JPMorgan Chase & Co. Has $184.48 Million Holdings in Camden Property Trust (NYSE:CPT)

JPMorgan Chase & Co. reduced its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 9.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,589,826 shares of the real estate investment trust's stock after selling 172,349 shares during the period. JPMorgan Chase & Co. owned 1.49% of Camden Property Trust worth $184,483,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CPT. UMB Bank n.a. boosted its holdings in Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 98 shares during the period. National Pension Service acquired a new position in shares of Camden Property Trust during the 4th quarter worth about $26,000. Quent Capital LLC boosted its stake in Camden Property Trust by 87.0% during the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 114 shares during the period. IAG Wealth Partners LLC bought a new stake in Camden Property Trust during the 4th quarter valued at approximately $29,000. Finally, Neo Ivy Capital Management acquired a new stake in Camden Property Trust in the 3rd quarter valued at approximately $38,000. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. StockNews.com upgraded Camden Property Trust from a "sell" rating to a "hold" rating in a report on Tuesday, March 18th. Barclays upped their target price on shares of Camden Property Trust from $126.00 to $130.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Jefferies Financial Group upgraded shares of Camden Property Trust from a "hold" rating to a "buy" rating and raised their price target for the stock from $117.00 to $139.00 in a research report on Monday, March 10th. Mizuho cut their price objective on shares of Camden Property Trust from $129.00 to $125.00 and set an "outperform" rating for the company in a research report on Monday, January 6th. Finally, Evercore ISI lifted their target price on Camden Property Trust from $118.00 to $127.00 and gave the stock an "in-line" rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Camden Property Trust presently has a consensus rating of "Hold" and an average price target of $127.76.

Insiders Place Their Bets

In related news, CEO Richard J. Campo sold 7,324 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $838,598.00. Following the completion of the sale, the chief executive officer now owns 300,135 shares of the company's stock, valued at $34,365,457.50. This trade represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Heather J. Brunner sold 264 shares of the business's stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $29,055.84. Following the completion of the transaction, the director now owns 10,273 shares of the company's stock, valued at $1,130,646.38. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,548 shares of company stock valued at $2,912,212. 1.80% of the stock is currently owned by corporate insiders.

Camden Property Trust Price Performance

Shares of NYSE:CPT traded down $8.48 on Friday, hitting $110.41. The stock had a trading volume of 1,960,211 shares, compared to its average volume of 901,415. The firm's 50 day moving average price is $119.35 and its 200-day moving average price is $119.05. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. Camden Property Trust has a twelve month low of $94.75 and a twelve month high of $127.69. The company has a market capitalization of $12.01 billion, a price-to-earnings ratio of 73.61, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. On average, equities research analysts predict that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be given a $1.05 dividend. This is an increase from Camden Property Trust's previous quarterly dividend of $1.03. The ex-dividend date is Monday, March 31st. This represents a $4.20 annualized dividend and a yield of 3.80%. Camden Property Trust's payout ratio is presently 280.00%.

About Camden Property Trust

Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,250 apartment homes across the United States.