KBC Group NV Sells 16,437 Shares of Camden Property Trust (NYSE:CPT)

KBC Group NV reduced its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 12.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 114,125 shares of the real estate investment trust's stock after selling 16,437 shares during the period. KBC Group NV owned approximately 0.11% of Camden Property Trust worth $13,244,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CPT. SMART Wealth LLC bought a new stake in shares of Camden Property Trust in the third quarter valued at about $829,000. Nordea Investment Management AB lifted its position in Camden Property Trust by 15.0% during the fourth quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust's stock worth $11,339,000 after purchasing an additional 12,805 shares during the period. QRG Capital Management Inc. acquired a new stake in Camden Property Trust during the third quarter worth about $1,660,000. Franklin Resources Inc. raised its position in shares of Camden Property Trust by 3.2% in the 3rd quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust's stock valued at $23,174,000 after buying an additional 5,985 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Camden Property Trust by 10.5% during the 3rd quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust's stock worth $66,563,000 after acquiring an additional 51,097 shares during the period. 97.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CPT shares. StockNews.com cut shares of Camden Property Trust from a "hold" rating to a "sell" rating in a research note on Friday, November 1st. Barclays dropped their price objective on Camden Property Trust from $138.00 to $126.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Mizuho decreased their target price on Camden Property Trust from $129.00 to $125.00 and set an "outperform" rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. cut shares of Camden Property Trust from a "neutral" rating to an "underweight" rating and dropped their target price for the stock from $129.00 to $128.00 in a report on Tuesday, December 17th. Finally, Scotiabank lowered their price objective on shares of Camden Property Trust from $132.00 to $130.00 and set a "sector perform" rating for the company in a research report on Thursday, November 14th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $125.36.

Insider Activity

In other Camden Property Trust news, Director Heather J. Brunner sold 264 shares of the company's stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $29,055.84. Following the transaction, the director now owns 10,273 shares in the company, valued at approximately $1,130,646.38. This represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Alexander J. Jessett sold 13,067 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $1,496,171.50. Following the sale, the chief financial officer now directly owns 124,246 shares of the company's stock, valued at approximately $14,226,167. The trade was a 9.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,413 shares of company stock worth $2,895,718 in the last quarter. 1.80% of the stock is owned by corporate insiders.

Camden Property Trust Trading Up 2.4 %

NYSE CPT traded up $2.62 during mid-day trading on Thursday, reaching $113.20. 610,076 shares of the stock were exchanged, compared to its average volume of 805,977. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. The stock has a market cap of $12.08 billion, a P/E ratio of 35.91, a P/E/G ratio of 4.03 and a beta of 0.94. The stock has a 50 day simple moving average of $116.83 and a 200-day simple moving average of $118.77. Camden Property Trust has a one year low of $90.50 and a one year high of $127.69.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.64%. The ex-dividend date was Wednesday, December 18th. Camden Property Trust's dividend payout ratio (DPR) is 130.38%.

Camden Property Trust Profile

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.