KLP Kapitalforvaltning AS Invests $4.13 Million in Camden Property Trust (NYSE:CPT)

KLP Kapitalforvaltning AS bought a new position in Camden Property Trust (NYSE:CPT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 35,329 shares of the real estate investment trust's stock, valued at approximately $4,131,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Camden Property Trust by 0.5% in the third quarter. State Street Corp now owns 7,118,930 shares of the real estate investment trust's stock valued at $886,693,000 after acquiring an additional 36,528 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Camden Property Trust by 6.7% in the 4th quarter. Victory Capital Management Inc. now owns 4,400,846 shares of the real estate investment trust's stock worth $510,674,000 after purchasing an additional 277,117 shares in the last quarter. FMR LLC boosted its stake in Camden Property Trust by 14.5% in the 3rd quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust's stock worth $407,324,000 after purchasing an additional 416,701 shares during the period. Geode Capital Management LLC grew its holdings in Camden Property Trust by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,739,831 shares of the real estate investment trust's stock valued at $337,394,000 after buying an additional 20,097 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Camden Property Trust by 86.9% during the third quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust's stock valued at $243,952,000 after buying an additional 918,078 shares during the last quarter. Institutional investors own 97.22% of the company's stock.

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Insiders Place Their Bets

In other news, Director Heather J. Brunner sold 264 shares of Camden Property Trust stock in a transaction that occurred 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 completion of the sale, the director now owns 10,273 shares of the company's stock, valued at approximately $1,130,646.38. The trade was a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Richard J. Campo sold 7,324 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $838,598.00. Following the completion of the transaction, the chief executive officer now directly owns 300,135 shares in the company, valued at approximately $34,365,457.50. This trade represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,548 shares of company stock worth $2,912,212 in the last three months. Corporate insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

CPT has been the subject of several research analyst reports. Mizuho cut their target price on shares of Camden Property Trust from $129.00 to $125.00 and set an "outperform" rating for the company in a research note on Monday, January 6th. Evercore ISI raised their price objective on Camden Property Trust from $118.00 to $127.00 and gave the company an "in-line" rating in a research report on Monday, February 10th. Truist Financial lifted their target price on Camden Property Trust from $122.00 to $129.00 and gave the stock a "buy" rating in a report on Monday, March 10th. Stifel Nicolaus raised their price target on Camden Property Trust from $121.00 to $122.00 and gave the company a "hold" rating in a report on Friday, February 7th. Finally, StockNews.com raised Camden Property Trust from a "sell" rating to a "hold" rating in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $127.76.

Camden Property Trust Trading Up 0.2 %

Shares of CPT traded up $0.23 during mid-day trading on Friday, reaching $122.17. 1,151,136 shares of the company's stock traded hands, compared to its average volume of 889,788. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The stock's 50-day moving average is $118.57 and its two-hundred day moving average is $119.20. Camden Property Trust has a 12 month low of $94.75 and a 12 month high of $127.69. The stock has a market cap of $13.04 billion, a P/E ratio of 81.45, a P/E/G ratio of 4.41 and a beta of 0.94.

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

Camden Property Trust Increases Dividend

The business 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 represents a $4.20 annualized dividend and a yield of 3.44%. This is a boost from Camden Property Trust's previous quarterly dividend of $1.03. The ex-dividend date is Monday, March 31st. Camden Property Trust's payout ratio is 280.00%.

Camden Property Trust Company 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.