Camden Property Trust (NYSE:CPT) Shares Purchased by Korea Investment CORP

Korea Investment CORP increased its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 99.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 151,799 shares of the real estate investment trust's stock after acquiring an additional 75,843 shares during the quarter. Korea Investment CORP owned approximately 0.14% of Camden Property Trust worth $17,615,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. UMB Bank n.a. boosted its holdings in Camden Property Trust by 76.6% in the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 98 shares during the last quarter. First American Bank lifted its holdings in Camden Property Trust by 1.0% in the fourth quarter. First American Bank now owns 10,846 shares of the real estate investment trust's stock valued at $1,259,000 after acquiring an additional 104 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Camden Property Trust by 2.5% in the fourth quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust's stock valued at $499,000 after acquiring an additional 105 shares during the last quarter. Doliver Advisors LP grew its position in Camden Property Trust by 6.7% in the fourth quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust's stock worth $209,000 after acquiring an additional 113 shares during the period. Finally, Quent Capital LLC increased its stake in Camden Property Trust by 87.0% during the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company's stock.

Camden Property Trust Stock Down 1.1 %

Shares of CPT traded down $1.36 during midday trading on Thursday, hitting $121.44. The company had a trading volume of 184,377 shares, compared to its average volume of 935,957. The company's 50-day simple moving average is $119.18 and its 200-day simple moving average is $119.19. 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 1 year low of $94.75 and a 1 year high of $127.69. The firm has a market capitalization of $13.21 billion, a P/E ratio of 80.96, a P/E/G ratio of 4.41 and a beta of 0.94.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS 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%. As a group, sell-side analysts expect that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 3.46%. The ex-dividend date is Monday, March 31st. This is a positive change from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's dividend payout ratio is 280.00%.

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, 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 value of $29,055.84. Following the completion of the sale, the director now owns 10,273 shares in the company, valued at approximately $1,130,646.38. The trade was a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard J. Campo sold 7,324 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $838,598.00. Following the transaction, the chief executive officer now directly owns 300,135 shares in the company, valued at approximately $34,365,457.50. This represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,548 shares of company stock worth $2,912,212 over the last ninety days. Corporate insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

CPT has been the topic of several recent analyst reports. Truist Financial upped their price target on Camden Property Trust from $122.00 to $129.00 and gave the company a "buy" rating in a research note on Monday, March 10th. Stifel Nicolaus upped their target price on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a "hold" rating in a research report on Friday, February 7th. Scotiabank lifted their price target on shares of Camden Property Trust from $130.00 to $135.00 and gave the company a "sector perform" rating in a research report on Friday, February 14th. Wells Fargo & Company reduced their price target on shares of Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating on the stock in a research note on Friday, January 24th. Finally, Jefferies Financial Group raised shares of Camden Property Trust from a "hold" rating to a "buy" rating and increased their price objective for the stock from $117.00 to $139.00 in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $127.76.

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.