Camden Property Trust (NYSE:CPT) Shares Sold by Legal & General Group Plc

Legal & General Group Plc trimmed its position in Camden Property Trust (NYSE:CPT - Free Report) by 22.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 778,769 shares of the real estate investment trust's stock after selling 222,392 shares during the period. Legal & General Group Plc owned 0.73% of Camden Property Trust worth $90,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its position in Camden Property Trust by 76.6% in the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 98 shares during the last quarter. National Pension Service purchased a new position in shares of Camden Property Trust during the fourth quarter worth $26,000. Quent Capital LLC lifted its position 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 valued at $28,000 after purchasing an additional 114 shares during the period. IAG Wealth Partners LLC acquired a new stake in Camden Property Trust during the 4th quarter worth about $29,000. Finally, Neo Ivy Capital Management purchased a new position in shares of Camden Property Trust during the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 97.22% of the company's stock.

Camden Property Trust Trading Up 2.6 %

Camden Property Trust stock traded up $2.89 during midday trading on Thursday, hitting $113.09. 142,708 shares of the stock were exchanged, compared to its average volume of 911,636. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $12.30 billion, a price-to-earnings ratio of 75.36, a PEG ratio of 4.41 and a beta of 0.79. The stock's 50-day simple moving average is $118.31 and its 200 day simple moving average is $118.02. Camden Property Trust has a fifty-two week low of $94.84 and a fifty-two week high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its quarterly earnings results 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%. On average, equities analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.71%. This is a boost from Camden Property Trust's previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, March 31st. Camden Property Trust's dividend payout ratio is 280.00%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CPT shares. Evercore ISI lifted their price target 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. Jefferies Financial Group raised shares of Camden Property Trust from a "hold" rating to a "buy" rating and lifted their price objective for the company from $117.00 to $139.00 in a report on Monday, March 10th. Royal Bank of Canada raised their target price on Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a research report on Monday, February 10th. Scotiabank increased their price target on Camden Property Trust from $130.00 to $135.00 and gave the stock a "sector perform" rating in a research report on Friday, February 14th. Finally, Stifel Nicolaus boosted their price objective on Camden Property Trust from $121.00 to $122.00 and gave the company a "hold" rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $127.61.

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.