Mirae Asset Global Investments Co. Ltd. Raises Holdings in Camden Property Trust (NYSE:CPT)

Mirae Asset Global Investments Co. Ltd. boosted its position in Camden Property Trust (NYSE:CPT - Free Report) by 14.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,581 shares of the real estate investment trust's stock after purchasing an additional 2,165 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Camden Property Trust were worth $2,024,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Spirit of America Management Corp NY lifted its position in shares of Camden Property Trust by 2.1% during the 4th quarter. Spirit of America Management Corp NY now owns 9,800 shares of the real estate investment trust's stock valued at $1,137,000 after buying an additional 200 shares in the last quarter. Boston Trust Walden Corp lifted its position in shares of Camden Property Trust by 3.9% during the 4th quarter. Boston Trust Walden Corp now owns 294,595 shares of the real estate investment trust's stock valued at $34,185,000 after buying an additional 11,163 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Camden Property Trust by 20.9% during the 4th quarter. Jennison Associates LLC now owns 461,504 shares of the real estate investment trust's stock valued at $53,553,000 after buying an additional 79,896 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in shares of Camden Property Trust by 0.4% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 46,846 shares of the real estate investment trust's stock valued at $5,436,000 after buying an additional 194 shares in the last quarter. Finally, Caprock Group LLC purchased a new position in shares of Camden Property Trust during the 4th quarter valued at about $444,000. 97.22% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Camden Property Trust

In related news, Director Heather J. Brunner sold 264 shares of the business's stock in a transaction 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 in the company, valued at $1,130,646.38. The trade was a 2.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard J. Campo sold 1,043 shares of the business's stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $114,792.58. Following the transaction, the chief executive officer now owns 299,092 shares of the company's stock, valued at approximately $32,918,065.52. The trade was a 0.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,413 shares of company stock worth $2,895,718 in the last quarter. 1.80% of the stock is owned by company insiders.

Analyst Ratings Changes

CPT has been the topic of a number of analyst reports. Barclays lowered their price objective on Camden Property Trust from $138.00 to $126.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Mizuho lowered their price objective 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. Stifel Nicolaus lifted 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. Scotiabank lifted their target price on Camden Property Trust from $130.00 to $135.00 and gave the company a "sector perform" rating in a research note on Friday. Finally, Evercore ISI lifted their target price on Camden Property Trust from $118.00 to $127.00 and gave the company an "in-line" rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $126.31.

Camden Property Trust Price Performance

NYSE:CPT traded down $0.05 during trading hours on Friday, reaching $119.11. The stock had a trading volume of 604,305 shares, compared to its average volume of 895,910. The stock has a market capitalization of $12.71 billion, a PE ratio of 79.41, a PEG ratio of 4.27 and a beta of 0.94. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. The company has a 50 day moving average price of $115.19 and a two-hundred day moving average price of $119.12. Camden Property Trust has a 52 week low of $92.26 and a 52 week high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.32% and a net margin of 10.58%. As a group, sell-side analysts anticipate that Camden Property Trust will post 6.8 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a dividend of $1.05 per share. The ex-dividend date is Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a yield of 3.53%. This is a boost from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's payout ratio is presently 274.67%.

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.