Mitsubishi UFJ Asset Management Co. Ltd. Acquires 13,784 Shares of Camden Property Trust (NYSE:CPT)

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 244,789 shares of the real estate investment trust's stock after purchasing an additional 13,784 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.23% of Camden Property Trust worth $28,657,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. UMB Bank n.a. lifted its stake in shares of Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 98 shares during the period. National Pension Service bought a new stake in Camden Property Trust during the 4th quarter worth about $26,000. Quent Capital LLC lifted its position in Camden Property Trust by 87.0% during the 4th 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 bought a new position in shares of Camden Property Trust in the 4th quarter valued at about $29,000. Finally, Neo Ivy Capital Management acquired a new stake in shares of Camden Property Trust during the 3rd quarter worth approximately $38,000. Institutional investors own 97.22% of the company's stock.

Insider Buying and Selling at Camden Property Trust

In related news, CFO Alexander J. Jessett sold 13,067 shares of Camden Property Trust stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $1,496,171.50. Following the completion of the sale, the chief financial officer now owns 124,246 shares of the company's stock, valued at approximately $14,226,167. The trade was a 9.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Heather J. Brunner sold 1,853 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $212,168.50. Following the completion of the transaction, the director now directly owns 10,537 shares in the company, valued at approximately $1,206,486.50. This represents a 14.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,548 shares of company stock worth $2,912,212 over the last 90 days. Company insiders own 1.80% of the company's stock.

Camden Property Trust Stock Down 7.1 %

CPT stock traded down $8.48 during mid-day trading on Friday, reaching $110.41. The company had a trading volume of 1,960,211 shares, compared to its average volume of 900,509. The company has a market capitalization of $12.01 billion, a price-to-earnings ratio of 73.61, a PEG ratio of 4.41 and a beta of 0.94. Camden Property Trust has a 52 week low of $94.75 and a 52 week high of $127.69. The stock has a 50 day simple moving average of $119.35 and a two-hundred day simple moving average of $119.08. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15.

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 net margin of 10.58% and a return on equity of 3.35%. As a group, equities analysts predict that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's payout ratio is 280.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Mizuho reduced their price objective on shares of Camden Property Trust from $129.00 to $125.00 and set an "outperform" rating on the stock in a research note on Monday, January 6th. StockNews.com upgraded shares of Camden Property Trust from a "sell" rating to a "hold" rating in a report on Tuesday, March 18th. Stifel Nicolaus increased their price target on Camden Property Trust from $121.00 to $122.00 and gave the stock a "hold" rating in a report on Friday, February 7th. Citigroup raised Camden Property Trust from a "neutral" rating to a "buy" rating and increased their target price for the stock from $125.00 to $138.00 in a research note on Friday, March 28th. Finally, JPMorgan Chase & Co. lowered shares of Camden Property Trust from a "neutral" rating to an "underweight" rating and cut their price target for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $127.76.

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.