New Age Alpha Advisors LLC Takes Position in Camden Property Trust (NYSE:CPT)

New Age Alpha Advisors LLC acquired a new position in shares of Camden Property Trust (NYSE:CPT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,702 shares of the real estate investment trust's stock, valued at approximately $1,010,000.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CPT shares. Jefferies Financial Group upgraded Camden Property Trust from a "hold" rating to a "buy" rating and raised their price objective for the stock from $117.00 to $139.00 in a report on Monday, March 10th. StockNews.com raised Camden Property Trust from a "sell" rating to a "hold" rating in a research note on Tuesday, March 18th. Wells Fargo & Company dropped their price objective on shares of Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating for the company in a research note on Friday, January 24th. Citigroup raised shares of Camden Property Trust from a "neutral" rating to a "buy" rating and raised their target price for the stock from $125.00 to $138.00 in a research report on Friday, March 28th. Finally, Truist Financial boosted their target price on shares of Camden Property Trust from $122.00 to $129.00 and gave the company a "buy" rating in a report on Monday, March 10th. One investment 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. Based on data from MarketBeat.com, Camden Property Trust currently has a consensus rating of "Hold" and an average target price of $127.76.

Insider Activity

In other Camden Property Trust news, Director Heather J. Brunner sold 1,853 shares of Camden Property Trust stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $212,168.50. Following the completion of the transaction, the director now owns 10,537 shares of the company's stock, valued at $1,206,486.50. The trade was a 14.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Richard J. Campo sold 1,043 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $114,792.58. Following the sale, the chief executive officer now directly owns 299,092 shares in the company, valued at $32,918,065.52. This trade represents a 0.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,548 shares of company stock worth $2,912,212. 1.80% of the stock is currently owned by corporate insiders.

Camden Property Trust Stock Down 7.1 %

Camden Property Trust stock traded down $8.48 during midday trading on Friday, hitting $110.41. 1,960,211 shares of the stock were exchanged, compared to its average volume of 901,415. Camden Property Trust has a 1 year low of $94.75 and a 1 year high of $127.69. 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 firm has a market cap of $12.01 billion, a P/E ratio of 73.61, a P/E/G ratio of 4.41 and a beta of 0.79. The company has a 50 day moving average price of $119.35 and a two-hundred day moving average price of $119.05.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, sell-side analysts predict 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 announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be given a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.20 annualized dividend and a dividend yield of 3.80%. This is an increase from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's payout ratio is presently 280.00%.

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.