New York Life Investment Management LLC Has $2.99 Million Holdings in Camden Property Trust (NYSE:CPT)

New York Life Investment Management LLC lessened its position in Camden Property Trust (NYSE:CPT - Free Report) by 34.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,727 shares of the real estate investment trust's stock after selling 13,445 shares during the period. New York Life Investment Management LLC's holdings in Camden Property Trust were worth $2,985,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CPT. Private Advisor Group LLC acquired a new stake in shares of Camden Property Trust in the 3rd quarter valued at $210,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Camden Property Trust by 5.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,000 shares of the real estate investment trust's stock valued at $371,000 after purchasing an additional 155 shares in the last quarter. New York State Teachers Retirement System boosted its stake in shares of Camden Property Trust by 8.2% in the 3rd quarter. New York State Teachers Retirement System now owns 98,846 shares of the real estate investment trust's stock valued at $12,210,000 after purchasing an additional 7,517 shares in the last quarter. First Trust Direct Indexing L.P. acquired a new stake in shares of Camden Property Trust in the 3rd quarter valued at $248,000. Finally, US Bancorp DE boosted its stake in shares of Camden Property Trust by 19.9% in the 3rd quarter. US Bancorp DE now owns 8,370 shares of the real estate investment trust's stock valued at $1,034,000 after purchasing an additional 1,387 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company's stock.

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Insider Buying and Selling

In other Camden Property Trust news, CFO Alexander J. Jessett sold 1,862 shares of the company'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 transaction of $204,931.72. Following the completion of the transaction, the chief financial officer now owns 122,384 shares of the company's stock, valued at $13,469,583.04. This represents a 1.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Heather J. Brunner sold 264 shares of the company'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 transaction, the director now directly owns 10,273 shares of the company's stock, valued at approximately $1,130,646.38. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 25,413 shares of company stock valued at $2,895,718. 1.80% of the stock is owned by corporate insiders.

Camden Property Trust Trading Up 1.0 %

Shares of CPT stock traded up $1.24 on Wednesday, reaching $124.48. The company had a trading volume of 1,589,010 shares, compared to its average volume of 876,369. 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 cap of $13.29 billion, a PE ratio of 82.99, a PEG ratio of 4.41 and a beta of 0.94. The company has a 50-day moving average of $116.00 and a 200-day moving average of $119.50. Camden Property Trust has a 12 month low of $94.75 and a 12 month high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted 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, equities analysts forecast that Camden Property Trust will post 6.76 earnings per share 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 paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.37%. This is a boost from Camden Property Trust's previous quarterly dividend of $1.03. The ex-dividend date is Monday, March 31st. Camden Property Trust's dividend payout ratio is presently 280.00%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CPT. Stifel Nicolaus boosted 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 note on Friday, February 7th. Royal Bank of Canada upped their price target on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a "sector perform" rating in a research report on Monday, February 10th. StockNews.com upgraded shares of Camden Property Trust from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Mizuho reduced their price target on shares of 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. Finally, JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a "neutral" rating to an "underweight" rating and reduced their price target for the stock from $129.00 to $128.00 in a research report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $126.53.

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.