Nomura Asset Management Co. Ltd. Grows Holdings in Camden Property Trust (NYSE:CPT)

Nomura Asset Management Co. Ltd. grew its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 3.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 171,731 shares of the real estate investment trust's stock after purchasing an additional 5,987 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.16% of Camden Property Trust worth $19,928,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CPT. The Manufacturers Life Insurance Company raised its position in shares of Camden Property Trust by 2.5% during the third quarter. The Manufacturers Life Insurance Company now owns 107,361 shares of the real estate investment trust's stock valued at $13,262,000 after buying an additional 2,590 shares during the last quarter. FMR LLC lifted its stake in Camden Property Trust by 14.5% in the 3rd quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust's stock worth $407,324,000 after purchasing an additional 416,701 shares in the last quarter. Townsquare Capital LLC purchased a new position in shares of Camden Property Trust during the third quarter valued at about $294,000. Glenmede Trust Co. NA bought a new stake in shares of Camden Property Trust in the third quarter worth about $223,000. Finally, CreativeOne Wealth LLC purchased a new stake in shares of Camden Property Trust in the third quarter worth about $248,000. Institutional investors own 97.22% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on CPT shares. Wells Fargo & Company reduced their price objective on Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating on the stock in a research note on Friday, January 24th. Jefferies Financial Group upgraded shares of Camden Property Trust from a "hold" rating to a "buy" rating and boosted their price target for the stock from $117.00 to $139.00 in a research report on Monday, March 10th. Barclays increased their price target on shares of Camden Property Trust from $126.00 to $130.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Stifel Nicolaus boosted their price objective on Camden Property Trust from $121.00 to $122.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. Finally, Citigroup raised Camden Property Trust from a "neutral" rating to a "buy" rating and raised their price objective for the company from $125.00 to $138.00 in a research note on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $127.76.

Insider Transactions at Camden Property Trust

In related news, CFO Alexander J. Jessett sold 13,067 shares of the firm's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $1,496,171.50. Following the completion of the transaction, the chief financial officer now owns 124,246 shares in the company, valued at $14,226,167. This trade represents a 9.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Richard J. Campo sold 7,324 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 value of $838,598.00. Following the completion of the transaction, the chief executive officer now directly owns 300,135 shares in the company, valued at $34,365,457.50. This represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,548 shares of company stock worth $2,912,212. Insiders own 1.80% of the company's stock.

Camden Property Trust Stock Down 1.1 %

NYSE CPT traded down $1.36 during midday trading on Thursday, hitting $121.44. 184,377 shares of the company traded hands, compared to its average volume of 892,396. Camden Property Trust has a 52 week low of $94.75 and a 52 week high of $127.69. The company's 50-day simple moving average is $119.18 and its 200-day simple moving average is $119.19. The company has a market cap of $13.21 billion, a PE ratio of 80.96, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. 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 issued its quarterly earnings data 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 net margin of 10.58% and a return on equity of 3.35%. As a group, equities research 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 declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 3.46%. 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 dividend payout ratio (DPR) is currently 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.