Nordea Investment Management AB Acquires 12,805 Shares of Camden Property Trust (NYSE:CPT)

Nordea Investment Management AB lifted its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 15.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 97,907 shares of the real estate investment trust's stock after purchasing an additional 12,805 shares during the period. Nordea Investment Management AB owned 0.09% of Camden Property Trust worth $11,339,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Camden Property Trust by 0.5% during the 3rd quarter. State Street Corp now owns 7,118,930 shares of the real estate investment trust's stock worth $886,693,000 after buying an additional 36,528 shares in the last quarter. FMR LLC boosted its position in Camden Property Trust by 14.5% in the third 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 during the last quarter. Geode Capital Management LLC increased its position in shares of Camden Property Trust by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,739,831 shares of the real estate investment trust's stock valued at $337,394,000 after purchasing an additional 20,097 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Camden Property Trust by 86.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust's stock valued at $243,952,000 after purchasing an additional 918,078 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Camden Property Trust by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,597,441 shares of the real estate investment trust's stock worth $174,299,000 after purchasing an additional 54,475 shares during the period. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CPT has been the subject of a number of research analyst reports. Jefferies Financial Group started coverage on shares of Camden Property Trust in a report on Friday, October 11th. They set a "hold" rating and a $123.00 price objective for the company. BNP Paribas assumed coverage on shares of Camden Property Trust in a research note on Wednesday, September 11th. They set a "neutral" rating and a $129.00 price target for the company. JPMorgan Chase & Co. downgraded Camden Property Trust from a "neutral" rating to an "underweight" rating and dropped their price objective for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. Stifel Nicolaus downgraded Camden Property Trust from a "buy" rating to a "hold" rating and raised their target price for the stock from $120.00 to $121.00 in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada dropped their price target on Camden Property Trust from $131.00 to $127.00 and set a "sector perform" rating on the stock in a research report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $126.75.

Camden Property Trust Price Performance

Shares of Camden Property Trust stock traded up $0.74 during trading on Thursday, hitting $111.05. The stock had a trading volume of 882,139 shares, compared to its average volume of 879,288. The firm has a market cap of $11.85 billion, a price-to-earnings ratio of 35.14, a P/E/G ratio of 4.40 and a beta of 0.94. Camden Property Trust has a 12 month low of $90.50 and a 12 month high of $127.69. The business's 50-day moving average is $119.10 and its 200 day moving average is $118.47. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72.

Camden Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th will be given a dividend of $1.03 per share. The ex-dividend date is Wednesday, December 18th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.71%. Camden Property Trust's dividend payout ratio (DPR) is presently 130.38%.

Insider Activity

In other Camden Property Trust news, CEO Richard J. Campo sold 7,324 shares of Camden Property Trust stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $838,598.00. Following the completion of the sale, the chief executive officer now owns 300,135 shares of the company's stock, valued at $34,365,457.50. The trade was a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Alexander J. Jessett sold 13,067 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 $1,496,171.50. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,413 shares of company stock worth $2,895,718. 1.80% of the stock is currently owned by insiders.

Camden Property Trust Company 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.