Oppenheimer Asset Management Inc. Sells 2,275 Shares of Camden Property Trust (NYSE:CPT)

Oppenheimer Asset Management Inc. reduced its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 13.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,143 shares of the real estate investment trust's stock after selling 2,275 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Camden Property Trust were worth $1,757,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. National Pension Service purchased a new position in shares of Camden Property Trust in the fourth quarter valued at $26,000. Illinois Municipal Retirement Fund grew its holdings in Camden Property Trust by 22.8% during the 4th quarter. Illinois Municipal Retirement Fund now owns 23,121 shares of the real estate investment trust's stock valued at $2,683,000 after buying an additional 4,290 shares in the last quarter. Impax Asset Management Group plc lifted its holdings in shares of Camden Property Trust by 51.6% in the fourth quarter. Impax Asset Management Group plc now owns 8,221 shares of the real estate investment trust's stock worth $954,000 after buying an additional 2,798 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Camden Property Trust in the fourth quarter valued at approximately $496,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Camden Property Trust by 94.0% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 23,321 shares of the real estate investment trust's stock valued at $2,706,000 after acquiring an additional 11,300 shares in the last quarter. Institutional investors own 97.22% of the company's stock.

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Insiders Place Their Bets

In other Camden Property Trust news, CEO Richard J. Campo sold 7,324 shares of the stock in a transaction on Monday, January 6th. The stock was 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 owns 300,135 shares in the company, valued at approximately $34,365,457.50. This represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Heather J. Brunner sold 264 shares of the firm's stock in a transaction on Wednesday, January 8th. The shares were 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 $1,130,646.38. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,413 shares of company stock worth $2,895,718. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CPT shares. Scotiabank increased their price objective on Camden Property Trust from $130.00 to $135.00 and gave the stock a "sector perform" rating in a research report on Friday, February 14th. Royal Bank of Canada raised their price target on Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a report on Monday, February 10th. 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 report on Friday, February 7th. StockNews.com raised shares of Camden Property Trust from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Finally, Barclays boosted their price target on shares of Camden Property Trust from $126.00 to $130.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Camden Property Trust presently has a consensus rating of "Hold" and an average price target of $126.53.

Camden Property Trust Trading Down 0.4 %

Camden Property Trust stock traded down $0.44 during trading hours on Friday, reaching $121.38. The stock had a trading volume of 731,113 shares, compared to its average volume of 871,657. 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 company has a fifty day simple moving average of $116.27 and a 200-day simple moving average of $119.55. The stock has a market cap of $12.96 billion, a PE ratio of 80.92, 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.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, beating 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%. Analysts forecast that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The business also recently disclosed 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 is an increase from Camden Property Trust's previous quarterly dividend of $1.03. This represents a $4.20 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Monday, March 31st. Camden Property Trust's payout ratio is presently 280.00%.

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.