Proficio Capital Partners LLC Makes New $13.26 Million Investment in Camden Property Trust (NYSE:CPT)

Proficio Capital Partners LLC acquired a new position in shares of Camden Property Trust (NYSE:CPT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 114,299 shares of the real estate investment trust's stock, valued at approximately $13,263,000. Proficio Capital Partners LLC owned about 0.11% of Camden Property Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the stock. State Street Corp increased its holdings in Camden Property Trust by 0.5% during the third 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 during the last quarter. FMR LLC increased its holdings in Camden Property Trust by 14.5% during the third quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust's stock worth $407,324,000 after buying an additional 416,701 shares during the last quarter. Geode Capital Management LLC increased its holdings in Camden Property Trust by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,739,831 shares of the real estate investment trust's stock worth $337,394,000 after buying an additional 20,097 shares during the last quarter. Wellington Management Group LLP increased its holdings in Camden Property Trust by 86.9% during the third quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust's stock worth $243,952,000 after buying an additional 918,078 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Camden Property Trust by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,498,742 shares of the real estate investment trust's stock worth $185,140,000 after buying an additional 51,742 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company's stock.

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Analyst Upgrades and Downgrades

CPT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a "neutral" rating to an "underweight" rating and decreased their price objective for the stock from $129.00 to $128.00 in a report on Tuesday, December 17th. Wells Fargo & Company lowered their price target on shares of Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating on the stock in a research report on Friday, January 24th. Scotiabank boosted their price target on shares of Camden Property Trust from $130.00 to $135.00 and gave the company a "sector perform" rating in a research report on Friday, February 14th. Mizuho lowered 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, Stifel Nicolaus boosted their price target on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a "hold" rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, Camden Property Trust currently has a consensus rating of "Hold" and a consensus target price of $126.53.

Camden Property Trust Trading Up 1.0 %

Shares of Camden Property Trust stock traded up $1.24 during trading on Wednesday, reaching $124.48. The company's stock had a trading volume of 1,589,010 shares, compared to its average volume of 876,369. Camden Property Trust has a 52-week low of $94.75 and a 52-week high of $127.69. The company has a market cap of $13.29 billion, a price-to-earnings ratio of 82.99, a PEG ratio of 4.41 and a beta of 0.94. The firm's 50-day moving average is $116.00 and its two-hundred day moving average is $119.50. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be paid a $1.05 dividend. This is a boost from Camden Property Trust's previous quarterly dividend of $1.03. The ex-dividend date is Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.37%. Camden Property Trust's dividend payout ratio is 280.00%.

Insider Activity

In other Camden Property Trust news, CEO Richard J. Campo sold 1,043 shares of the stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $114,792.58. Following the completion of the sale, the chief executive officer now owns 299,092 shares of the company's stock, valued at $32,918,065.52. This represents a 0.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Heather J. Brunner sold 264 shares of the stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $29,055.84. Following the sale, the director now directly owns 10,273 shares of the company's stock, valued at $1,130,646.38. The trade was a 2.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,413 shares of company stock valued at $2,895,718. Corporate insiders own 1.80% of the company's stock.

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.