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

Proficio Capital Partners LLC purchased a new position in Camden Property Trust (NYSE:CPT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 114,299 shares of the real estate investment trust's stock, valued at approximately $13,263,000. Proficio Capital Partners LLC owned approximately 0.11% of Camden Property Trust at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CPT. UMB Bank n.a. raised its holdings in Camden Property Trust by 76.6% in the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 98 shares in the last quarter. First American Bank boosted its position in Camden Property Trust by 1.0% in the fourth quarter. First American Bank now owns 10,846 shares of the real estate investment trust's stock valued at $1,259,000 after buying an additional 104 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Camden Property Trust by 2.5% in the fourth quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust's stock worth $499,000 after acquiring an additional 105 shares during the period. Doliver Advisors LP grew its position in Camden Property Trust by 6.7% during the 4th quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust's stock worth $209,000 after purchasing an additional 113 shares during the period. Finally, Quent Capital LLC raised its position in Camden Property Trust by 87.0% during the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 114 shares in the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity at Camden Property Trust

In other Camden Property Trust news, CEO Richard J. Campo sold 7,324 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $838,598.00. Following the sale, the chief executive officer now directly owns 300,135 shares of the company's stock, valued at approximately $34,365,457.50. This represents a 2.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Alexander J. Jessett sold 13,067 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now directly owns 124,246 shares of the company's stock, 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. Over the last quarter, insiders sold 25,548 shares of company stock worth $2,912,212. Corporate insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

CPT has been the subject of several recent research reports. Scotiabank lifted their target price on shares of Camden Property Trust from $130.00 to $135.00 and gave the company a "sector perform" rating in a report on Friday, February 14th. Royal Bank of Canada upped their price objective 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. Jefferies Financial Group raised shares of Camden Property Trust from a "hold" rating to a "buy" rating and increased their target price for the stock from $117.00 to $139.00 in a research note on Monday, March 10th. JPMorgan Chase & Co. lowered Camden Property Trust from a "neutral" rating to an "underweight" rating and cut their price target for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. Finally, StockNews.com raised Camden Property Trust from a "sell" rating to a "hold" rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $127.19.

Camden Property Trust Trading Up 0.2 %

Shares of NYSE CPT traded up $0.23 during midday trading on Wednesday, reaching $119.82. 636,916 shares of the stock were exchanged, compared to its average volume of 857,846. Camden Property Trust has a twelve month low of $94.75 and a twelve month high of $127.69. The stock has a market capitalization of $12.79 billion, a P/E ratio of 79.88, a PEG ratio of 4.41 and a beta of 0.94. The company has a 50 day simple moving average of $117.06 and a 200 day simple moving average of $119.35. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14.

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 the consensus estimate of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. As a group, equities analysts expect that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 3.51%. 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 280.00%.

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.