Camden Property Trust (NYSE:CPT) Position Lessened by Prudential Financial Inc.

Prudential Financial Inc. cut its stake in Camden Property Trust (NYSE:CPT - Free Report) by 37.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,284 shares of the real estate investment trust's stock after selling 35,085 shares during the period. Prudential Financial Inc. owned 0.05% of Camden Property Trust worth $6,763,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CPT. National Pension Service acquired a new stake in shares of Camden Property Trust in the 4th quarter worth about $26,000. UMB Bank n.a. increased its stake in shares of 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 valued at $26,000 after purchasing an additional 98 shares during the period. Quent Capital LLC raised its holdings in shares of 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 buying an additional 114 shares during the last quarter. IAG Wealth Partners LLC bought a new stake in shares of Camden Property Trust during the fourth quarter valued at approximately $29,000. Finally, Neo Ivy Capital Management acquired a new position in shares of Camden Property Trust during the third quarter worth approximately $38,000. 97.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. JPMorgan Chase & Co. downgraded Camden Property Trust from a "neutral" rating to an "underweight" rating and cut their target price for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. Stifel Nicolaus lifted their price objective on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a "hold" rating in a research note on Friday, February 7th. Jefferies Financial Group upgraded shares of Camden Property Trust from a "hold" rating to a "buy" rating and increased their target price for the company from $117.00 to $139.00 in a research report on Monday, March 10th. Mizuho dropped 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, Royal Bank of Canada increased their price objective on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $127.76.

Camden Property Trust Trading Down 7.1 %

Shares of Camden Property Trust stock traded down $8.48 on Friday, reaching $110.41. 1,960,211 shares of the company were exchanged, compared to its average volume of 900,509. Camden Property Trust has a fifty-two week low of $94.75 and a fifty-two week high of $127.69. The firm has a market capitalization of $12.01 billion, a price-to-earnings ratio of 73.61, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. The stock has a fifty day moving average price of $119.35 and a 200-day moving average price of $119.08.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings data 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%. On average, analysts expect that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 3.80%. The ex-dividend date 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 is 280.00%.

Insider Buying and Selling

In related news, Director Heather J. Brunner sold 264 shares of the stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $29,055.84. Following the completion of the sale, the director now directly owns 10,273 shares of the company's stock, valued at approximately $1,130,646.38. This represents a 2.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard J. Campo sold 7,324 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $838,598.00. Following 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 25,548 shares of company stock valued at $2,912,212. Company insiders own 1.80% of the company's stock.

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.