Rhumbline Advisers Cuts Stock Holdings in Camden Property Trust (NYSE:CPT)

Rhumbline Advisers reduced its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 201,245 shares of the real estate investment trust's stock after selling 2,593 shares during the quarter. Rhumbline Advisers owned approximately 0.19% of Camden Property Trust worth $23,352,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CPT. Creative Planning lifted its stake in Camden Property Trust by 5.3% in the third quarter. Creative Planning now owns 9,012 shares of the real estate investment trust's stock worth $1,113,000 after acquiring an additional 453 shares during the period. Blue Trust Inc. lifted its stake in Camden Property Trust by 367.8% in the third quarter. Blue Trust Inc. now owns 931 shares of the real estate investment trust's stock worth $115,000 after acquiring an additional 732 shares during the period. Raymond James & Associates lifted its stake in Camden Property Trust by 12.5% in the third quarter. Raymond James & Associates now owns 112,548 shares of the real estate investment trust's stock worth $13,903,000 after acquiring an additional 12,493 shares during the period. Private Advisor Group LLC purchased a new stake in Camden Property Trust in the third quarter worth about $210,000. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in Camden Property Trust in the third quarter worth about $205,000. 97.22% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Stock Performance

Shares of Camden Property Trust stock traded down $0.92 during midday trading on Friday, hitting $119.93. The company had a trading volume of 805,388 shares, compared to its average volume of 877,583. The stock has a market cap of $12.79 billion, a price-to-earnings ratio of 79.95, a PEG ratio of 4.41 and a beta of 0.94. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. The company has a fifty day simple moving average of $115.03 and a 200 day simple moving average of $119.31. Camden Property Trust has a 12-month low of $92.26 and a 12-month high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts predict that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change 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 3.50%. Camden Property Trust's dividend payout ratio (DPR) is currently 274.67%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating for the company in a research note on Friday, January 24th. StockNews.com cut shares of Camden Property Trust from a "hold" rating to a "sell" rating in a report on Thursday. Scotiabank raised 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 report on Friday, February 14th. Evercore ISI raised their price target on shares of Camden Property Trust from $118.00 to $127.00 and gave the company an "in-line" rating in a report on Monday, February 10th. Finally, Royal Bank of Canada raised their price target 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. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $126.53.

Insiders Place Their Bets

In other news, Director Heather J. Brunner sold 264 shares of Camden Property Trust stock in a transaction that occurred 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 completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard J. Campo sold 1,043 shares of Camden Property Trust stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 299,092 shares of the company's stock, valued at approximately $32,918,065.52. This trade represents a 0.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,413 shares of company stock valued at $2,895,718. 1.80% of the stock is 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.