Sumitomo Mitsui DS Asset Management Company Ltd Grows Position in Camden Property Trust (NYSE:CPT)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 13.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,383 shares of the real estate investment trust's stock after buying an additional 3,976 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Camden Property Trust were worth $3,990,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CPT. Czech National Bank grew its position in shares of Camden Property Trust by 7.0% during the 3rd quarter. Czech National Bank now owns 21,722 shares of the real estate investment trust's stock worth $2,683,000 after buying an additional 1,420 shares during the period. Atomi Financial Group Inc. grew its holdings in Camden Property Trust by 18.1% in the third quarter. Atomi Financial Group Inc. now owns 2,169 shares of the real estate investment trust's stock worth $268,000 after purchasing an additional 332 shares during the period. CWM LLC grew its holdings in Camden Property Trust by 20.4% in the third quarter. CWM LLC now owns 2,541 shares of the real estate investment trust's stock worth $314,000 after purchasing an additional 430 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Camden Property Trust by 1,538.5% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,065 shares of the real estate investment trust's stock worth $132,000 after purchasing an additional 1,000 shares during the period. Finally, Exchange Traded Concepts LLC grew its stake in shares of Camden Property Trust by 37.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,938 shares of the real estate investment trust's stock valued at $239,000 after buying an additional 526 shares during the period. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Camden Property Trust news, CFO Alexander J. Jessett sold 1,862 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $204,931.72. Following the sale, the chief financial officer now owns 122,384 shares in the company, valued at $13,469,583.04. This represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Heather J. Brunner sold 1,853 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $212,168.50. Following the sale, the director now directly owns 10,537 shares in the company, valued at $1,206,486.50. This trade represents a 14.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,413 shares of company stock valued at $2,895,718 in the last 90 days. Insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CPT shares. Royal Bank of Canada raised their target price on Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a research note on Monday. Mizuho reduced their price objective on Camden Property Trust from $129.00 to $125.00 and set an "outperform" rating for the company in a research note on Monday, January 6th. Scotiabank reduced their price target on shares of Camden Property Trust from $132.00 to $130.00 and set a "sector perform" rating for the company in a research report on Thursday, November 14th. Barclays reduced their price target on shares of Camden Property Trust from $138.00 to $126.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. cut shares of Camden Property Trust from a "neutral" rating to an "underweight" rating and reduced their price objective for the company from $129.00 to $128.00 in a report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $126.03.

Camden Property Trust Stock Performance

CPT stock traded up $0.71 during midday trading on Thursday, hitting $119.11. The company's stock had a trading volume of 817,661 shares, compared to its average volume of 905,968. The stock's 50-day moving average price is $115.30 and its 200 day moving average price is $119.08. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. The stock has a market cap of $12.71 billion, a price-to-earnings ratio of 79.41, a PEG ratio of 4.27 and a beta of 0.94. Camden Property Trust has a 1 year low of $91.95 and a 1 year high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share 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 3.32%. On average, equities analysts forecast that Camden Property Trust will post 6.8 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. Stockholders of record on Monday, March 31st will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's dividend payout ratio is currently 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.