Wellington Management Group LLP Grows Holdings in Camden Property Trust (NYSE:CPT)

Wellington Management Group LLP raised its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,078,944 shares of the real estate investment trust's stock after purchasing an additional 104,102 shares during the quarter. Wellington Management Group LLP owned 1.95% of Camden Property Trust worth $241,241,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CPT. National Pension Service purchased a new position in shares of Camden Property Trust in the 4th quarter valued at about $26,000. UMB Bank n.a. increased 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 valued at $26,000 after buying an additional 98 shares in the last quarter. Quent Capital LLC lifted its position in shares of Camden Property Trust by 87.0% during the 4th 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 during the period. IAG Wealth Partners LLC purchased a new stake in shares of Camden Property Trust during the 4th quarter worth approximately $29,000. Finally, Neo Ivy Capital Management acquired a new stake in shares of Camden Property Trust in the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 97.22% of the company's stock.

Wall Street Analyst Weigh In

CPT has been the subject of several research reports. 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 report on Monday, January 6th. Barclays lifted their price target on Camden Property Trust from $126.00 to $130.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Truist Financial increased their price objective on shares of Camden Property Trust from $122.00 to $129.00 and gave the company a "buy" rating in a research note on Monday, March 10th. Citigroup upgraded shares of Camden Property Trust from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $125.00 to $138.00 in a research report on Friday, March 28th. Finally, StockNews.com upgraded shares of Camden Property Trust from a "sell" rating to a "hold" rating in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $127.76.

Camden Property Trust Trading Down 7.1 %

NYSE:CPT traded down $8.48 during mid-day trading on Friday, reaching $110.41. The company's stock had a trading volume of 1,960,211 shares, compared to its average volume of 901,415. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The stock has a market cap of $12.01 billion, a P/E ratio of 73.61, a P/E/G ratio of 4.41 and a beta of 0.79. The company's fifty day simple moving average is $119.35 and its two-hundred day simple moving average is $119.01. Camden Property Trust has a twelve month low of $94.75 and a twelve month high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last released 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 net margin of 10.58% and a return on equity of 3.35%. On average, equities analysts predict that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.80%. This is an increase from Camden Property Trust's previous quarterly dividend of $1.03. The ex-dividend date is Monday, March 31st. Camden Property Trust's dividend payout ratio is presently 280.00%.

Insider Transactions at Camden Property Trust

In other Camden Property Trust news, CFO Alexander J. Jessett sold 13,067 shares of the business'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 transaction of $1,496,171.50. Following the completion of the sale, the chief financial officer now directly owns 124,246 shares in the company, valued at $14,226,167. The trade was a 9.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard J. Campo sold 1,043 shares of Camden Property Trust 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 transaction, the chief executive officer now owns 299,092 shares in the company, valued at $32,918,065.52. The trade was a 0.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,548 shares of company stock worth $2,912,212 in the last ninety days. 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.