Y Intercept Hong Kong Ltd Takes Position in Camden Property Trust (NYSE:CPT)

Y Intercept Hong Kong Ltd bought a new position in Camden Property Trust (NYSE:CPT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,278 shares of the real estate investment trust's stock, valued at approximately $496,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. SMART Wealth LLC acquired a new position in shares of Camden Property Trust in the 3rd quarter worth approximately $829,000. Nordea Investment Management AB boosted its holdings in Camden Property Trust by 15.0% during the fourth quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust's stock worth $11,339,000 after buying an additional 12,805 shares in the last quarter. QRG Capital Management Inc. acquired a new position in Camden Property Trust in the third quarter worth approximately $1,660,000. Franklin Resources Inc. increased its holdings in shares of Camden Property Trust by 3.2% in the third quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust's stock valued at $23,174,000 after buying an additional 5,985 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Camden Property Trust by 10.5% in the third quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust's stock valued at $66,563,000 after buying an additional 51,097 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CPT shares. Mizuho cut their target price on 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. JPMorgan Chase & Co. lowered shares of Camden Property Trust from a "neutral" rating to an "underweight" rating and decreased their target price for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. Royal Bank of Canada boosted their target price 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. Stifel Nicolaus raised their price objective on Camden Property Trust from $121.00 to $122.00 and gave the company a "hold" rating in a research note on Friday, February 7th. Finally, Scotiabank lifted 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 research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Camden Property Trust presently has a consensus rating of "Hold" and a consensus price target of $126.53.

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Insider Activity

In related news, Director Heather J. Brunner sold 264 shares of Camden Property Trust stock in a transaction dated 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. This trade represents a 2.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Alexander J. Jessett sold 13,067 shares of the company's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $1,496,171.50. Following the sale, the chief financial officer now directly owns 124,246 shares in the company, valued at $14,226,167. This represents a 9.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,413 shares of company stock worth $2,895,718. Company insiders own 1.80% of the company's stock.

Camden Property Trust Stock Performance

CPT stock traded down $3.08 during trading on Thursday, reaching $121.34. 249,092 shares of the stock were exchanged, compared to its average volume of 873,635. Camden Property Trust has a twelve month low of $94.75 and a twelve month high of $127.69. 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 company has a market capitalization of $12.95 billion, a P/E ratio of 80.88, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. The stock has a 50 day simple moving average of $116.16 and a 200-day simple moving average of $119.53.

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 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, sell-side analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current 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 paid a dividend of $1.05 per share. This is a boost from Camden Property Trust's previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a yield of 3.46%. Camden Property Trust's dividend payout ratio (DPR) is currently 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.