Zurcher Kantonalbank Zurich Cantonalbank Has $10.89 Million Stock Position in Camden Property Trust (NYSE:CPT)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 25.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 93,832 shares of the real estate investment trust's stock after purchasing an additional 19,181 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.09% of Camden Property Trust worth $10,888,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. UMB Bank n.a. boosted its holdings in shares of Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 98 shares during the period. First American Bank boosted its holdings in shares of Camden Property Trust by 1.0% during the fourth quarter. First American Bank now owns 10,846 shares of the real estate investment trust's stock worth $1,259,000 after purchasing an additional 104 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Camden Property Trust by 2.5% during the fourth quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust's stock worth $499,000 after purchasing an additional 105 shares during the period. Verdence Capital Advisors LLC boosted its holdings in shares of Camden Property Trust by 5.0% during the third quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust's stock worth $294,000 after purchasing an additional 113 shares during the period. Finally, Doliver Advisors LP boosted its holdings in shares of Camden Property Trust by 6.7% during the fourth quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust's stock worth $209,000 after purchasing an additional 113 shares during the period. 97.22% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of analysts have issued reports on CPT shares. Scotiabank lifted their target price on shares of Camden Property Trust from $130.00 to $135.00 and gave the company a "sector perform" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. cut shares of Camden Property Trust from a "neutral" rating to an "underweight" rating and reduced their target price for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. Wells Fargo & Company reduced their target price 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. Stifel Nicolaus lifted their target price 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. Finally, Mizuho reduced their price objective on shares of 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. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Camden Property Trust presently has an average rating of "Hold" and a consensus target price of $127.19.

Camden Property Trust Stock Performance

Camden Property Trust stock traded up $1.48 on Friday, hitting $118.23. The company's stock had a trading volume of 1,018,398 shares, compared to its average volume of 859,294. The firm has a market cap of $12.62 billion, a P/E ratio of 78.82, a price-to-earnings-growth 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 moving average price of $116.74 and a 200-day moving average price of $119.46. Camden Property Trust has a one year low of $94.75 and a one year high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating 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 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 issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 3.55%. The ex-dividend date is Monday, March 31st. This is a positive change from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's payout ratio is 280.00%.

Insider Buying and Selling at Camden Property Trust

In other news, Director Heather J. Brunner sold 1,853 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $212,168.50. Following the sale, the director now owns 10,537 shares of the company's stock, valued at approximately $1,206,486.50. This represents a 14.96 % 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, 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 completion of the sale, the chief financial officer now directly owns 124,246 shares in the company, valued at approximately $14,226,167. The trade was a 9.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,548 shares of company stock valued at $2,912,212 in the last 90 days. 1.80% of the stock is currently owned by company insiders.

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.