Nordea Investment Management AB Acquires 12,805 Shares of Camden Property Trust (NYSE:CPT)

Nordea Investment Management AB increased its holdings in Camden Property Trust (NYSE:CPT) by 15.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 97,907 shares of the real estate investment trust’s stock after purchasing an additional 12,805 shares during the period. Nordea Investment Management AB’s holdings in Camden Property Trust were worth $11,339,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the business. Everence Capital Management Inc. bought a new stake in shares of Camden Property Trust in the fourth quarter worth approximately $289,000. GAMMA Investing LLC boosted its holdings in Camden Property Trust by 11.8% in the fourth quarter. GAMMA Investing LLC now owns 3,087 shares of the real estate investment trust’s stock worth $358,000 after purchasing an additional 326 shares during the last quarter. Versant Capital Management Inc grew its position in Camden Property Trust by 77.7% in the 4th quarter. Versant Capital Management Inc now owns 716 shares of the real estate investment trust’s stock worth $83,000 after purchasing an additional 313 shares during the period. Principal Financial Group Inc. raised its stake in Camden Property Trust by 10.5% during the 3rd 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 during the last quarter. Finally, SMART Wealth LLC bought a new position in shares of Camden Property Trust during the 3rd quarter valued at $829,000. 97.22% of the stock is currently owned by institutional investors.

Insider Activity at Camden Property Trust

In other Camden Property Trust news, Director Heather J. Brunner sold 1,853 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $212,168.50. Following the completion of the transaction, the director now owns 10,537 shares in the company, valued at $1,206,486.50. This trade represents a 14.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Richard J. Campo sold 1,043 shares of Camden Property Trust stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $114,792.58. Following the completion of the sale, the chief executive officer now directly owns 299,092 shares in the company, valued at approximately $32,918,065.52. The trade was a 0.35 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,413 shares of company stock valued at $2,895,718. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on CPT shares. Mizuho cut 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. Barclays initiated coverage on Camden Property Trust in a research note on Tuesday, December 17th. They set an “overweight” rating and a $138.00 price target for the company. Stifel Nicolaus cut shares of Camden Property Trust from a “buy” rating to a “hold” rating and increased their price objective for the stock from $120.00 to $121.00 in a research note on Wednesday, November 13th. Evercore ISI boosted their target price on shares of Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Finally, Jefferies Financial Group began coverage on shares of Camden Property Trust in a research report on Friday, October 11th. They issued a “hold” rating and a $123.00 price target on the stock. 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 stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $126.75.

Camden Property Trust Trading Up 0.7 %

CPT stock opened at $111.05 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. Camden Property Trust has a 1-year low of $90.50 and a 1-year high of $127.69. The business has a 50 day simple moving average of $119.22 and a two-hundred day simple moving average of $118.52. The company has a market capitalization of $11.85 billion, a price-to-earnings ratio of 35.14, a PEG ratio of 4.40 and a beta of 0.94.

Camden Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Wednesday, December 18th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.71%. Camden Property Trust’s dividend payout ratio is 130.38%.

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.