Camden Property Trust (NYSE:CPT) Stake Boosted by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its holdings in Camden Property Trust (NYSE:CPT) by 220.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 558 shares of the real estate investment trust’s stock after purchasing an additional 384 shares during the period. Jones Financial Companies Lllp’s holdings in Camden Property Trust were worth $65,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. SMART Wealth LLC bought a new stake in Camden Property Trust in the third quarter worth $829,000. Nordea Investment Management AB boosted its holdings in Camden Property Trust by 15.0% in 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 purchasing an additional 12,805 shares in the last quarter. Franklin Resources Inc. boosted its holdings in 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 worth $23,174,000 after purchasing an additional 5,985 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in 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 worth $66,563,000 after purchasing an additional 51,097 shares in the last quarter. Finally, Atomi Financial Group Inc. boosted its holdings in Camden Property Trust by 7.7% in the fourth quarter. Atomi Financial Group Inc. now owns 2,335 shares of the real estate investment trust’s stock worth $271,000 after purchasing an additional 166 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors.

Camden Property Trust Stock Performance

NYSE:CPT opened at $120.24 on Tuesday. Camden Property Trust has a 12-month low of $94.75 and a 12-month high of $127.69. 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 firm has a market capitalization of $12.84 billion, a PE ratio of 80.16, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. The firm has a 50-day moving average price of $116.87 and a 200 day moving average price of $119.39.

Camden Property Trust (NYSE:CPT) last posted its quarterly 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%. Research analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s dividend payout ratio is 280.00%.

Wall Street Analysts Forecast Growth

CPT has been the subject of a number of recent research reports. Barclays upped their price objective on shares of Camden Property Trust from $126.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Stifel Nicolaus boosted their target price on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. Scotiabank boosted their target price on shares of Camden Property Trust from $130.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Friday, February 14th. Evercore ISI boosted their target price on shares of Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. Finally, Jefferies Financial Group raised shares of Camden Property Trust from a “hold” rating to a “buy” rating and boosted their target price for the stock from $117.00 to $139.00 in a research report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $127.19.

Insider Buying and Selling

In other Camden Property Trust news, Director Heather J. Brunner sold 264 shares of the company’s 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 sale, the director now directly owns 10,273 shares of the company’s stock, valued at approximately $1,130,646.38. This represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard J. Campo sold 7,324 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 $838,598.00. Following the sale, the chief executive officer now directly owns 300,135 shares in the company, valued at $34,365,457.50. This represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,548 shares of company stock valued at $2,912,212 over the last quarter. Corporate 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.