Commonwealth Equity Services LLC Raises Stock Position in Camden Property Trust (NYSE:CPT)

Commonwealth Equity Services LLC grew its holdings in Camden Property Trust (NYSE:CPT) by 6.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 7,350 shares of the real estate investment trust’s stock after acquiring an additional 461 shares during the period. Commonwealth Equity Services LLC’s holdings in Camden Property Trust were worth $853,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CPT. SMART Wealth LLC purchased a new position in Camden Property Trust in the 3rd quarter worth approximately $829,000. Nordea Investment Management AB lifted its holdings in shares of 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 buying an additional 12,805 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Camden Property Trust by 3.2% during the third quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust’s stock worth $23,174,000 after acquiring an additional 5,985 shares during the last quarter. Principal Financial Group Inc. grew its stake in Camden Property Trust by 10.5% during 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 acquiring an additional 51,097 shares in the last quarter. Finally, Atomi Financial Group Inc. grew its stake in Camden Property Trust by 7.7% during the fourth quarter. Atomi Financial Group Inc. now owns 2,335 shares of the real estate investment trust’s stock valued at $271,000 after acquiring an additional 166 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

Insider Transactions at Camden Property Trust

In other news, CFO Alexander J. Jessett sold 1,862 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $204,931.72. Following the transaction, the chief financial officer now directly owns 122,384 shares of the company’s stock, valued at approximately $13,469,583.04. This trade represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Heather J. Brunner sold 264 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $29,055.84. Following the completion of the sale, the director now owns 10,273 shares of the company’s stock, valued at $1,130,646.38. The trade was a 2.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,548 shares of company stock worth $2,912,212. 1.80% of the stock is currently owned by insiders.

Camden Property Trust Price Performance

CPT stock opened at $121.75 on Wednesday. The stock has a market cap of $13.25 billion, a PE ratio of 81.17, a P/E/G ratio of 4.41 and a beta of 0.94. Camden Property Trust has a 12 month low of $94.75 and a 12 month high of $127.69. The company has a 50-day moving average price of $118.94 and a 200 day moving average price of $119.16. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73.

Camden Property Trust (NYSE:CPT) last announced its 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 return on equity of 3.35% and a net margin of 10.58%. Equities research 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 announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a $1.05 dividend. This is a positive change 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 3.45%. Camden Property Trust’s dividend payout ratio (DPR) is presently 280.00%.

Analyst Ratings Changes

CPT has been the topic of several research analyst reports. StockNews.com upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, March 18th. Scotiabank increased their price target on 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 Camden Property Trust from a “neutral” rating to an “underweight” rating and cut their price target for the company from $129.00 to $128.00 in a report on Tuesday, December 17th. Mizuho lowered their target price on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a research report on Monday, January 6th. Finally, Truist Financial raised their target price on shares of Camden Property Trust from $122.00 to $129.00 and gave the company a “buy” rating in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Camden Property Trust currently has a consensus rating of “Hold” and an average price target of $127.76.

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.