Camden Property Trust (NYSE:CPT) Shares Sold by Pensionfund DSM Netherlands

Pensionfund DSM Netherlands cut its stake in Camden Property Trust (NYSE:CPT) by 25.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,086 shares of the real estate investment trust’s stock after selling 6,500 shares during the period. Camden Property Trust makes up approximately 1.4% of Pensionfund DSM Netherlands’ investment portfolio, making the stock its 24th biggest position. Pensionfund DSM Netherlands’ holdings in Camden Property Trust were worth $2,215,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SMART Wealth LLC bought a new position in Camden Property Trust during the 3rd quarter valued at $829,000. QRG Capital Management Inc. acquired a new position in Camden Property Trust during the third quarter worth about $1,660,000. Franklin Resources Inc. lifted its holdings in Camden Property Trust by 3.2% in the 3rd quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust’s stock valued at $23,174,000 after acquiring an additional 5,985 shares during the last quarter. Principal Financial Group Inc. grew its position 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 buying an additional 51,097 shares during the last quarter. Finally, Stoneridge Investment Partners LLC purchased a new stake in shares of Camden Property Trust in the third quarter worth approximately $2,913,000. Institutional investors own 97.22% of the company’s stock.

Wall Street Analysts Forecast Growth

CPT has been the topic of several analyst reports. Barclays began coverage on shares of Camden Property Trust in a research report on Tuesday, December 17th. They set an “overweight” rating and a $138.00 target price on the stock. Mizuho cut their price objective on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a research note on Monday. StockNews.com cut Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Scotiabank dropped their price target on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. cut Camden Property Trust from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $129.00 to $128.00 in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $126.75.

Camden Property Trust Trading Down 0.4 %

Shares of NYSE:CPT traded down $0.48 during trading on Monday, hitting $116.59. 39,798 shares of the company’s stock were exchanged, compared to its average volume of 368,521. The firm has a 50-day moving average price of $119.47 and a two-hundred day moving average price of $118.42. Camden Property Trust has a 1-year low of $90.50 and a 1-year high of $127.69. The firm has a market cap of $12.44 billion, a P/E ratio of 36.90, a PEG ratio of 4.40 and a beta of 0.92. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72.

Camden Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Wednesday, December 18th. Camden Property Trust’s payout ratio is 130.38%.

Camden Property Trust 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.