Choreo LLC acquired a new stake in shares of Camden Property Trust (NYSE:CPT – Free Report) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 1,760 shares of the real estate investment trust’s stock, valued at approximately $202,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. State Street Corp boosted its holdings in shares of Camden Property Trust by 0.5% in the 3rd quarter. State Street Corp now owns 7,118,930 shares of the real estate investment trust’s stock worth $886,693,000 after purchasing an additional 36,528 shares in the last quarter. FMR LLC boosted its position in shares of Camden Property Trust by 14.5% during the third quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust’s stock valued at $407,324,000 after buying an additional 416,701 shares during the last quarter. Geode Capital Management LLC boosted its position in Camden Property Trust by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,739,831 shares of the real estate investment trust’s stock worth $337,394,000 after purchasing an additional 20,097 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Camden Property Trust by 86.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock valued at $243,952,000 after buying an additional 918,078 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Camden Property Trust by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,498,742 shares of the real estate investment trust’s stock valued at $185,140,000 after purchasing an additional 51,742 shares during the period. 97.22% of the stock is currently owned by institutional investors.
Insider Activity at Camden Property Trust
In other news, CEO Richard J. Campo sold 7,324 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $838,598.00. Following the transaction, the chief executive officer now directly owns 300,135 shares of the company’s stock, valued at approximately $34,365,457.50. This represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Heather J. Brunner sold 264 shares of the stock in a transaction dated 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 transaction, the director now directly owns 10,273 shares in the company, valued at $1,130,646.38. This represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,413 shares of company stock valued at $2,895,718 in the last ninety days. Corporate insiders own 1.80% of the company’s stock.
Camden Property Trust Trading Down 0.0 %
CPT opened at $119.11 on Friday. The firm has a market cap of $12.71 billion, a price-to-earnings ratio of 79.41, a PEG ratio of 4.27 and a beta of 0.94. 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 has a 12 month low of $92.26 and a 12 month high of $127.69. The stock has a fifty day moving average price of $115.19 and a 200-day moving average price of $119.17.
Camden Property Trust (NYSE:CPT – Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, topping the consensus estimate of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.32% and a net margin of 10.58%. As a group, equities research analysts anticipate that Camden Property Trust will post 6.8 earnings per share for the current fiscal year.
Camden Property Trust Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a dividend of $1.05 per share. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Monday, March 31st. Camden Property Trust’s dividend payout ratio is currently 274.67%.
Analysts Set New Price Targets
CPT has been the topic of several analyst reports. Evercore ISI boosted their target price on Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. Barclays cut their target price on Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. JPMorgan Chase & Co. downgraded Camden Property Trust from a “neutral” rating to an “underweight” rating and cut their target price for the company from $129.00 to $128.00 in a research report on Tuesday, December 17th. Scotiabank boosted their target price on Camden Property Trust from $130.00 to $135.00 and gave the company a “sector perform” rating in a research report on Friday. Finally, Stifel Nicolaus boosted their price objective on Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Camden Property Trust currently has an average rating of “Hold” and a consensus price target of $126.31.
Get Our Latest Analysis on CPT
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.
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