Sawyer & Company Inc Reduces Stake in Camden Property Trust (NYSE:CPT)

Sawyer & Company Inc trimmed its position in shares of Camden Property Trust (NYSE:CPT) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,820 shares of the real estate investment trust’s stock after selling 407 shares during the quarter. Sawyer & Company Inc’s holdings in Camden Property Trust were worth $791,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. SMART Wealth LLC acquired a new stake in Camden Property Trust in the 3rd quarter valued at about $829,000. Nordea Investment Management AB lifted its stake in Camden Property Trust by 15.0% in the 4th quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust’s stock valued at $11,339,000 after buying an additional 12,805 shares in the last quarter. QRG Capital Management Inc. purchased a new position in Camden Property Trust during the third quarter worth $1,660,000. Franklin Resources Inc. lifted its position in shares of 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 valued at $23,174,000 after acquiring an additional 5,985 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position 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 worth $66,563,000 after purchasing an additional 51,097 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Insider Buying and Selling

In related news, Director Heather J. Brunner sold 264 shares of the company’s stock in a transaction 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 in the company, valued at $1,130,646.38. This represents a 2.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Alexander J. Jessett sold 1,862 shares of the 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 $204,931.72. Following the sale, the chief financial officer now directly owns 122,384 shares of the company’s stock, valued at approximately $13,469,583.04. The trade was a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,413 shares of company stock valued at $2,895,718 over the last three months. Company insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on CPT shares. Jefferies Financial Group began coverage on shares of Camden Property Trust in a research note on Friday, October 11th. They set a “hold” rating and a $123.00 price objective on the stock. Stifel Nicolaus cut shares of Camden Property Trust from a “buy” rating to a “hold” rating and raised their target price for the stock from $120.00 to $121.00 in a research report on Wednesday, November 13th. JPMorgan Chase & Co. cut shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. StockNews.com downgraded Camden Property Trust from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Finally, Mizuho reduced their price target on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a research report on Monday, January 6th. Two 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $126.75.

Camden Property Trust Trading Down 0.7 %

Shares of NYSE CPT opened at $111.78 on Thursday. Camden Property Trust has a 1-year low of $90.50 and a 1-year high of $127.69. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average of $118.61 and a two-hundred day moving average of $118.52. The company has a market cap of $11.92 billion, a PE ratio of 35.37, a P/E/G ratio of 4.39 and a beta of 0.92.

Camden Property Trust Announces Dividend

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 issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Wednesday, December 18th. Camden Property Trust’s dividend payout ratio is presently 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.