Coronation Fund Managers Ltd. Sells 20,445 Shares of Camden Property Trust (NYSE:CPT)

Coronation Fund Managers Ltd. trimmed its position in shares of Camden Property Trust (NYSE:CPT) by 24.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,907 shares of the real estate investment trust’s stock after selling 20,445 shares during the period. Coronation Fund Managers Ltd.’s holdings in Camden Property Trust were worth $7,416,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CPT. UMB Bank n.a. boosted its position in shares of Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 98 shares during the period. Neo Ivy Capital Management purchased a new position in Camden Property Trust during the 3rd quarter valued at $38,000. MassMutual Private Wealth & Trust FSB grew its position in Camden Property Trust by 117.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 206 shares during the last quarter. American Capital Advisory LLC grew its position in Camden Property Trust by 42.7% in the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 128 shares during the last quarter. Finally, Sentry Investment Management LLC purchased a new stake in Camden Property Trust in the third quarter worth $62,000. 97.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Mizuho lowered their target price on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. Stifel Nicolaus boosted their price objective on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a research report on Friday. StockNews.com lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Wells Fargo & Company decreased their price target on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. cut Camden Property Trust from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $129.00 to $128.00 in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Camden Property Trust currently has an average rating of “Hold” and a consensus price target of $125.42.

Camden Property Trust Price Performance

CPT opened at $119.33 on Monday. The firm has a market capitalization of $12.73 billion, a PE ratio of 79.55, a price-to-earnings-growth ratio of 4.27 and a beta of 0.94. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. The business’s 50-day moving average is $115.51 and its two-hundred day moving average is $118.97. Camden Property Trust has a 1 year low of $90.50 and a 1 year high of $127.69.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.32%. 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 disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 3.52%. 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 currently 274.67%.

Insider Transactions at Camden Property Trust

In other Camden Property Trust news, CEO Richard J. Campo sold 7,324 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $838,598.00. Following the transaction, the chief executive officer now owns 300,135 shares in the company, valued at approximately $34,365,457.50. This represents a 2.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Alexander J. Jessett sold 13,067 shares of Camden Property Trust stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $1,496,171.50. Following the sale, the chief financial officer now owns 124,246 shares of the company’s stock, valued at $14,226,167. The trade was a 9.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,413 shares of company stock valued at $2,895,718 in the last quarter. 1.80% of the stock is currently owned by corporate insiders.

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.