Camden Property Trust (NYSE:CPT) Holdings Raised by CIBC Asset Management Inc

CIBC Asset Management Inc increased its stake in Camden Property Trust (NYSE:CPT) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,924 shares of the real estate investment trust’s stock after purchasing an additional 756 shares during the quarter. CIBC Asset Management Inc’s holdings in Camden Property Trust were worth $1,964,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Creative Planning lifted its stake in shares of Camden Property Trust by 5.3% in the 3rd quarter. Creative Planning now owns 9,012 shares of the real estate investment trust’s stock worth $1,113,000 after acquiring an additional 453 shares during the period. Blue Trust Inc. lifted its position in Camden Property Trust by 367.8% in the third quarter. Blue Trust Inc. now owns 931 shares of the real estate investment trust’s stock worth $115,000 after purchasing an additional 732 shares during the period. Raymond James & Associates boosted its stake in Camden Property Trust by 12.5% during the 3rd quarter. Raymond James & Associates now owns 112,548 shares of the real estate investment trust’s stock valued at $13,903,000 after purchasing an additional 12,493 shares in the last quarter. Private Advisor Group LLC acquired a new position in shares of Camden Property Trust during the 3rd quarter valued at $210,000. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in shares of Camden Property Trust in the 3rd quarter worth $205,000. Institutional investors own 97.22% of the company’s stock.

Insider Buying and Selling

In other Camden Property Trust news, Director Heather J. Brunner sold 264 shares of the company’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $29,055.84. Following the transaction, the director now directly owns 10,273 shares of the company’s stock, valued at $1,130,646.38. This represents a 2.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Alexander J. Jessett sold 13,067 shares of Camden Property Trust stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $1,496,171.50. Following the sale, the chief financial officer now owns 124,246 shares of the company’s stock, valued at approximately $14,226,167. This represents a 9.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,413 shares of company stock worth $2,895,718. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

CPT has been the subject of several research reports. Mizuho decreased their target price on 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. Wells Fargo & Company reduced their price objective on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Barclays boosted their target price on shares of Camden Property Trust from $126.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday. JPMorgan Chase & Co. cut shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $129.00 to $128.00 in a report on Tuesday, December 17th. Finally, Stifel Nicolaus upped their price target on Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $126.53.

Camden Property Trust Trading Down 0.8 %

Shares of NYSE CPT opened at $119.93 on Friday. 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 has a one year low of $92.26 and a one year high of $127.69. The business has a 50-day moving average price of $115.03 and a two-hundred day moving average price of $119.31. The firm has a market capitalization of $12.79 billion, a PE ratio of 79.95, a PEG ratio of 4.34 and a beta of 0.94.

Camden Property Trust (NYSE:CPT) last posted 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 net margin of 10.58% and a return on equity of 3.35%. As a group, analysts predict that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be paid a $1.05 dividend. The ex-dividend date is Monday, March 31st. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.50%. Camden Property Trust’s dividend payout ratio is 274.67%.

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.