Wolverine Asset Management LLC Increases Position in Camden Property Trust (NYSE:CPT)

Wolverine Asset Management LLC lifted its position in Camden Property Trust (NYSE:CPT) by 537.1% in the fourth quarter, Holdings Channel reports. The firm owned 10,601 shares of the real estate investment trust’s stock after buying an additional 8,937 shares during the period. Wolverine Asset Management LLC’s holdings in Camden Property Trust were worth $1,230,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CPT. UMB Bank n.a. boosted its holdings in shares of Camden Property Trust by 76.6% in the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 98 shares during the period. Quent Capital LLC boosted its holdings in shares of Camden Property Trust by 87.0% in the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 114 shares during the period. Neo Ivy Capital Management purchased a new stake in shares of Camden Property Trust in the third quarter valued at approximately $38,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Camden Property Trust by 117.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 206 shares during the period. Finally, American Capital Advisory LLC boosted its holdings in shares of Camden Property Trust by 42.7% in the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 128 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Wall Street Analysts Forecast Growth

CPT has been the subject of a number of research reports. JPMorgan Chase & Co. lowered Camden Property Trust from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $129.00 to $128.00 in a report on Tuesday, December 17th. Stifel Nicolaus upped their target price on Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a report on Friday, February 7th. Royal Bank of Canada upped their target price on Camden Property Trust from $121.00 to $123.00 and gave the stock a “sector perform” rating in a report on Monday, February 10th. Evercore ISI upped their target price on Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Finally, Scotiabank upped their target price on Camden Property Trust from $130.00 to $135.00 and gave the stock a “sector perform” rating in a report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $126.53.

Camden Property Trust Price Performance

NYSE CPT opened at $119.93 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The stock’s fifty day moving average price is $115.03 and its 200 day moving average price is $119.32. Camden Property Trust has a 1 year low of $92.26 and a 1 year high of $127.69. The company has a market cap of $12.79 billion, a price-to-earnings ratio of 79.95, a PEG ratio of 4.41 and a beta of 0.94.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. As a group, equities research analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The company 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 $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 3.50%. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, March 31st. Camden Property Trust’s dividend payout ratio is presently 274.67%.

Insider Activity at Camden Property Trust

In other Camden Property Trust news, CFO Alexander J. Jessett sold 13,067 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 transaction of $1,496,171.50. Following the sale, the chief financial officer now directly owns 124,246 shares of the company’s stock, valued at approximately $14,226,167. This trade represents a 9.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Heather J. Brunner sold 1,853 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 $212,168.50. Following the sale, the director now directly owns 10,537 shares in the company, valued at $1,206,486.50. This represents a 14.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,413 shares of company stock valued at $2,895,718 in the last ninety days. Company insiders own 1.80% of the company’s stock.

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.