Camden Property Trust (NYSE:CPT) Shares Bought by First American Bank

First American Bank boosted its position in Camden Property Trust (NYSE:CPT) by 1.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,846 shares of the real estate investment trust’s stock after buying an additional 104 shares during the period. First American Bank’s holdings in Camden Property Trust were worth $1,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in CPT. National Pension Service acquired a new stake in shares of Camden Property Trust in the fourth quarter valued at about $26,000. UMB Bank n.a. grew its stake in Camden Property Trust by 76.6% in the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 98 shares during the last quarter. Quent Capital LLC increased its holdings in Camden Property Trust by 87.0% during the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 114 shares in the last quarter. Neo Ivy Capital Management purchased a new position in Camden Property Trust during the 3rd quarter valued at about $38,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in Camden Property Trust by 117.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Insider Buying and Selling

In other Camden Property Trust news, CFO Alexander J. Jessett sold 13,067 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $1,496,171.50. Following the completion of the sale, the chief financial officer now directly owns 124,246 shares in the company, valued at $14,226,167. This represents a 9.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Richard J. Campo sold 7,324 shares of Camden Property Trust stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total value 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 trade represents a 2.38 % 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 over the last 90 days. 1.90% of the stock is currently owned by company insiders.

Camden Property Trust Stock Up 1.6 %

Shares of Camden Property Trust stock opened at $123.09 on Friday. The stock has a market capitalization of $13.14 billion, a price-to-earnings ratio of 82.06, a PEG ratio of 4.41 and a beta of 0.94. The business’s 50 day simple moving average is $115.27 and its 200-day simple moving average is $119.38. 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 twelve month low of $92.45 and a twelve month 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 return on equity of 3.35% and a net margin of 10.58%. 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a dividend of $1.05 per share. This is a boost 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 3.41%. The ex-dividend date is Monday, March 31st. Camden Property Trust’s payout ratio is currently 280.00%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Mizuho dropped their price target on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a research report on Monday, January 6th. Evercore ISI boosted their price target 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. JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $129.00 to $128.00 in a research note on Tuesday, December 17th. Barclays lifted their target price on shares of Camden Property Trust from $126.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Finally, Royal Bank of Canada raised their price objective on Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Camden Property Trust has a consensus rating of “Hold” and a consensus target price of $126.53.

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.