Nisa Investment Advisors LLC Lowers Stock Holdings in Camden Property Trust (NYSE:CPT)

Nisa Investment Advisors LLC lessened its stake in Camden Property Trust (NYSE:CPT) by 5.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,079 shares of the real estate investment trust’s stock after selling 3,329 shares during the period. Nisa Investment Advisors LLC owned 0.06% of Camden Property Trust worth $7,154,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its stake in shares of Camden Property Trust by 0.5% during the third quarter. State Street Corp now owns 7,118,930 shares of the real estate investment trust’s stock worth $886,693,000 after purchasing an additional 36,528 shares during the last quarter. FMR LLC lifted its stake in shares of Camden Property Trust by 14.5% in the 3rd quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust’s stock worth $407,324,000 after acquiring an additional 416,701 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Camden Property Trust by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,739,831 shares of the real estate investment trust’s stock valued at $337,394,000 after acquiring an additional 20,097 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Camden Property Trust by 86.9% during the third quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock worth $243,952,000 after acquiring an additional 918,078 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Camden Property Trust by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,498,742 shares of the real estate investment trust’s stock worth $185,140,000 after purchasing an additional 51,742 shares in the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Trading Up 0.6 %

Camden Property Trust stock opened at $110.62 on Friday. The stock has a 50-day moving average price of $117.32 and a 200 day moving average price of $118.63. Camden Property Trust has a 52 week low of $90.50 and a 52 week high of $127.69. The stock has a market cap of $11.80 billion, a PE ratio of 35.01, a P/E/G ratio of 4.03 and a beta of 0.94. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72.

Camden Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Wednesday, December 18th. Camden Property Trust’s dividend payout ratio is presently 130.38%.

Insider Activity

In related news, CFO Alexander J. Jessett sold 13,067 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 124,246 shares in the company, valued at approximately $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 can be accessed through the SEC website. Also, Director Heather J. Brunner sold 264 shares of Camden Property Trust stock in a transaction dated 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 of the company’s stock, valued at $1,130,646.38. This trade represents a 2.51 % decrease in their position. 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 90 days. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Stifel Nicolaus lowered Camden Property Trust from a “buy” rating to a “hold” rating and lifted their price objective for the company from $120.00 to $121.00 in a report on Wednesday, November 13th. Mizuho dropped their price objective on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. StockNews.com cut Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Wells Fargo & Company decreased their target price on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, Scotiabank cut their price target on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. Two investment 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. Based on data from MarketBeat.com, Camden Property Trust currently has an average rating of “Hold” and an average target price of $125.36.

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.