Vanderbilt University Purchases 2,619 Shares of Camden Property Trust (NYSE:CPT)

Vanderbilt University boosted its holdings in shares of Camden Property Trust (NYSE:CPT) by 52.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,591 shares of the real estate investment trust’s stock after acquiring an additional 2,619 shares during the period. Vanderbilt University’s holdings in Camden Property Trust were worth $881,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Marshall Wace LLP bought a new position in shares of Camden Property Trust during the 2nd quarter valued at about $696,000. Truist Financial Corp raised its holdings in Camden Property Trust by 3.4% during the 2nd quarter. Truist Financial Corp now owns 18,105 shares of the real estate investment trust’s stock worth $1,975,000 after buying an additional 599 shares during the period. Sanctuary Advisors LLC bought a new position in Camden Property Trust in the second quarter valued at approximately $1,257,000. Handelsbanken Fonder AB boosted its holdings in shares of Camden Property Trust by 45.4% in the third quarter. Handelsbanken Fonder AB now owns 31,700 shares of the real estate investment trust’s stock valued at $3,916,000 after buying an additional 9,900 shares during the period. Finally, Czech National Bank increased its position in shares of Camden Property Trust by 7.0% during the third quarter. Czech National Bank now owns 21,722 shares of the real estate investment trust’s stock worth $2,683,000 after acquiring an additional 1,420 shares in the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

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 on Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $838,598.00. Following the transaction, the chief executive officer now directly owns 300,135 shares of the company’s stock, valued at $34,365,457.50. This represents a 2.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Alexander J. Jessett sold 1,862 shares of Camden Property Trust stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $204,931.72. Following the sale, the chief financial officer now directly owns 122,384 shares of the company’s stock, valued at $13,469,583.04. This represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,413 shares of company stock worth $2,895,718. 1.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CPT shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $121.00 price objective on shares of Camden Property Trust in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. lowered Camden Property Trust from a “neutral” rating to an “underweight” rating and cut their price target for the company from $129.00 to $128.00 in a report on Tuesday, December 17th. Scotiabank decreased their price objective on 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. Mizuho lowered their price objective on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. Finally, Wells Fargo & Company lowered their target price on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $125.36.

Camden Property Trust Stock Up 1.8 %

CPT opened at $116.34 on Thursday. The stock’s fifty day simple moving average is $115.82 and its 200 day simple moving average is $118.86. Camden Property Trust has a 1-year low of $90.50 and a 1-year high of $127.69. The stock has a market cap of $12.41 billion, a PE ratio of 36.82, a price-to-earnings-growth ratio of 4.13 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 Dividend Announcement

The business 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 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend was Wednesday, December 18th. Camden Property Trust’s payout ratio is presently 130.38%.

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.