Andra AP fonden Lowers Stock Position in Camden Property Trust (NYSE:CPT)

Andra AP fonden decreased its holdings in Camden Property Trust (NYSE:CPT) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,800 shares of the real estate investment trust’s stock after selling 9,800 shares during the quarter. Andra AP fonden owned about 0.12% of Camden Property Trust worth $14,482,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CPT. Private Advisor Group LLC purchased a new position in Camden Property Trust during the 3rd quarter worth $210,000. Wealth Enhancement Advisory Services LLC grew its position in Camden Property Trust by 5.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,000 shares of the real estate investment trust’s stock worth $371,000 after purchasing an additional 155 shares during the last quarter. US Bancorp DE grew its position in Camden Property Trust by 19.9% during the 3rd quarter. US Bancorp DE now owns 8,370 shares of the real estate investment trust’s stock worth $1,034,000 after purchasing an additional 1,387 shares during the last quarter. Van ECK Associates Corp grew its position in Camden Property Trust by 10.6% during the 3rd quarter. Van ECK Associates Corp now owns 49,730 shares of the real estate investment trust’s stock worth $5,999,000 after purchasing an additional 4,778 shares during the last quarter. Finally, QRG Capital Management Inc. purchased a new position in Camden Property Trust during the 3rd quarter worth $1,660,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Insider Activity

In related news, CFO Alexander J. Jessett sold 13,067 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now directly owns 124,246 shares in the company, valued at approximately $14,226,167. The trade was a 9.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Heather J. Brunner sold 264 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $29,055.84. Following the completion of the sale, the director now owns 10,273 shares of the company’s stock, valued at approximately $1,130,646.38. The trade was a 2.51 % decrease in their ownership of the stock. 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.

Analysts Set New Price Targets

CPT has been the topic of several analyst reports. Stifel Nicolaus lifted their target price on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a report on Friday, February 7th. 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. Evercore ISI lifted their target price on shares of Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a report on Monday, February 10th. Wells Fargo & Company lowered 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 report on Friday, January 24th. Finally, Mizuho reduced their price objective on shares of 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. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Camden Property Trust has a consensus rating of “Hold” and an average price target of $126.53.

Camden Property Trust Stock Performance

Shares of CPT opened at $121.38 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. The stock has a market cap of $12.96 billion, a P/E ratio of 80.92, a PEG ratio of 4.41 and a beta of 0.94. The company has a 50-day moving average of $116.27 and a two-hundred day moving average of $119.55. Camden Property Trust has a 12-month low of $94.75 and a 12-month high of $127.69.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates 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, research analysts predict that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s payout ratio is currently 280.00%.

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.