Camden Property Trust (NYSE:CPT) Shares Purchased by Cibc World Markets Corp

Cibc World Markets Corp boosted its position in Camden Property Trust (NYSE:CPT) by 12.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,907 shares of the real estate investment trust’s stock after purchasing an additional 5,244 shares during the period. Cibc World Markets Corp’s holdings in Camden Property Trust were worth $5,559,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CPT. Wellington Management Group LLP lifted its position in shares of Camden Property Trust by 86.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock valued at $243,952,000 after acquiring an additional 918,078 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Camden Property Trust by 508.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 946,417 shares of the real estate investment trust’s stock valued at $116,911,000 after acquiring an additional 790,974 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Camden Property Trust by 97.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust’s stock valued at $158,028,000 after acquiring an additional 630,768 shares during the last quarter. Heitman Real Estate Securities LLC lifted its position in shares of Camden Property Trust by 3,155.8% during the 3rd quarter. Heitman Real Estate Securities LLC now owns 449,295 shares of the real estate investment trust’s stock valued at $55,501,000 after acquiring an additional 435,495 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Camden Property Trust by 14.5% during the 3rd quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust’s stock valued at $407,324,000 after acquiring an additional 416,701 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Trading Up 0.2 %

Shares of NYSE:CPT opened at $119.82 on Thursday. The stock has a market capitalization of $12.79 billion, a PE ratio of 79.88, a P/E/G ratio of 4.41 and a beta of 0.94. Camden Property Trust has a 1 year low of $94.75 and a 1 year high of $127.69. The firm has a fifty day moving average price of $117.23 and a 200 day moving average price of $119.36. 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 (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 net margin of 10.58% and a return on equity of 3.35%. Analysts expect that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 31st. 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 yield of 3.51%. Camden Property Trust’s dividend payout ratio is currently 280.00%.

Insider Buying and Selling

In other Camden Property Trust news, CEO Richard J. Campo sold 1,043 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $114,792.58. Following the completion of the sale, the chief executive officer now directly owns 299,092 shares in the company, valued at $32,918,065.52. This represents a 0.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Heather J. Brunner sold 264 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $29,055.84. Following 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,548 shares of company stock worth $2,912,212. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CPT. Royal Bank of Canada increased 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. JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and cut their target price for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. Stifel Nicolaus boosted their target price on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a research note on Friday, February 7th. StockNews.com raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Evercore ISI boosted 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 research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, Camden Property Trust has a consensus rating of “Hold” and a consensus target price of $127.19.

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.