JPMorgan Chase & Co. Sells 172,349 Shares of Camden Property Trust (NYSE:CPT)

JPMorgan Chase & Co. cut its holdings in shares of Camden Property Trust (NYSE:CPT) by 9.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,589,826 shares of the real estate investment trust’s stock after selling 172,349 shares during the period. JPMorgan Chase & Co. owned about 1.49% of Camden Property Trust worth $184,483,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CPT. National Pension Service bought a new stake in shares of Camden Property Trust during the 4th quarter valued at approximately $26,000. UMB Bank n.a. grew its stake in shares of Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 98 shares during the last quarter. Quent Capital LLC lifted its stake in shares of Camden Property Trust by 87.0% in 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 during the last quarter. IAG Wealth Partners LLC acquired a new stake in shares of Camden Property Trust during the 4th quarter valued at $29,000. Finally, Neo Ivy Capital Management bought a new stake in Camden Property Trust during the 3rd quarter worth $38,000. Institutional investors and hedge funds own 97.22% of the company’s stock.

Insider Activity at Camden Property Trust

In other news, Director Heather J. Brunner sold 1,853 shares of the firm’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 $212,168.50. Following the transaction, the director now owns 10,537 shares in the company, valued at $1,206,486.50. This trade represents a 14.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard J. Campo sold 1,043 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $114,792.58. Following the sale, the chief executive officer now owns 299,092 shares of the company’s stock, valued at $32,918,065.52. This trade represents a 0.35 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,548 shares of company stock valued at $2,912,212. 1.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CPT shares. Stifel Nicolaus lifted their price target on Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a research note on Friday, February 7th. Royal Bank of Canada lifted their target price on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a “sector perform” rating in a research report on Monday, February 10th. Truist Financial upped their price target on shares of Camden Property Trust from $122.00 to $129.00 and gave the company a “buy” rating in a research report on Monday, March 10th. JPMorgan Chase & Co. lowered shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $129.00 to $128.00 in a report on Tuesday, December 17th. Finally, Barclays increased their price objective on Camden Property Trust from $126.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $127.76.

Camden Property Trust Stock Down 0.0 %

Shares of NYSE:CPT opened at $122.27 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. Camden Property Trust has a 52-week low of $94.75 and a 52-week high of $127.69. The business’s 50 day simple moving average is $118.76 and its two-hundred day simple moving average is $119.19. The firm has a market cap of $13.30 billion, a P/E ratio of 81.52, a PEG ratio of 4.41 and a beta of 0.94.

Camden Property Trust (NYSE:CPT) last issued its earnings results 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%. As a group, research analysts forecast that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently announced 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. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.43%. 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 dividend payout ratio is currently 280.00%.

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.