Headlands Technologies LLC Boosts Stock Holdings in Camden Property Trust (NYSE:CPT)

Headlands Technologies LLC boosted its stake in Camden Property Trust (NYSE:CPT) by 24.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,485 shares of the real estate investment trust’s stock after purchasing an additional 1,094 shares during the quarter. Headlands Technologies LLC’s holdings in Camden Property Trust were worth $636,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Townsquare Capital LLC bought a new position in shares of Camden Property Trust during the 3rd quarter valued at approximately $294,000. Glenmede Trust Co. NA bought a new position in Camden Property Trust during the third quarter valued at $223,000. Caisse DE Depot ET Placement DU Quebec bought a new position in Camden Property Trust during the third quarter valued at $1,265,000. Paloma Partners Management Co purchased a new position in shares of Camden Property Trust in the 3rd quarter worth $315,000. Finally, HighTower Advisors LLC increased its holdings in shares of Camden Property Trust by 5.6% in the 3rd quarter. HighTower Advisors LLC now owns 57,856 shares of the real estate investment trust’s stock worth $7,138,000 after buying an additional 3,083 shares during the last quarter. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Trading Up 0.8 %

CPT opened at $122.93 on Thursday. Camden Property Trust has a 52 week low of $94.75 and a 52 week high of $127.69. The company has a market capitalization of $13.37 billion, a P/E ratio of 81.95, a PEG ratio of 4.41 and a beta of 0.94. The stock’s fifty day moving average is $119.18 and its two-hundred day moving average is $119.19. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, beating the consensus estimate of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. Analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Monday, March 31st. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s dividend payout ratio is presently 280.00%.

Insider Activity

In other Camden Property Trust news, Director Heather J. Brunner sold 264 shares of the stock in a transaction on Wednesday, January 8th. The stock was 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 approximately $1,130,646.38. This trade represents a 2.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard J. Campo sold 1,043 shares of the business’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 completion of the transaction, the chief executive officer now directly owns 299,092 shares of the company’s stock, valued at approximately $32,918,065.52. The trade was a 0.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,548 shares of company stock worth $2,912,212. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on CPT shares. Citigroup raised shares of Camden Property Trust from a “neutral” rating to a “buy” rating and increased their price target for the company from $125.00 to $138.00 in a report on Friday, March 28th. Stifel Nicolaus raised their price objective 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. Mizuho cut their target price on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a research report on Monday, January 6th. Barclays raised their price target on Camden Property Trust from $126.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Finally, Scotiabank boosted their price objective on shares of Camden Property Trust from $130.00 to $135.00 and gave the company a “sector perform” rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Camden Property Trust presently has an average rating of “Hold” and an average price target of $127.76.

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.