Camden Property Trust (NYSE:CPT) Stock Position Trimmed by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd trimmed its position in shares of Camden Property Trust (NYSE:CPT) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,341 shares of the real estate investment trust’s stock after selling 212 shares during the period. Gulf International Bank UK Ltd’s holdings in Camden Property Trust were worth $967,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Advisor Group LLC acquired a new position in Camden Property Trust during the 3rd quarter worth $210,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Camden Property Trust by 5.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,000 shares of the real estate investment trust’s stock valued at $371,000 after purchasing an additional 155 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in Camden Property Trust by 8.2% in the third quarter. New York State Teachers Retirement System now owns 98,846 shares of the real estate investment trust’s stock worth $12,210,000 after purchasing an additional 7,517 shares during the period. First Trust Direct Indexing L.P. bought a new position in Camden Property Trust in the 3rd quarter valued at about $248,000. Finally, US Bancorp DE grew its position in Camden Property Trust by 19.9% in the 3rd quarter. US Bancorp DE now owns 8,370 shares of the real estate investment trust’s stock valued at $1,034,000 after buying an additional 1,387 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

Insider Buying and Selling at Camden Property Trust

In other news, Director Heather J. Brunner sold 1,853 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $212,168.50. Following the transaction, the director now directly owns 10,537 shares in the company, valued at $1,206,486.50. The trade was a 14.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Richard J. Campo sold 1,043 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 value of $114,792.58. Following the sale, the chief executive officer now owns 299,092 shares of the company’s stock, valued at approximately $32,918,065.52. This represents a 0.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,413 shares of company stock valued at $2,895,718 in the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on CPT shares. Scotiabank boosted their price target on shares of Camden Property Trust from $130.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Friday, February 14th. StockNews.com raised Camden Property Trust from a “sell” rating to a “hold” rating in a report on Friday. Stifel Nicolaus increased 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. JPMorgan Chase & Co. cut Camden Property Trust from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $129.00 to $128.00 in a research report on Tuesday, December 17th. Finally, Wells Fargo & Company cut their price objective on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Camden Property Trust has a consensus rating of “Hold” and an average price target of $126.53.

Camden Property Trust Stock Up 0.6 %

CPT stock opened at $123.97 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The firm has a market capitalization of $13.23 billion, a P/E ratio of 82.65, a P/E/G ratio of 4.41 and a beta of 0.94. Camden Property Trust has a 52-week low of $92.99 and a 52-week high of $127.69. The company’s 50 day simple moving average is $115.66 and its 200-day simple moving average is $119.44.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating 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, equities research analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 3.39%. 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 payout ratio is 280.00%.

About Camden Property Trust

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.