Camden Property Trust (NYSE:CPT) Shares Sold by Watts Gwilliam & Co. LLC

Watts Gwilliam & Co. LLC reduced its stake in Camden Property Trust (NYSE:CPT) by 18.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,609 shares of the real estate investment trust’s stock after selling 1,010 shares during the period. Watts Gwilliam & Co. LLC’s holdings in Camden Property Trust were worth $508,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CPT. Verdence Capital Advisors LLC increased its stake in Camden Property Trust by 5.0% in the third quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust’s stock valued at $294,000 after purchasing an additional 113 shares during the last quarter. Doliver Advisors LP boosted its holdings in shares of Camden Property Trust by 6.7% in the 4th quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust’s stock valued at $209,000 after buying an additional 113 shares in the last quarter. American Capital Advisory LLC grew its position in shares of Camden Property Trust by 42.7% in the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 128 shares during the last quarter. ProShare Advisors LLC raised its stake in Camden Property Trust by 0.5% during the 2nd quarter. ProShare Advisors LLC now owns 31,349 shares of the real estate investment trust’s stock worth $3,420,000 after acquiring an additional 146 shares in the last quarter. Finally, MML Investors Services LLC raised its stake in Camden Property Trust by 1.6% during the 3rd quarter. MML Investors Services LLC now owns 9,294 shares of the real estate investment trust’s stock worth $1,148,000 after acquiring an additional 147 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Royal Bank of Canada dropped their price objective on Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating on the stock in a report on Monday, November 4th. StockNews.com lowered Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Stifel Nicolaus downgraded Camden Property Trust from a “buy” rating to a “hold” rating and increased their price objective for the company from $120.00 to $121.00 in a report on Wednesday, November 13th. Scotiabank lowered their target price on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Finally, Barclays started coverage on shares of Camden Property Trust in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $138.00 price target for the company. Two 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 stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $126.75.

Insiders Place Their Bets

In other news, Director Heather J. Brunner sold 264 shares of the firm’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 $29,055.84. Following the completion of the transaction, the director now owns 10,273 shares in the company, valued at $1,130,646.38. This trade represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Richard J. Campo sold 1,043 shares of Camden Property Trust 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 transaction, the chief executive officer now directly 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. Over the last three months, insiders have sold 25,413 shares of company stock worth $2,895,718. 1.80% of the stock is owned by company insiders.

Camden Property Trust Price Performance

Camden Property Trust stock opened at $111.05 on Friday. The company has a market cap of $11.85 billion, a P/E ratio of 35.14, a price-to-earnings-growth ratio of 4.40 and a beta of 0.94. Camden Property Trust has a one year low of $90.50 and a one year high of $127.69. The business has a fifty day moving average of $119.10 and a two-hundred day moving average of $118.47. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15.

Camden Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Wednesday, December 18th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Wednesday, December 18th. Camden Property Trust’s dividend payout ratio is currently 130.38%.

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.