Asset Management One Co. Ltd. Increases Stake in Camden Property Trust (NYSE:CPT)

Asset Management One Co. Ltd. raised its stake in shares of Camden Property Trust (NYSE:CPT) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,526 shares of the real estate investment trust’s stock after buying an additional 1,418 shares during the quarter. Asset Management One Co. Ltd. owned about 0.21% of Camden Property Trust worth $26,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in Camden Property Trust by 76.6% during the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 98 shares in the last quarter. Quent Capital LLC grew its holdings in Camden Property Trust by 87.0% during the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 114 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in Camden Property Trust during the 3rd quarter valued at approximately $38,000. MassMutual Private Wealth & Trust FSB grew its holdings in Camden Property Trust by 117.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 206 shares in the last quarter. Finally, American Capital Advisory LLC grew its holdings in Camden Property Trust by 42.7% during 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 in the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Richard J. Campo sold 7,324 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $838,598.00. Following the transaction, the chief executive officer now owns 300,135 shares in the company, valued at approximately $34,365,457.50. This trade represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Heather J. Brunner sold 1,853 shares of Camden Property Trust stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $212,168.50. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,413 shares of company stock worth $2,895,718. Company insiders own 1.80% of the company’s stock.

Camden Property Trust Stock Down 0.0 %

NYSE:CPT opened at $119.11 on Friday. Camden Property Trust has a twelve month low of $92.26 and a twelve month high of $127.69. The company has a market cap of $12.71 billion, a price-to-earnings ratio of 79.41, a price-to-earnings-growth ratio of 4.27 and a beta of 0.94. The stock has a fifty day simple moving average of $115.19 and a 200-day simple moving average of $119.12. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72.

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 for the quarter, topping the consensus estimate of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.32% and a net margin of 10.58%. Analysts anticipate that Camden Property Trust will post 6.8 EPS for the current year.

Camden Property Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.20 annualized dividend and a dividend yield of 3.53%. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s dividend payout ratio (DPR) is currently 274.67%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Stifel Nicolaus raised their target price on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a report on Friday, February 7th. JPMorgan Chase & Co. lowered 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 report on Tuesday, December 17th. Barclays cut their target price on shares of Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Scotiabank raised their target price on shares of Camden Property Trust from $130.00 to $135.00 and gave the company a “sector perform” rating in a report on Friday. Finally, Wells Fargo & Company cut their target price on shares of 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 investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $126.31.

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.