B. Metzler seel. Sohn & Co. AG Has $591,000 Stock Holdings in Camden Property Trust (NYSE:CPT)

B. Metzler seel. Sohn & Co. AG reduced its holdings in Camden Property Trust (NYSE:CPT) by 20.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 5,092 shares of the real estate investment trust’s stock after selling 1,300 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Camden Property Trust were worth $591,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. National Pension Service acquired a new position in shares of Camden Property Trust in the fourth quarter worth approximately $26,000. UMB Bank n.a. increased its position 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 purchasing an additional 98 shares during the period. Quent Capital LLC raised 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 worth $28,000 after purchasing an additional 114 shares during the last quarter. IAG Wealth Partners LLC acquired a new position in shares of Camden Property Trust in the 4th quarter worth approximately $29,000. Finally, Neo Ivy Capital Management bought a new stake in shares of Camden Property Trust in the 3rd quarter valued at $38,000. Institutional investors own 97.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CPT. Barclays lifted their target price on shares of Camden Property Trust from $126.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Truist Financial boosted their price objective on Camden Property Trust from $122.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, March 10th. Evercore ISI upped their target price on Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. Citigroup upgraded Camden Property Trust from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $125.00 to $138.00 in a report on Friday, March 28th. Finally, JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $129.00 to $128.00 in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Camden Property Trust presently has an average rating of “Hold” and a consensus price target of $127.76.

Camden Property Trust Stock Down 7.1 %

CPT stock opened at $110.41 on Friday. The firm has a market capitalization of $12.01 billion, a PE ratio of 73.61, a P/E/G ratio of 4.41 and a beta of 0.94. 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 has a twelve month low of $94.75 and a twelve month high of $127.69. The stock’s 50 day moving average is $119.35 and its 200-day moving average is $119.08.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data 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 net margin of 10.58% and a return on equity of 3.35%. Sell-side analysts expect that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a $1.05 dividend. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date is Monday, March 31st. This represents a $4.20 annualized dividend and a yield of 3.80%. Camden Property Trust’s dividend payout ratio (DPR) is 280.00%.

Insiders Place Their Bets

In related news, Director Heather J. Brunner sold 1,853 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $212,168.50. Following the completion of the sale, the director now directly owns 10,537 shares of the company’s stock, valued at approximately $1,206,486.50. This trade represents a 14.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Richard J. Campo sold 7,324 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $838,598.00. Following the completion of the transaction, the chief executive officer now directly owns 300,135 shares in the company, valued at approximately $34,365,457.50. This represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,548 shares of company stock valued at $2,912,212 in the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

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.