Camden Property Trust (NYSE:CPT) Shares Acquired by Highview Capital Management LLC DE

Highview Capital Management LLC DE increased its position in shares of Camden Property Trust (NYSE:CPT) by 2.1% in the fourth quarter, HoldingsChannel reports. The firm owned 10,262 shares of the real estate investment trust’s stock after acquiring an additional 213 shares during the quarter. Highview Capital Management LLC DE’s holdings in Camden Property Trust were worth $1,191,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of CPT. CWM LLC lifted its stake in Camden Property Trust by 20.4% during the 3rd quarter. CWM LLC now owns 2,541 shares of the real estate investment trust’s stock valued at $314,000 after acquiring an additional 430 shares during the period. Exchange Traded Concepts LLC raised its holdings in shares of Camden Property Trust by 37.3% during the third quarter. Exchange Traded Concepts LLC now owns 1,938 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 526 shares during the last quarter. Creative Planning lifted its position in Camden Property Trust by 5.3% during the third quarter. Creative Planning now owns 9,012 shares of the real estate investment trust’s stock valued at $1,113,000 after purchasing an additional 453 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Camden Property Trust by 5.5% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,407 shares of the real estate investment trust’s stock valued at $3,756,000 after purchasing an additional 1,573 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Camden Property Trust by 367.8% during the 3rd quarter. Blue Trust Inc. now owns 931 shares of the real estate investment trust’s stock worth $115,000 after purchasing an additional 732 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Insider Activity at Camden Property Trust

In other news, Director Heather J. Brunner sold 1,853 shares of the stock in a transaction that occurred on 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 sale, the director now owns 10,537 shares of the company’s stock, valued at $1,206,486.50. This represents a 14.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Richard J. Campo sold 7,324 shares of Camden Property Trust stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $838,598.00. Following the sale, the chief executive officer now directly owns 300,135 shares in the company, valued at approximately $34,365,457.50. The trade was a 2.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,413 shares of company stock valued at $2,895,718. 1.80% of the stock is currently owned by insiders.

Camden Property Trust Stock Down 0.0 %

NYSE CPT opened at $119.11 on Monday. Camden Property Trust has a one year low of $92.26 and a one year high of $127.69. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. The business has a fifty day moving average price of $115.19 and a 200 day moving average price of $119.23. The company has a market cap of $12.71 billion, a P/E ratio of 79.41, a P/E/G ratio of 4.27 and a beta of 0.94.

Camden Property Trust (NYSE:CPT) last posted its quarterly 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 net margin of 10.58% and a return on equity of 3.32%. Research analysts anticipate that Camden Property Trust will post 6.8 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The business 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. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.53%. Camden Property Trust’s dividend payout ratio is 274.67%.

Wall Street Analyst Weigh In

CPT has been the subject of several analyst reports. Stifel Nicolaus boosted their price objective on Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a report on Friday, February 7th. StockNews.com raised Camden Property Trust from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th. Royal Bank of Canada raised their price objective on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a “sector perform” rating in a research note on Monday, February 10th. Wells Fargo & Company decreased 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 research note on Friday, January 24th. Finally, Mizuho dropped their price target on shares of 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. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $126.31.

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.