Fielder Capital Group LLC Boosts Position in Camden Property Trust (NYSE:CPT)

Fielder Capital Group LLC raised its stake in Camden Property Trust (NYSE:CPT) by 9.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,207 shares of the real estate investment trust’s stock after buying an additional 3,329 shares during the period. Camden Property Trust comprises 1.5% of Fielder Capital Group LLC’s holdings, making the stock its 22nd biggest holding. Fielder Capital Group LLC’s holdings in Camden Property Trust were worth $4,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp grew its position in shares of Camden Property Trust by 0.5% during the 3rd quarter. State Street Corp now owns 7,118,930 shares of the real estate investment trust’s stock worth $886,693,000 after buying an additional 36,528 shares in the last quarter. FMR LLC lifted its stake in Camden Property Trust by 14.5% in the third quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust’s stock worth $407,324,000 after acquiring an additional 416,701 shares during the period. Geode Capital Management LLC grew its holdings in Camden Property Trust by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,739,831 shares of the real estate investment trust’s stock worth $337,394,000 after acquiring an additional 20,097 shares in the last quarter. Wellington Management Group LLP increased its position in Camden Property Trust by 86.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock valued at $243,952,000 after purchasing an additional 918,078 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Camden Property Trust by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,498,742 shares of the real estate investment trust’s stock valued at $185,140,000 after purchasing an additional 51,742 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors.

Insider Transactions at Camden Property Trust

In other news, CEO Richard J. Campo sold 7,324 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $838,598.00. Following the sale, the chief executive officer now owns 300,135 shares in the company, valued at $34,365,457.50. This represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Alexander J. Jessett sold 13,067 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 $1,496,171.50. Following the transaction, the chief financial officer now directly owns 124,246 shares of the company’s stock, valued at approximately $14,226,167. This trade represents a 9.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,413 shares of company stock worth $2,895,718 over the last three months. 1.90% of the stock is currently owned by insiders.

Camden Property Trust Stock Up 1.6 %

CPT stock opened at $123.09 on Friday. 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 52 week low of $92.45 and a 52 week high of $127.69. The stock has a market capitalization of $13.14 billion, a PE ratio of 82.06, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. The firm has a 50 day moving average of $115.27 and a 200 day moving average of $119.38.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 EPS 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 3.35%. Sell-side analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a $1.05 dividend. The ex-dividend date 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 3.41%. Camden Property Trust’s dividend payout ratio is currently 280.00%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CPT. Royal Bank of Canada increased their price objective on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a research note on Monday, February 10th. Mizuho dropped their target price on 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. Scotiabank boosted their price target on 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. Stifel Nicolaus raised their price objective on Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a research report on Friday, February 7th. Finally, Wells Fargo & Company reduced 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 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.com, the company has an average rating of “Hold” and a consensus target price of $126.53.

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.