KBC Group NV Sells 16,437 Shares of Camden Property Trust (NYSE:CPT)

KBC Group NV trimmed its holdings in Camden Property Trust (NYSE:CPT) by 12.6% during the fourth quarter, Holdings Channel reports. The firm owned 114,125 shares of the real estate investment trust’s stock after selling 16,437 shares during the quarter. KBC Group NV’s holdings in Camden Property Trust were worth $13,244,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CPT. Blue Trust Inc. boosted its holdings in shares of Camden Property Trust by 57.8% during the 4th quarter. Blue Trust Inc. now owns 1,469 shares of the real estate investment trust’s stock worth $182,000 after buying an additional 538 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Camden Property Trust by 8.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 2,106 shares of the real estate investment trust’s stock valued at $244,000 after acquiring an additional 168 shares during the period. Atomi Financial Group Inc. boosted its stake in Camden Property Trust by 7.7% during the fourth quarter. Atomi Financial Group Inc. now owns 2,335 shares of the real estate investment trust’s stock worth $271,000 after acquiring an additional 166 shares in the last quarter. Aurora Investment Managers LLC. boosted its stake in Camden Property Trust by 5.5% during the fourth quarter. Aurora Investment Managers LLC. now owns 33,314 shares of the real estate investment trust’s stock worth $3,866,000 after acquiring an additional 1,734 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Camden Property Trust by 117.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 206 shares during the period. Institutional investors own 97.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CPT shares. Jefferies Financial Group started coverage on shares of Camden Property Trust in a research report on Friday, October 11th. They set a “hold” rating and a $123.00 price objective on the stock. Mizuho reduced their price objective on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. Stifel Nicolaus lowered Camden Property Trust from a “buy” rating to a “hold” rating and upped their target price for the stock from $120.00 to $121.00 in a research report on Wednesday, November 13th. Wells Fargo & Company reduced their price target on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Finally, Barclays lowered their price objective on shares of Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $125.36.

Insider Activity at Camden Property Trust

In related news, CEO Richard J. Campo sold 1,043 shares of the business’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $114,792.58. Following the sale, the chief executive officer now directly owns 299,092 shares in the company, valued at approximately $32,918,065.52. The trade was a 0.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Heather J. Brunner sold 264 shares of the stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $29,055.84. Following the transaction, the director now owns 10,273 shares of the company’s stock, valued at $1,130,646.38. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,413 shares of company stock worth $2,895,718. Insiders own 1.80% of the company’s stock.

Camden Property Trust Stock Performance

NYSE CPT opened at $110.66 on Thursday. 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 company has a market capitalization of $11.80 billion, a PE ratio of 35.02, a price-to-earnings-growth ratio of 4.03 and a beta of 0.94. Camden Property Trust has a 52-week low of $90.50 and a 52-week high of $127.69. The company has a 50-day simple moving average of $116.83 and a 200 day simple moving average of $118.77.

Camden Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Wednesday, December 18th were issued a $1.03 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.72%. Camden Property Trust’s dividend payout ratio (DPR) is presently 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.