Norges Bank Purchases New Shares in Camden Property Trust (NYSE:CPT)

Norges Bank acquired a new position in shares of Camden Property Trust (NYSE:CPT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,616,739 shares of the real estate investment trust’s stock, valued at approximately $187,606,000. Norges Bank owned about 1.52% of Camden Property Trust at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. boosted its holdings in Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 98 shares during the last quarter. National Pension Service bought a new position in shares of Camden Property Trust during the 4th quarter worth approximately $26,000. Quent Capital LLC boosted its stake in shares of Camden Property Trust by 87.0% in the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 114 shares during the last quarter. IAG Wealth Partners LLC bought a new position in shares of Camden Property Trust in the fourth quarter valued at approximately $29,000. Finally, Neo Ivy Capital Management purchased a new stake in shares of Camden Property Trust during the third quarter valued at approximately $38,000. Institutional investors own 97.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CPT shares. Citigroup raised Camden Property Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $125.00 to $138.00 in a research report on Friday. 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. Royal Bank of Canada lifted 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 report on Monday, February 10th. Scotiabank boosted 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 research note on Friday, February 14th. Finally, Evercore ISI lifted their price target on shares of Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $127.76.

Camden Property Trust Trading Up 0.2 %

Shares of CPT opened at $122.17 on Monday. The business’s 50-day moving average price is $118.57 and its 200-day moving average price is $119.20. 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 has a market cap of $13.04 billion, a PE ratio of 81.45, a P/E/G ratio of 4.41 and a beta of 0.94.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (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%. On average, equities analysts forecast that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 3.44%. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, March 31st. Camden Property Trust’s payout ratio is presently 280.00%.

Insiders Place Their Bets

In related news, Director Heather J. Brunner sold 264 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $29,055.84. Following the transaction, the director now directly owns 10,273 shares in the company, valued at approximately $1,130,646.38. This represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Alexander J. Jessett sold 13,067 shares of the firm’s 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 $1,496,171.50. Following the completion of the sale, the chief financial officer now directly owns 124,246 shares in the company, valued at $14,226,167. This represents a 9.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,548 shares of company stock worth $2,912,212 in the last ninety days. 1.80% of the stock is currently owned by 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.