SMART Wealth LLC Has $703,000 Position in Camden Property Trust (NYSE:CPT)

SMART Wealth LLC cut its position in Camden Property Trust (NYSE:CPT) by 9.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,062 shares of the real estate investment trust’s stock after selling 645 shares during the quarter. SMART Wealth LLC’s holdings in Camden Property Trust were worth $703,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Nordea Investment Management AB raised its holdings in Camden Property Trust by 15.0% in the 4th quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust’s stock valued at $11,339,000 after buying an additional 12,805 shares during the last quarter. QRG Capital Management Inc. acquired a new position in Camden Property Trust in the 3rd quarter valued at approximately $1,660,000. Franklin Resources Inc. raised its stake in shares of Camden Property Trust by 3.2% during the third quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust’s stock valued at $23,174,000 after acquiring an additional 5,985 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Camden Property Trust by 10.5% during the third quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust’s stock worth $66,563,000 after purchasing an additional 51,097 shares during the period. Finally, Stoneridge Investment Partners LLC acquired a new stake in Camden Property Trust in the third quarter valued at $2,913,000. 97.22% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Camden Property Trust

In other news, 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 owns 124,246 shares in the company, valued at $14,226,167. This trade represents a 9.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 completion of the transaction, the director now owns 10,273 shares in the company, valued at approximately $1,130,646.38. The trade was a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,413 shares of company stock worth $2,895,718 in the last 90 days. Insiders own 1.90% of the company’s stock.

Camden Property Trust Trading Up 1.3 %

CPT opened at $117.82 on Friday. Camden Property Trust has a fifty-two week low of $90.50 and a fifty-two week high of $127.69. The firm has a market capitalization of $12.57 billion, a PE ratio of 37.29, a P/E/G ratio of 4.13 and a beta of 0.94. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. The company’s 50-day moving average is $115.64 and its 200 day moving average is $118.85.

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 22.32% and a return on equity of 6.97%. As a group, research analysts predict that Camden Property Trust will post 6.75 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th were paid a $1.03 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $4.12 annualized dividend and a yield of 3.50%. Camden Property Trust’s dividend payout ratio (DPR) is 130.38%.

Analysts Set New Price Targets

Several analysts recently commented on CPT shares. Wells Fargo & Company reduced their target price on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Mizuho cut 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. Scotiabank decreased their price target on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. JPMorgan Chase & Co. downgraded Camden Property Trust from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. Finally, Stifel Nicolaus cut Camden Property Trust from a “buy” rating to a “hold” rating and raised their target price for the stock from $120.00 to $121.00 in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $125.36.

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.