Sumitomo Mitsui DS Asset Management Company Ltd Boosts Holdings in Camden Property Trust (NYSE:CPT)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Camden Property Trust (NYSE:CPT) by 13.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 34,383 shares of the real estate investment trust’s stock after acquiring an additional 3,976 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Camden Property Trust were worth $3,990,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Wellington Management Group LLP lifted its position in Camden Property Trust by 86.9% in the third 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Camden Property Trust by 508.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 946,417 shares of the real estate investment trust’s stock worth $116,911,000 after buying an additional 790,974 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in Camden Property Trust by 97.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust’s stock valued at $158,028,000 after buying an additional 630,768 shares during the last quarter. Heitman Real Estate Securities LLC boosted its position in Camden Property Trust by 3,155.8% during the 3rd quarter. Heitman Real Estate Securities LLC now owns 449,295 shares of the real estate investment trust’s stock valued at $55,501,000 after buying an additional 435,495 shares during the period. Finally, FMR LLC grew its holdings in Camden Property Trust by 14.5% in the 3rd 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 last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Insider Buying and Selling at Camden Property Trust

In related 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 of the company’s stock, valued at $14,226,167. This trade represents a 9.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 directly owns 10,273 shares in the company, valued at $1,130,646.38. This trade represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,413 shares of company stock worth $2,895,718. 1.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CPT. Barclays dropped their target price on shares of Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Stifel Nicolaus lifted their price objective on Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a research report on Friday. 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 research note on Friday, January 24th. Scotiabank dropped their price target on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. Finally, StockNews.com downgraded shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $125.42.

Camden Property Trust Price Performance

CPT stock opened at $119.33 on Monday. 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 firm has a market capitalization of $12.73 billion, a price-to-earnings ratio of 79.55, a PEG ratio of 4.27 and a beta of 0.94. The firm has a 50 day moving average price of $115.51 and a 200-day moving average price of $118.97. Camden Property Trust has a 52-week low of $90.50 and a 52-week high of $127.69.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.32% and a net margin of 10.58%. Equities research analysts forecast that Camden Property Trust will post 6.8 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The company also recently disclosed 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 3.52%. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date is Monday, March 31st. Camden Property Trust’s dividend payout ratio is 274.67%.

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.