Korea Investment CORP Buys 75,843 Shares of Camden Property Trust (NYSE:CPT)

Korea Investment CORP increased its position in Camden Property Trust (NYSE:CPT) by 99.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,799 shares of the real estate investment trust’s stock after buying an additional 75,843 shares during the period. Korea Investment CORP owned 0.14% of Camden Property Trust worth $17,615,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. grew its stake in Camden Property Trust by 76.6% in the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 98 shares during the period. National Pension Service bought a new position in shares of Camden Property Trust in the 4th quarter worth $26,000. Quent Capital LLC grew its position in 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 valued at $28,000 after purchasing an additional 114 shares during the period. IAG Wealth Partners LLC bought a new stake in Camden Property Trust during the 4th quarter valued at $29,000. Finally, Neo Ivy Capital Management acquired a new position in Camden Property Trust during the third quarter worth $38,000. 97.22% of the stock is owned by institutional investors.

Camden Property Trust Trading Up 0.2 %

Shares of CPT stock opened at $122.17 on Friday. Camden Property Trust has a 12-month low of $94.75 and a 12-month high of $127.69. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. The company has a 50 day moving average of $118.57 and a 200-day moving average of $119.22. The firm has a market cap of $13.04 billion, a P/E ratio of 81.45, a PEG ratio of 4.41 and a beta of 0.94.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. Sell-side analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

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

Analyst Ratings Changes

CPT has been the subject of a number of analyst reports. StockNews.com upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Tuesday, March 18th. Barclays lifted their price target on Camden Property Trust from $126.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Stifel Nicolaus increased their price objective on Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. Jefferies Financial Group raised Camden Property Trust from a “hold” rating to a “buy” rating and lifted their target price for the company from $117.00 to $139.00 in a research report on Monday, March 10th. Finally, Wells Fargo & Company lowered their price target on 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. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $127.76.

Insider Transactions at Camden Property Trust

In other Camden Property Trust news, CEO Richard J. Campo sold 1,043 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $114,792.58. Following the sale, the chief executive officer now owns 299,092 shares in the company, valued at $32,918,065.52. This represents a 0.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Heather J. Brunner sold 1,853 shares of Camden Property Trust stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $212,168.50. Following the completion of the transaction, the director now owns 10,537 shares of the company’s stock, valued at approximately $1,206,486.50. This trade represents a 14.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,548 shares of company stock worth $2,912,212 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

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.