Elo Mutual Pension Insurance Co Takes $1.25 Million Position in Camden Property Trust (NYSE:CPT)

Elo Mutual Pension Insurance Co bought a new stake in Camden Property Trust (NYSE:CPT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,796 shares of the real estate investment trust’s stock, valued at approximately $1,253,000.

A number of other institutional investors have also bought and sold shares of CPT. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Camden Property Trust by 6.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 244,789 shares of the real estate investment trust’s stock valued at $28,657,000 after purchasing an additional 13,784 shares during the period. Korea Investment CORP lifted its stake in Camden Property Trust by 99.9% in the fourth quarter. Korea Investment CORP now owns 151,799 shares of the real estate investment trust’s stock valued at $17,615,000 after buying an additional 75,843 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Camden Property Trust by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 17,250,406 shares of the real estate investment trust’s stock worth $2,001,737,000 after buying an additional 125,287 shares in the last quarter. LPL Financial LLC grew its position in shares of Camden Property Trust by 13.9% during the 4th quarter. LPL Financial LLC now owns 32,573 shares of the real estate investment trust’s stock worth $3,780,000 after buying an additional 3,974 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Camden Property Trust in the 4th quarter valued at $4,131,000. Institutional investors own 97.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CPT. JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. StockNews.com raised Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, March 18th. Barclays raised their price objective 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. Truist Financial upped their target price on Camden Property Trust from $122.00 to $129.00 and gave the stock a “buy” rating in a research report on Monday, March 10th. Finally, Royal Bank of Canada lifted their price target on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $127.76.

Insider Buying and Selling

In other news, CFO Alexander J. Jessett sold 1,862 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 $204,931.72. Following the completion of the transaction, the chief financial officer now owns 122,384 shares in the company, valued at approximately $13,469,583.04. This represents a 1.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard J. Campo sold 7,324 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $838,598.00. Following the completion of the sale, the chief executive officer now owns 300,135 shares in the company, valued at $34,365,457.50. This represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,548 shares of company stock valued at $2,912,212. 1.80% of the stock is owned by company insiders.

Camden Property Trust Stock Up 0.2 %

Shares of NYSE:CPT opened at $122.17 on Monday. The company has a market capitalization of $13.04 billion, a PE ratio of 81.45, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. Camden Property Trust has a 1 year low of $94.75 and a 1 year high of $127.69. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The business has a fifty day moving average price of $118.57 and a two-hundred day moving average price of $119.20.

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

Camden Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be paid a dividend of $1.05 per share. The ex-dividend date is Monday, March 31st. This represents a $4.20 annualized dividend and a dividend yield of 3.44%. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s dividend payout ratio (DPR) is presently 280.00%.

Camden Property Trust 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.