HighTower Advisors LLC Boosts Stock Holdings in Camden Property Trust (NYSE:CPT)

HighTower Advisors LLC raised its holdings in shares of Camden Property Trust (NYSE:CPT) by 6.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 61,791 shares of the real estate investment trust’s stock after purchasing an additional 3,935 shares during the period. HighTower Advisors LLC owned 0.06% of Camden Property Trust worth $7,170,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. National Pension Service bought a new stake in shares of Camden Property Trust in the 4th quarter valued at about $26,000. UMB Bank n.a. boosted its holdings in shares of Camden Property Trust by 76.6% in the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 98 shares in the last quarter. Quent Capital LLC boosted its holdings 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 valued at $28,000 after buying an additional 114 shares in the last quarter. Neo Ivy Capital Management bought a new stake in shares of Camden Property Trust in the 3rd quarter valued at about $38,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Camden Property Trust by 117.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 206 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on CPT shares. Barclays lifted their target price on shares of Camden Property Trust from $126.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. StockNews.com upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. cut shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $129.00 to $128.00 in a research note on Tuesday, December 17th. Evercore ISI lifted their target price on shares of Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. Finally, Stifel Nicolaus lifted their target price on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Camden Property Trust has a consensus rating of “Hold” and an average target price of $127.19.

Insider Transactions at Camden Property Trust

In other news, CEO Richard J. Campo sold 1,043 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $114,792.58. Following the transaction, the chief executive officer now owns 299,092 shares in the company, valued at $32,918,065.52. This trade 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 through this link. Also, CFO Alexander J. Jessett sold 1,862 shares of the firm’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 $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 trade represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,548 shares of company stock valued at $2,912,212 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Camden Property Trust Price Performance

NYSE:CPT opened at $119.55 on Wednesday. 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 firm has a market cap of $12.76 billion, a price-to-earnings ratio of 79.70, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. The company has a 50 day moving average price of $117.06 and a 200-day moving average price of $119.35. Camden Property Trust has a 1-year low of $94.75 and a 1-year high of $127.69.

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 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%. Equities research analysts forecast that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be given a $1.05 dividend. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date is Monday, March 31st. This represents a $4.20 annualized dividend and a dividend yield of 3.51%. Camden Property Trust’s dividend payout ratio (DPR) is 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.