American Capital Advisory LLC Has $38,000 Position in Camden Property Trust (NYSE:CPT)

American Capital Advisory LLC lowered its position in shares of Camden Property Trust (NYSE:CPT) by 23.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 328 shares of the real estate investment trust’s stock after selling 100 shares during the quarter. American Capital Advisory LLC’s holdings in Camden Property Trust were worth $38,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Truist Financial Corp raised its stake in shares of Camden Property Trust by 3.4% in the second quarter. Truist Financial Corp now owns 18,105 shares of the real estate investment trust’s stock valued at $1,975,000 after acquiring an additional 599 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Camden Property Trust during the 2nd quarter valued at $1,257,000. Czech National Bank raised its position in Camden Property Trust by 7.0% in the 3rd quarter. Czech National Bank now owns 21,722 shares of the real estate investment trust’s stock valued at $2,683,000 after purchasing an additional 1,420 shares during the last quarter. Atomi Financial Group Inc. boosted its stake in Camden Property Trust by 18.1% in the third quarter. Atomi Financial Group Inc. now owns 2,169 shares of the real estate investment trust’s stock worth $268,000 after purchasing an additional 332 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Camden Property Trust by 20.4% during the third quarter. CWM LLC now owns 2,541 shares of the real estate investment trust’s stock worth $314,000 after purchasing an additional 430 shares during the last quarter. 97.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CPT shares. Mizuho cut their price target on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Monday, January 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $121.00 target price on shares of Camden Property Trust in a research note on Wednesday, January 22nd. Stifel Nicolaus increased their price target on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a research note on Friday. Barclays dropped their price objective on shares of Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Finally, Scotiabank decreased their price objective on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $125.42.

Insider Transactions at Camden Property Trust

In related news, Director Heather J. Brunner sold 264 shares of the stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $29,055.84. Following the completion of the transaction, the director now directly owns 10,273 shares in the company, valued at approximately $1,130,646.38. This trade represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Alexander J. Jessett sold 13,067 shares of Camden Property Trust stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $1,496,171.50. Following the completion of the sale, the chief financial officer now directly owns 124,246 shares in the company, valued at approximately $14,226,167. This represents a 9.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,413 shares of company stock valued at $2,895,718 over the last quarter. Corporate insiders own 1.90% of the company’s stock.

Camden Property Trust Trading Up 1.4 %

Shares of NYSE CPT opened at $119.33 on Friday. Camden Property Trust has a twelve month low of $90.50 and a twelve month high of $127.69. The stock has a market cap of $12.73 billion, a price-to-earnings ratio of 37.76, a P/E/G ratio of 4.13 and a beta of 0.94. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. The company’s fifty day moving average is $115.64 and its 200-day moving average is $118.85.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 6.97% and a net margin of 22.32%. Equities research analysts predict that Camden Property Trust will post 6.75 EPS 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 issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s dividend payout ratio is 130.38%.

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.