Daiwa Securities Group Inc. Sells 366,715 Shares of Camden Property Trust (NYSE:CPT)

Daiwa Securities Group Inc. trimmed its holdings in Camden Property Trust (NYSE:CPT) by 87.8% in the fourth quarter, Holdings Channel reports. The fund owned 50,814 shares of the real estate investment trust’s stock after selling 366,715 shares during the period. Daiwa Securities Group Inc.’s holdings in Camden Property Trust were worth $5,896,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CPT. UMB Bank n.a. grew its position 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 purchasing an additional 98 shares during the period. National Pension Service acquired a new stake in Camden Property Trust during the 4th quarter worth approximately $26,000. Quent Capital LLC lifted its stake in Camden Property Trust by 87.0% in the fourth 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 acquired a new position in shares of Camden Property Trust in the third quarter valued at approximately $38,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Camden Property Trust by 117.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 206 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Stifel Nicolaus boosted their price objective on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a research report on Friday, February 7th. Evercore ISI boosted their price target on Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a report on Monday, February 10th. Jefferies Financial Group upgraded Camden Property Trust from a “hold” rating to a “buy” rating and increased their price objective for the stock from $117.00 to $139.00 in a report on Monday. Barclays boosted their target price 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. Finally, Truist Financial upped their price target on Camden Property Trust from $122.00 to $129.00 and gave the stock a “buy” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $127.19.

Camden Property Trust Stock Performance

Shares of NYSE CPT opened at $118.40 on Thursday. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $12.64 billion, a P/E ratio of 78.93, a P/E/G ratio of 4.41 and a beta of 0.94. Camden Property Trust has a 12 month low of $94.75 and a 12 month high of $127.69. The stock has a 50 day moving average of $116.63 and a 200-day moving average of $119.55.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. As a group, equities research analysts predict that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.55%. 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 payout ratio is currently 280.00%.

Insider Activity at Camden Property Trust

In other news, 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 of the company’s stock, valued at approximately $34,365,457.50. The trade was a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Heather J. Brunner sold 1,853 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $212,168.50. Following the transaction, the director now directly owns 10,537 shares in the company, valued at approximately $1,206,486.50. This 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 in the last ninety days. 1.80% of the stock is owned by company insiders.

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.