Camden Property Trust (NYSE:CPT) Shares Sold by Swiss National Bank

Swiss National Bank lessened its holdings in shares of Camden Property Trust (NYSE:CPT) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 301,200 shares of the real estate investment trust’s stock after selling 15,400 shares during the period. Swiss National Bank owned approximately 0.28% of Camden Property Trust worth $34,951,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CPT. EverSource Wealth Advisors LLC boosted its position in Camden Property Trust by 324.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,713 shares of the real estate investment trust’s stock worth $315,000 after purchasing an additional 2,074 shares in the last quarter. HighTower Advisors LLC boosted its position in Camden Property Trust by 6.8% during the fourth quarter. HighTower Advisors LLC now owns 61,791 shares of the real estate investment trust’s stock worth $7,170,000 after purchasing an additional 3,935 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Camden Property Trust by 25.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,832 shares of the real estate investment trust’s stock worth $10,888,000 after purchasing an additional 19,181 shares in the last quarter. Naviter Wealth LLC boosted its position in Camden Property Trust by 175.4% during the fourth quarter. Naviter Wealth LLC now owns 5,868 shares of the real estate investment trust’s stock worth $687,000 after purchasing an additional 3,737 shares in the last quarter. Finally, Edgestream Partners L.P. boosted its position in Camden Property Trust by 50.5% during the fourth quarter. Edgestream Partners L.P. now owns 20,849 shares of the real estate investment trust’s stock worth $2,419,000 after purchasing an additional 7,000 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Analysts Set New Price Targets

CPT has been the topic of a number of research analyst reports. Truist Financial boosted 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. Evercore ISI upped their price objective on Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. downgraded Camden Property Trust from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $129.00 to $128.00 in a research report on Tuesday, December 17th. Scotiabank upped their price objective on Camden Property Trust from $130.00 to $135.00 and gave the company a “sector perform” rating in a research report on Friday, February 14th. Finally, Mizuho reduced their price objective on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Camden Property Trust has a consensus rating of “Hold” and a consensus price target of $127.19.

Camden Property Trust Stock Performance

Shares of NYSE:CPT opened at $118.23 on Monday. The firm has a market capitalization of $12.62 billion, a PE ratio of 78.82, a P/E/G ratio of 4.41 and a beta of 0.94. 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 50-day moving average of $116.74 and a two-hundred day moving average of $119.42. Camden Property Trust has a 12 month low of $94.75 and a 12 month high of $127.69.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, topping 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%. As a group, research 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 announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be paid a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.55%. 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 280.00%.

Insider Activity at Camden Property Trust

In related news, CEO Richard J. Campo sold 7,324 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 $838,598.00. Following the sale, the chief executive officer now directly owns 300,135 shares in the company, valued at approximately $34,365,457.50. This trade represents a 2.38 % decrease in their position. The sale was disclosed in a 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 shares were sold at an average price of $114.50, for a total value of $212,168.50. Following the sale, the director now owns 10,537 shares in the company, valued at approximately $1,206,486.50. The trade was a 14.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,548 shares of company stock worth $2,912,212. 1.80% of the stock is currently owned by company insiders.

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.