Xponance Inc. Has $1.64 Million Stake in Camden Property Trust (NYSE:CPT)

Xponance Inc. trimmed its stake in Camden Property Trust (NYSE:CPT) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,104 shares of the real estate investment trust’s stock after selling 430 shares during the period. Xponance Inc.’s holdings in Camden Property Trust were worth $1,637,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CPT. Intech Investment Management LLC acquired a new stake in Camden Property Trust during the 4th quarter worth about $540,000. Generali Asset Management SPA SGR acquired a new stake in Camden Property Trust during the 4th quarter worth about $1,967,000. Cibc World Markets Corp grew its holdings in Camden Property Trust by 12.3% during the 4th quarter. Cibc World Markets Corp now owns 47,907 shares of the real estate investment trust’s stock worth $5,559,000 after acquiring an additional 5,244 shares during the period. Natixis Advisors LLC grew its holdings in Camden Property Trust by 7.1% during the 4th quarter. Natixis Advisors LLC now owns 26,886 shares of the real estate investment trust’s stock worth $3,120,000 after acquiring an additional 1,775 shares during the period. Finally, Commonwealth Equity Services LLC grew its holdings in Camden Property Trust by 6.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 7,350 shares of the real estate investment trust’s stock worth $853,000 after acquiring an additional 461 shares during the period. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Price Performance

Camden Property Trust stock opened at $119.16 on Friday. Camden Property Trust has a 52 week low of $94.75 and a 52 week high of $127.69. The company’s 50 day moving average price is $117.61 and its two-hundred day moving average price is $119.27. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. The stock has a market cap of $12.72 billion, a P/E ratio of 79.44, a P/E/G ratio of 4.41 and a beta of 0.94.

Camden Property Trust (NYSE:CPT) last posted its 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 net margin of 10.58% and a return on equity of 3.35%. On average, equities analysts predict that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.20 annualized dividend and a dividend yield of 3.52%. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s dividend payout ratio (DPR) is currently 280.00%.

Insiders Place Their Bets

In other news, Director Heather J. Brunner sold 1,853 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $212,168.50. Following the completion of the sale, the director now owns 10,537 shares in the company, valued at $1,206,486.50. This trade represents a 14.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Richard J. Campo sold 7,324 shares of the firm’s stock in a transaction that occurred on 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 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 25,548 shares of company stock valued at $2,912,212 in the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CPT shares. Stifel Nicolaus increased their price target on Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a report on Friday, February 7th. Jefferies Financial Group raised shares of 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 research report on Monday, March 10th. Royal Bank of Canada increased their price objective on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a “sector perform” rating in a research report on Monday, February 10th. Barclays increased their price objective on shares of Camden Property Trust from $126.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Finally, Wells Fargo & Company cut their price objective on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $127.19.

Camden Property Trust Company 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.