Camden Property Trust (NYSE:CPT) Shares Sold by Heartland Advisors Inc.

Heartland Advisors Inc. cut its stake in Camden Property Trust (NYSE:CPT) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 175,061 shares of the real estate investment trust’s stock after selling 2,016 shares during the quarter. Camden Property Trust makes up approximately 1.1% of Heartland Advisors Inc.’s investment portfolio, making the stock its 19th largest position. Heartland Advisors Inc. owned approximately 0.16% of Camden Property Trust worth $20,314,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Camden Property Trust by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 17,250,406 shares of the real estate investment trust’s stock valued at $2,001,737,000 after purchasing an additional 125,287 shares during the last quarter. State Street Corp boosted its stake in shares of Camden Property Trust by 0.5% in the 3rd quarter. State Street Corp now owns 7,118,930 shares of the real estate investment trust’s stock valued at $886,693,000 after buying an additional 36,528 shares during the period. Victory Capital Management Inc. raised its stake in Camden Property Trust by 6.7% in the fourth quarter. Victory Capital Management Inc. now owns 4,400,846 shares of the real estate investment trust’s stock valued at $510,674,000 after buying an additional 277,117 shares in the last quarter. FMR LLC lifted its position in shares of Camden Property Trust by 14.5% during the 3rd quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust’s stock worth $407,324,000 after buying an additional 416,701 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Camden Property Trust by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,739,831 shares of the real estate investment trust’s stock valued at $337,394,000 after acquiring an additional 20,097 shares during the period. 97.22% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Trading Down 0.2 %

Shares of CPT opened at $121.94 on Friday. The firm has a market capitalization of $13.02 billion, a price-to-earnings ratio of 81.29, a PEG ratio of 4.41 and a beta of 0.94. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. Camden Property Trust has a 1-year low of $94.75 and a 1-year high of $127.69. The firm’s 50-day moving average price is $118.37 and its 200-day moving average price is $119.24.

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

Camden Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.44%. Camden Property Trust’s dividend payout ratio (DPR) is currently 280.00%.

Insider Activity

In other news, CFO Alexander J. Jessett sold 13,067 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 $1,496,171.50. Following the transaction, the chief financial officer now directly owns 124,246 shares of the company’s stock, valued at approximately $14,226,167. This trade represents a 9.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 value of $838,598.00. Following the sale, the chief executive officer now directly owns 300,135 shares of the company’s stock, valued at $34,365,457.50. The trade was a 2.38 % 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. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CPT shares. Stifel Nicolaus boosted their price target 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. Scotiabank increased their price target on Camden Property Trust from $130.00 to $135.00 and gave the stock a “sector perform” rating in a research note on Friday, February 14th. Evercore ISI upped their target price on Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. Barclays lifted their target price on 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, Royal Bank of Canada upped their price objective on Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $127.19.

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.