Camden Property Trust (NYSE:CPT) Shares Acquired by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd boosted its position in Camden Property Trust (NYSE:CPT) by 8.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,419 shares of the real estate investment trust’s stock after acquiring an additional 3,432 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Camden Property Trust were worth $5,386,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in shares of Camden Property Trust by 86.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock worth $243,952,000 after purchasing an additional 918,078 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Camden Property Trust by 508.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 946,417 shares of the real estate investment trust’s stock valued at $116,911,000 after buying an additional 790,974 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Camden Property Trust by 97.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust’s stock worth $158,028,000 after buying an additional 630,768 shares during the period. Heitman Real Estate Securities LLC increased its position in shares of Camden Property Trust by 3,155.8% in the third quarter. Heitman Real Estate Securities LLC now owns 449,295 shares of the real estate investment trust’s stock worth $55,501,000 after acquiring an additional 435,495 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Camden Property Trust by 14.5% in the 3rd quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust’s stock valued at $407,324,000 after acquiring an additional 416,701 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Insider Activity

In other news, CEO Richard J. Campo sold 7,324 shares of the 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 directly owns 300,135 shares in the company, valued at approximately $34,365,457.50. This represents a 2.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Heather J. Brunner sold 264 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $29,055.84. Following the transaction, the director now owns 10,273 shares of the company’s stock, valued at $1,130,646.38. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 25,548 shares of company stock valued at $2,912,212. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CPT shares. Wells Fargo & Company lowered their price target on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Stifel Nicolaus increased their target price on Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a research note on Friday, February 7th. Royal Bank of Canada boosted their price target on 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. JPMorgan Chase & Co. lowered shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. Finally, Scotiabank boosted their target price on shares of Camden Property Trust from $130.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $127.76.

Camden Property Trust Stock Up 0.2 %

Shares of Camden Property Trust stock opened at $122.17 on Friday. The business has a 50-day moving average price of $118.57 and a 200 day moving average price of $119.25. Camden Property Trust has a fifty-two week low of $94.75 and a fifty-two week high of $127.69. The firm has a market cap of $13.04 billion, a P/E ratio of 81.45, a P/E/G ratio of 4.41 and a beta of 0.94. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share 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%. On average, sell-side analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be given a $1.05 dividend. 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%. The ex-dividend date is Monday, March 31st. Camden Property Trust’s dividend payout ratio (DPR) is presently 280.00%.

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.