Miller Howard Investments Inc. NY Has $233,000 Stake in Camden Property Trust (NYSE:CPT)

Miller Howard Investments Inc. NY decreased its position in Camden Property Trust (NYSE:CPT) by 71.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,909 shares of the real estate investment trust’s stock after selling 4,722 shares during the period. Miller Howard Investments Inc. NY’s holdings in Camden Property Trust were worth $233,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CPT. IAG Wealth Partners LLC acquired a new stake in shares of Camden Property Trust in the fourth quarter valued at about $29,000. Bellwether Advisors LLC acquired a new stake in shares of Camden Property Trust in the fourth quarter valued at about $31,000. Tsfg LLC acquired a new stake in shares of Camden Property Trust in the first quarter valued at about $40,000. Smartleaf Asset Management LLC increased its position in shares of Camden Property Trust by 33.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 531 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 132 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of Camden Property Trust by 220.7% in the fourth quarter. Jones Financial Companies Lllp now owns 558 shares of the real estate investment trust’s stock valued at $65,000 after acquiring an additional 384 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Stock Up 0.4%

Shares of CPT opened at $113.38 on Thursday. Camden Property Trust has a 52 week low of $102.35 and a 52 week high of $127.69. The stock has a market capitalization of $12.11 billion, a price-to-earnings ratio of 104.02, a PEG ratio of 3.42 and a beta of 0.77. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.19 and a current ratio of 0.19. The stock has a fifty day moving average of $116.19 and a 200-day moving average of $116.17.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. Camden Property Trust had a return on equity of 2.47% and a net margin of 7.62%. The company had revenue of $390.57 million during the quarter, compared to analysts’ expectations of $388.47 million. During the same period in the prior year, the company earned $1.70 EPS. Camden Property Trust’s revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date is Monday, June 30th. Camden Property Trust’s payout ratio is 385.32%.

Insiders Place Their Bets

In related news, CEO Richard J. Campo sold 5,572 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $119.50, for a total value of $665,854.00. Following the completion of the sale, the chief executive officer directly owned 289,720 shares in the company, valued at $34,621,540. This represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven A. Webster sold 1,200 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $118.76, for a total value of $142,512.00. Following the completion of the sale, the director owned 117,374 shares of the company’s stock, valued at $13,939,336.24. The trade was a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CPT shares. Mizuho dropped their price objective on Camden Property Trust from $130.00 to $122.00 and set an “outperform” rating on the stock in a research note on Friday, May 23rd. Scotiabank decreased their target price on Camden Property Trust from $144.00 to $136.00 and set a “sector perform” rating on the stock in a research report on Friday, June 13th. Wall Street Zen downgraded Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th. JPMorgan Chase & Co. boosted their price target on Camden Property Trust from $127.00 to $129.00 and gave the company an “underweight” rating in a research note on Tuesday, June 17th. Finally, Citigroup raised Camden Property Trust from a “neutral” rating to a “buy” rating and increased their price target for the stock from $125.00 to $138.00 in a research report on Friday, March 28th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $129.39.

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.