Camden Property Trust (NYSE:CPT) Shares Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC grew its position in Camden Property Trust (NYSE:CPT) by 14.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 896 shares of the real estate investment trust’s stock after purchasing an additional 115 shares during the period. Venturi Wealth Management LLC’s holdings in Camden Property Trust were worth $104,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of CPT. UMB Bank n.a. raised its stake in shares of Camden Property Trust by 76.6% during the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 98 shares during the last quarter. Quent Capital LLC lifted its holdings in Camden Property Trust by 87.0% during the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 114 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in Camden Property Trust during the 3rd quarter worth approximately $38,000. MassMutual Private Wealth & Trust FSB raised its stake in Camden Property Trust by 117.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 206 shares during the last quarter. Finally, American Capital Advisory LLC grew its stake in Camden Property Trust by 42.7% during the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 128 shares in the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Trading Down 0.8 %

NYSE CPT opened at $119.93 on Monday. The firm’s fifty day moving average price is $115.03 and its 200 day moving average price is $119.33. Camden Property Trust has a 12 month low of $92.26 and a 12 month high of $127.69. 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 company has a market capitalization of $12.79 billion, a price-to-earnings ratio of 79.95, a price-to-earnings-growth 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 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 expect that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a $1.05 dividend. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Monday, March 31st. Camden Property Trust’s dividend payout ratio is presently 274.67%.

Insider Buying and Selling

In other news, CFO Alexander J. Jessett sold 13,067 shares of the company’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 completion of the sale, the chief financial officer now directly owns 124,246 shares of the company’s stock, valued at approximately $14,226,167. This represents a 9.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Heather J. Brunner sold 264 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $29,055.84. Following the transaction, the director now directly owns 10,273 shares in the company, valued at approximately $1,130,646.38. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,413 shares of company stock worth $2,895,718 in the last 90 days. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CPT. StockNews.com cut Camden Property Trust from a “hold” rating to a “sell” rating in a report on Thursday. JPMorgan Chase & Co. lowered shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $129.00 to $128.00 in a report on Tuesday, December 17th. Evercore ISI boosted their target price 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. Barclays lifted their price objective on shares of Camden Property Trust from $126.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Finally, Scotiabank upped their price target on Camden Property Trust from $130.00 to $135.00 and gave the stock a “sector perform” rating in a report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $126.53.

About Camden Property Trust

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.