Securian Asset Management Inc. Lowers Stake in Camden Property Trust (NYSE:CPT)

Securian Asset Management Inc. lowered its position in shares of Camden Property Trust (NYSE:CPT) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,606 shares of the real estate investment trust’s stock after selling 209 shares during the quarter. Securian Asset Management Inc.’s holdings in Camden Property Trust were worth $651,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. lifted its holdings in Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 98 shares in the last quarter. National Pension Service purchased a new position in Camden Property Trust during the fourth quarter valued at approximately $26,000. 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 position in shares of Camden Property Trust in the third quarter worth $38,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Camden Property Trust by 117.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 206 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Trading Up 1.3 %

CPT stock opened at $118.23 on Monday. 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 has a twelve month low of $94.75 and a twelve month high of $127.69. The stock has a market capitalization of $12.62 billion, a price-to-earnings ratio of 78.82, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. The firm’s fifty day simple moving average is $116.74 and its two-hundred day simple moving average is $119.42.

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

Camden Property Trust Increases Dividend

The company also recently disclosed 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. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date is Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a yield of 3.55%. Camden Property Trust’s payout ratio is 280.00%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $129.00 to $128.00 in a report on Tuesday, December 17th. 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 report on Friday, February 14th. Mizuho lowered their target price on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. Royal Bank of Canada boosted their target price on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a “sector perform” rating in a report on Monday, February 10th. Finally, Evercore ISI boosted their target price on shares of Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $127.19.

Insider Buying and Selling at Camden Property Trust

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 transaction, the chief financial officer now directly owns 124,246 shares in the company, valued at approximately $14,226,167. This represents a 9.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Heather J. Brunner sold 264 shares of the company’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $29,055.84. Following the completion of the transaction, the director now owns 10,273 shares in the company, valued at approximately $1,130,646.38. The trade was a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,548 shares of company stock worth $2,912,212 over the last quarter. Insiders own 1.80% of the company’s stock.

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.