Czech National Bank Acquires 1,409 Shares of Camden Property Trust (NYSE:CPT)

Czech National Bank raised its stake in Camden Property Trust (NYSE:CPT) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,131 shares of the real estate investment trust’s stock after acquiring an additional 1,409 shares during the quarter. Czech National Bank’s holdings in Camden Property Trust were worth $2,684,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CPT. Federated Hermes Inc. acquired a new stake in shares of Camden Property Trust during the 2nd quarter valued at $33,000. Neo Ivy Capital Management bought a new position in Camden Property Trust in the third quarter valued at about $38,000. American Capital Advisory LLC boosted its stake in shares of Camden Property Trust by 42.7% during the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 128 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in shares of Camden Property Trust during the third quarter valued at about $62,000. Finally, Versant Capital Management Inc grew its holdings in shares of Camden Property Trust by 77.7% during the fourth quarter. Versant Capital Management Inc now owns 716 shares of the real estate investment trust’s stock worth $83,000 after purchasing an additional 313 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Price Performance

Shares of NYSE CPT opened at $112.61 on Friday. The firm has a market capitalization of $12.01 billion, a P/E ratio of 35.64, a P/E/G ratio of 3.95 and a beta of 0.94. The firm’s 50-day moving average price is $118.49 and its 200-day moving average price is $118.48. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. Camden Property Trust has a 1-year low of $90.50 and a 1-year high of $127.69.

Camden Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Wednesday, December 18th will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend is Wednesday, December 18th. Camden Property Trust’s dividend payout ratio (DPR) is currently 130.38%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CPT shares. Royal Bank of Canada decreased their price target on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a research report on Monday, November 4th. JPMorgan Chase & Co. downgraded Camden Property Trust from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $129.00 to $128.00 in a report on Tuesday, December 17th. Mizuho cut their target price on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. Jefferies Financial Group started coverage on Camden Property Trust in a research report on Friday, October 11th. They issued a “hold” rating and a $123.00 price target on the stock. Finally, Stifel Nicolaus downgraded Camden Property Trust from a “buy” rating to a “hold” rating and raised their price objective for the stock from $120.00 to $121.00 in a research report on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $126.75.

Insiders Place Their Bets

In other news, CEO Richard J. Campo sold 7,324 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $838,598.00. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Heather J. Brunner sold 1,853 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $212,168.50. Following the completion of the sale, the director now owns 10,537 shares in the company, valued at $1,206,486.50. This represents a 14.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,413 shares of company stock worth $2,895,718. Corporate insiders own 1.90% of the company’s stock.

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.