Park Avenue Securities LLC Purchases 340 Shares of Camden Property Trust (NYSE:CPT)

Park Avenue Securities LLC grew its position in shares of Camden Property Trust (NYSE:CPT) by 8.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,501 shares of the real estate investment trust’s stock after buying an additional 340 shares during the quarter. Park Avenue Securities LLC’s holdings in Camden Property Trust were worth $522,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Federated Hermes Inc. bought a new position in Camden Property Trust in the 2nd quarter valued at approximately $33,000. Neo Ivy Capital Management purchased a new position in shares of Camden Property Trust in the third quarter worth $38,000. American Capital Advisory LLC lifted its holdings 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 purchased a new stake in shares of Camden Property Trust during the third quarter valued at $62,000. Finally, Versant Capital Management Inc increased its holdings in Camden Property Trust by 77.7% in the 4th quarter. Versant Capital Management Inc now owns 716 shares of the real estate investment trust’s stock worth $83,000 after buying an additional 313 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, Director Heather J. Brunner sold 1,853 shares of the firm’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 sale, the director now directly owns 10,537 shares of the company’s stock, valued at $1,206,486.50. This trade represents a 14.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard J. Campo sold 1,043 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 value of $114,792.58. Following the completion of the transaction, the chief executive officer now directly owns 299,092 shares of the company’s stock, valued at approximately $32,918,065.52. This trade represents a 0.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,413 shares of company stock valued at $2,895,718 over the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Camden Property Trust Stock Down 0.9 %

NYSE CPT opened at $109.96 on Friday. Camden Property Trust has a 52 week low of $90.50 and a 52 week high of $127.69. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $11.73 billion, a P/E ratio of 34.80, a price-to-earnings-growth ratio of 4.09 and a beta of 0.94. The stock’s 50-day moving average price is $117.72 and its 200-day moving average price is $118.67.

Camden Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend was Wednesday, December 18th. Camden Property Trust’s payout ratio is 130.38%.

Analysts Set New Price Targets

Several research firms have issued reports on CPT. 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 research note on Monday, January 6th. Barclays began coverage on shares of Camden Property Trust in a research report on Tuesday, December 17th. They set an “overweight” rating and a $138.00 price objective on the stock. Jefferies Financial Group started coverage on shares of Camden Property Trust in a research report on Friday, October 11th. They issued a “hold” rating and a $123.00 target price for the company. Scotiabank lowered their price target on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Finally, Stifel Nicolaus downgraded Camden Property Trust from a “buy” rating to a “hold” rating and raised their price target for the stock from $120.00 to $121.00 in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $126.42.

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.