Inceptionr LLC Buys New Holdings in Camden Property Trust (NYSE:CPT)

Inceptionr LLC bought a new stake in Camden Property Trust (NYSE:CPT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,349 shares of the real estate investment trust’s stock, valued at approximately $621,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPT. Private Advisor Group LLC acquired a new position in Camden Property Trust in the third quarter valued at $210,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Camden Property Trust by 5.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,000 shares of the real estate investment trust’s stock valued at $371,000 after acquiring an additional 155 shares during the last quarter. US Bancorp DE boosted its holdings in Camden Property Trust by 19.9% in the third quarter. US Bancorp DE now owns 8,370 shares of the real estate investment trust’s stock valued at $1,034,000 after acquiring an additional 1,387 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Camden Property Trust by 10.6% in the third quarter. Van ECK Associates Corp now owns 49,730 shares of the real estate investment trust’s stock valued at $5,999,000 after acquiring an additional 4,778 shares during the last quarter. Finally, QRG Capital Management Inc. acquired a new position in Camden Property Trust in the third quarter valued at $1,660,000. Institutional investors and hedge funds own 97.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Royal Bank of Canada lifted their target price on Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a report on Monday, February 10th. StockNews.com cut Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Saturday. Barclays boosted their price objective on Camden Property Trust from $126.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Evercore ISI boosted their price objective on Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. Finally, Mizuho reduced their price objective on 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. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Camden Property Trust presently has a consensus rating of “Hold” and an average price target of $126.53.

Insider Activity at Camden Property Trust

In other news, CEO Richard J. Campo sold 1,043 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction 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 represents a 0.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Heather J. Brunner sold 264 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The shares were 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 of the company’s stock, valued at $1,130,646.38. This trade represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,413 shares of company stock valued at $2,895,718 over the last three months. 1.80% of the stock is owned by insiders.

Camden Property Trust Stock Down 0.4 %

Shares of Camden Property Trust stock opened at $121.38 on Friday. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. The firm has a market cap of $12.96 billion, a P/E ratio of 80.92, a P/E/G ratio of 4.41 and a beta of 0.94. Camden Property Trust has a fifty-two week low of $94.75 and a fifty-two week high of $127.69. The business has a 50-day moving average price of $116.27 and a 200 day moving average price of $119.55.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating the consensus estimate 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 forecast 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. Investors of record on Monday, March 31st will be issued a $1.05 dividend. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a yield of 3.46%. The ex-dividend date is Monday, March 31st. Camden Property Trust’s payout ratio is currently 280.00%.

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.