Tredje AP fonden Has $991,000 Stock Position in Camden Property Trust (NYSE:CPT)

Tredje AP fonden cut its holdings in Camden Property Trust (NYSE:CPT) by 50.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,543 shares of the real estate investment trust’s stock after selling 8,543 shares during the period. Tredje AP fonden’s holdings in Camden Property Trust were worth $991,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Wellington Management Group LLP increased its stake in Camden Property Trust by 86.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock worth $243,952,000 after acquiring an additional 918,078 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Camden Property Trust by 508.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 946,417 shares of the real estate investment trust’s stock worth $116,911,000 after purchasing an additional 790,974 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in Camden Property Trust by 97.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust’s stock valued at $158,028,000 after purchasing an additional 630,768 shares in the last quarter. Heitman Real Estate Securities LLC lifted its position in Camden Property Trust by 3,155.8% during the third quarter. Heitman Real Estate Securities LLC now owns 449,295 shares of the real estate investment trust’s stock worth $55,501,000 after purchasing an additional 435,495 shares during the period. Finally, FMR LLC grew its stake in Camden Property Trust by 14.5% during the third quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust’s stock worth $407,324,000 after buying an additional 416,701 shares in the last quarter. 97.22% of the stock is owned by institutional investors.

Camden Property Trust Stock Up 1.3 %

Shares of CPT opened at $118.23 on Friday. The stock’s 50-day moving average price is $116.74 and its two-hundred day moving average price is $119.46. Camden Property Trust has a 12 month low of $94.75 and a 12 month high of $127.69. The company has a market capitalization of $12.62 billion, a PE ratio of 78.82, a PEG ratio of 4.41 and a beta of 0.94. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73.

Camden Property Trust (NYSE:CPT) last released its earnings results 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%. On average, analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.20 annualized dividend and a yield of 3.55%. Camden Property Trust’s payout ratio is presently 280.00%.

Insider Buying and Selling at Camden Property Trust

In other news, CFO Alexander J. Jessett sold 13,067 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was 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 of the company’s stock, valued at $14,226,167. The trade was a 9.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Heather J. Brunner sold 1,853 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $114.50, for a total value 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 represents a 14.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,548 shares of company stock valued at $2,912,212. 1.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CPT. Royal Bank of Canada upped their price target 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. Truist Financial upped their target price on Camden Property Trust from $122.00 to $129.00 and gave the stock a “buy” rating in a research note on Monday, March 10th. Barclays lifted their price target on Camden Property Trust from $126.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Wells Fargo & Company dropped their price objective on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Finally, Stifel Nicolaus lifted their target price on Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $127.19.

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.