HighTower Advisors LLC Increases Holdings in Camden Property Trust (NYSE:CPT)

HighTower Advisors LLC increased its stake in shares of Camden Property Trust (NYSE:CPT) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 61,791 shares of the real estate investment trust’s stock after buying an additional 3,935 shares during the quarter. HighTower Advisors LLC’s holdings in Camden Property Trust were worth $7,170,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. UMB Bank n.a. lifted its position 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 worth $26,000 after buying an additional 98 shares in the last quarter. First American Bank increased its stake in Camden Property Trust by 1.0% during the fourth quarter. First American Bank now owns 10,846 shares of the real estate investment trust’s stock worth $1,259,000 after acquiring an additional 104 shares during the last quarter. Fisher Asset Management LLC increased its stake in Camden Property Trust by 2.5% during the fourth quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust’s stock worth $499,000 after acquiring an additional 105 shares during the last quarter. Doliver Advisors LP increased its stake in Camden Property Trust by 6.7% during the fourth quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust’s stock worth $209,000 after acquiring an additional 113 shares during the last quarter. Finally, Quent Capital LLC increased its stake 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 worth $28,000 after acquiring an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Insiders Place Their Bets

In other news, Director Heather J. Brunner sold 264 shares of the business’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 $29,055.84. Following the completion of the sale, the director now directly owns 10,273 shares of the company’s stock, valued at approximately $1,130,646.38. The trade was a 2.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Alexander J. Jessett sold 13,067 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 value of $1,496,171.50. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,548 shares of company stock valued at $2,912,212 in the last ninety days. Insiders own 1.80% of the company’s stock.

Camden Property Trust Trading Down 0.5 %

NYSE:CPT opened at $119.55 on Wednesday. The firm has a market cap of $12.76 billion, a PE ratio of 79.70, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. The stock has a fifty day moving average price of $117.06 and a 200 day moving average price of $119.35. Camden Property Trust has a 12-month low of $94.75 and a 12-month high of $127.69. 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 announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. Sell-side analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.51%. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, March 31st. Camden Property Trust’s payout ratio is 280.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CPT shares. StockNews.com raised Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday. Evercore ISI raised their target price 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. JPMorgan Chase & Co. cut Camden Property Trust from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $129.00 to $128.00 in a research note on Tuesday, December 17th. Truist Financial raised 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. Finally, 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 note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Camden Property Trust presently has an average rating of “Hold” and an average target price of $127.19.

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.