Camden Property Trust (NYSE:CPT) Shares Acquired by Highland Capital Management LLC

Highland Capital Management LLC boosted its position in Camden Property Trust (NYSE:CPT) by 123.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,922 shares of the real estate investment trust’s stock after acquiring an additional 8,235 shares during the quarter. Highland Capital Management LLC’s holdings in Camden Property Trust were worth $1,732,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CPT. UMB Bank n.a. increased its stake in Camden Property Trust by 76.6% in the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 98 shares during the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Camden Property Trust by 5.0% during the third quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust’s stock worth $294,000 after purchasing an additional 113 shares during the last quarter. Doliver Advisors LP lifted its holdings in shares of Camden Property Trust by 6.7% in the 4th quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust’s stock valued at $209,000 after purchasing an additional 113 shares during the last quarter. American Capital Advisory LLC boosted its position in shares of Camden Property Trust by 42.7% in the 3rd 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 during the period. Finally, MML Investors Services LLC grew its stake in Camden Property Trust by 1.6% during the 3rd quarter. MML Investors Services LLC now owns 9,294 shares of the real estate investment trust’s stock worth $1,148,000 after buying an additional 147 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on CPT shares. Jefferies Financial Group started coverage on shares of Camden Property Trust in a research report on Friday, October 11th. They set a “hold” rating and a $123.00 price objective on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $121.00 target price on shares of Camden Property Trust in a report on Wednesday, January 22nd. JPMorgan Chase & Co. downgraded Camden Property Trust from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $129.00 to $128.00 in a report on Tuesday, December 17th. Scotiabank dropped their price target on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Finally, Mizuho reduced their price objective on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Camden Property Trust presently has an average rating of “Hold” and an average target price of $125.36.

Insider Buying and Selling at Camden Property Trust

In other news, CEO Richard J. Campo sold 7,324 shares of the business’s stock in a transaction on 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Heather J. Brunner sold 264 shares of the firm’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 transaction, the director now owns 10,273 shares in the company, valued at approximately $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 25,413 shares of company stock worth $2,895,718 in the last 90 days. 1.80% of the stock is owned by company insiders.

Camden Property Trust Trading Up 2.4 %

Shares of Camden Property Trust stock opened at $113.21 on Friday. Camden Property Trust has a fifty-two week low of $90.50 and a fifty-two week high of $127.69. The business’s fifty day moving average is $116.66 and its two-hundred day moving average is $118.73. 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 firm has a market cap of $12.08 billion, a PE ratio of 35.82, a P/E/G ratio of 4.03 and a beta of 0.94.

Camden Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date was Wednesday, December 18th. Camden Property Trust’s payout ratio is 130.38%.

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.