ING Groep NV Buys Shares of 13,625 Camden Property Trust (NYSE:CPT)

ING Groep NV purchased a new position in shares of Camden Property Trust (NYSE:CPT) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 13,625 shares of the real estate investment trust’s stock, valued at approximately $1,581,000.

A number of other institutional investors have also modified their holdings of the company. UMB Bank n.a. boosted its holdings in Camden Property Trust by 76.6% during the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 98 shares during the period. Quent Capital LLC lifted its position in shares of 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 purchasing an additional 114 shares in the last quarter. Neo Ivy Capital Management purchased a new position in shares of Camden Property Trust in the third quarter valued at approximately $38,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Camden Property Trust by 117.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 206 shares during the period. Finally, American Capital Advisory LLC grew its holdings in shares of Camden Property Trust by 42.7% in 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. 97.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CPT shares. Scotiabank increased their target price on shares of Camden Property Trust from $130.00 to $135.00 and gave the stock a “sector perform” rating in a report on Friday, February 14th. StockNews.com cut Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Thursday. Royal Bank of Canada boosted their target price on Camden Property Trust from $121.00 to $123.00 and gave the stock a “sector perform” rating in a research note on Monday, February 10th. Barclays increased their price target on Camden Property Trust from $126.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Finally, Stifel Nicolaus boosted their price objective on Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Camden Property Trust has a consensus rating of “Hold” and an average price target of $126.53.

Camden Property Trust Trading Down 0.8 %

NYSE:CPT opened at $119.93 on Monday. Camden Property Trust has a 1 year low of $92.26 and a 1 year high of $127.69. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. The stock has a fifty day moving average price of $115.03 and a two-hundred day moving average price of $119.33. The stock has a market capitalization of $12.79 billion, a price-to-earnings ratio of 79.95, a PEG ratio of 4.41 and a beta of 0.94.

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, 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%. As a group, 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 company also recently declared 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. The ex-dividend date is Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.50%. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s dividend payout ratio is currently 274.67%.

Insider Activity at Camden Property Trust

In other Camden Property Trust news, Director Heather J. Brunner sold 264 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $29,055.84. Following the sale, the director now owns 10,273 shares of the company’s stock, valued at approximately $1,130,646.38. This represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard J. Campo sold 1,043 shares of the firm’s stock in a transaction on Wednesday, January 8th. The shares were 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 owns 299,092 shares of the company’s stock, valued at approximately $32,918,065.52. This represents a 0.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,413 shares of company stock valued at $2,895,718 in the last ninety days. Corporate insiders own 1.80% of the company’s stock.

About Camden Property Trust

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.