Vanderbilt University Purchases 2,619 Shares of Camden Property Trust (NYSE:CPT)

Vanderbilt University boosted its holdings in shares of Camden Property Trust (NYSE:CPT) by 52.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,591 shares of the real estate investment trust’s stock after buying an additional 2,619 shares during the period. Vanderbilt University’s holdings in Camden Property Trust were worth $881,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CPT. SMART Wealth LLC bought a new stake in Camden Property Trust in the third quarter valued at about $829,000. Nordea Investment Management AB boosted its holdings in Camden Property Trust by 15.0% during the fourth quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust’s stock valued at $11,339,000 after purchasing an additional 12,805 shares in the last quarter. QRG Capital Management Inc. bought a new stake in shares of Camden Property Trust in the 3rd quarter valued at approximately $1,660,000. Franklin Resources Inc. raised its holdings in shares of Camden Property Trust by 3.2% in the 3rd quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust’s stock worth $23,174,000 after buying an additional 5,985 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Camden Property Trust by 10.5% during the 3rd quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust’s stock worth $66,563,000 after buying an additional 51,097 shares during the period. Institutional investors own 97.22% of the company’s stock.

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, Director Heather J. Brunner sold 264 shares of the 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 transaction, 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 filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard J. Campo sold 7,324 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 $838,598.00. Following the transaction, the chief executive officer now owns 300,135 shares of the company’s stock, valued at $34,365,457.50. The trade was a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,413 shares of company stock valued at $2,895,718. 1.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CPT has been the topic of a number of analyst reports. Stifel Nicolaus cut Camden Property Trust from a “buy” rating to a “hold” rating and upped their price target for the company from $120.00 to $121.00 in a research report on Wednesday, November 13th. Wells Fargo & Company lowered their target price on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $121.00 price target on shares of Camden Property Trust in a report on Wednesday, January 22nd. StockNews.com cut shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Finally, Scotiabank cut their target price on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $125.36.

Camden Property Trust Stock Performance

Camden Property Trust stock opened at $116.34 on Thursday. The company has a market cap of $12.41 billion, a PE ratio of 36.82, a PEG ratio of 4.13 and a beta of 0.94. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. Camden Property Trust has a 1 year low of $90.50 and a 1 year high of $127.69. The company’s 50-day moving average is $115.82 and its two-hundred day moving average is $118.86.

Camden Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th were paid a $1.03 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $4.12 dividend on an annualized basis and a yield of 3.54%. Camden Property Trust’s payout ratio is presently 130.38%.

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.