35,329 Shares in Camden Property Trust (NYSE:CPT) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in Camden Property Trust (NYSE:CPT) in the fourth quarter, Holdings Channel reports. The fund acquired 35,329 shares of the real estate investment trust’s stock, valued at approximately $4,131,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CPT. SMART Wealth LLC bought a new position in shares of Camden Property Trust in the third quarter worth $829,000. Nordea Investment Management AB increased its holdings in Camden Property Trust by 15.0% in the 4th quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust’s stock valued at $11,339,000 after buying an additional 12,805 shares during the period. Franklin Resources Inc. raised its position 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 valued at $23,174,000 after buying an additional 5,985 shares in the last quarter. Principal Financial Group Inc. lifted its holdings 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 acquiring an additional 51,097 shares during the period. Finally, Atomi Financial Group Inc. lifted its holdings in shares of Camden Property Trust by 7.7% during the 4th quarter. Atomi Financial Group Inc. now owns 2,335 shares of the real estate investment trust’s stock worth $271,000 after acquiring an additional 166 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

Wall Street Analyst Weigh In

CPT has been the subject of several research analyst reports. Barclays boosted their price objective on shares of Camden Property Trust from $126.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. cut Camden Property Trust from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $129.00 to $128.00 in a report on Tuesday, December 17th. 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. StockNews.com upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, March 18th. Finally, Mizuho dropped their target price on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Camden Property Trust has an average rating of “Hold” and an average target price of $127.19.

Camden Property Trust Price Performance

CPT stock opened at $122.10 on Thursday. The company has a market capitalization of $13.04 billion, a P/E ratio of 81.40, a PEG ratio of 4.41 and a beta of 0.94. The company has a fifty day moving average price of $118.19 and a 200-day moving average price of $119.22. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. Camden Property Trust has a 52-week low of $94.75 and a 52-week high of $127.69.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. As a group, equities analysts expect that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a $1.05 dividend. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date is Monday, March 31st. Camden Property Trust’s payout ratio is currently 280.00%.

Insider Buying and Selling at Camden Property Trust

In related news, Director Heather J. Brunner sold 264 shares of the company’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $29,055.84. Following the sale, the director now owns 10,273 shares in the company, valued at $1,130,646.38. This represents a 2.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Alexander J. Jessett sold 1,862 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $204,931.72. Following the completion of the transaction, the chief financial officer now directly owns 122,384 shares in the company, valued at approximately $13,469,583.04. This trade represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,548 shares of company stock valued at $2,912,212. 1.80% of the stock is currently owned by company insiders.

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.