Camden Property Trust (NYSE:CPT) Shares Sold by American International Group Inc.

American International Group Inc. decreased its holdings in Camden Property Trust (NYSE:CPT) by 0.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,974 shares of the real estate investment trust’s stock after selling 253 shares during the quarter. American International Group Inc.’s holdings in Camden Property Trust were worth $2,778,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CPT. Norges Bank acquired a new stake in shares of Camden Property Trust in the 4th quarter worth $376,933,000. Centersquare Investment Management LLC boosted its position in shares of Camden Property Trust by 2,517.6% in the 4th quarter. Centersquare Investment Management LLC now owns 1,398,343 shares of the real estate investment trust’s stock worth $138,841,000 after purchasing an additional 1,344,923 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Camden Property Trust by 41.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,044,988 shares of the real estate investment trust’s stock worth $382,575,000 after purchasing an additional 1,187,974 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Camden Property Trust by 111.4% in the 4th quarter. BNP Paribas Financial Markets now owns 573,956 shares of the real estate investment trust’s stock worth $56,988,000 after purchasing an additional 302,439 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Camden Property Trust by 23.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,465,159 shares of the real estate investment trust’s stock worth $145,478,000 after acquiring an additional 277,634 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Price Performance

Shares of Camden Property Trust stock opened at $111.10 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.71. Camden Property Trust has a twelve month low of $82.81 and a twelve month high of $114.04. The business has a 50-day moving average price of $104.03 and a 200 day moving average price of $99.60. The firm has a market cap of $11.84 billion, a PE ratio of 27.23, a P/E/G ratio of 4.28 and a beta of 0.86.

Camden Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Friday, June 28th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend is Friday, June 28th. Camden Property Trust’s payout ratio is 100.98%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. UBS Group raised their target price on Camden Property Trust from $105.00 to $109.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 14th. Mizuho reduced their target price on Camden Property Trust from $111.00 to $108.00 and set a “buy” rating for the company in a research note on Thursday, May 30th. Wells Fargo & Company raised their target price on Camden Property Trust from $92.00 to $104.00 and gave the stock an “underweight” rating in a research note on Friday, May 31st. StockNews.com upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, JPMorgan Chase & Co. raised their target price on Camden Property Trust from $104.00 to $112.00 and gave the stock a “neutral” rating in a research note on Monday, June 17th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $107.31.

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 58,634 apartment homes across the United States.