Camden Property Trust (NYSE:CPT) Stake Lifted by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its stake in Camden Property Trust (NYSE:CPT) by 5.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,691 shares of the real estate investment trust’s stock after buying an additional 198 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Camden Property Trust were worth $428,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CPT. American Century Companies Inc. lifted its position in Camden Property Trust by 690.1% in the 2nd quarter. American Century Companies Inc. now owns 248,533 shares of the real estate investment trust’s stock valued at $27,117,000 after purchasing an additional 217,076 shares during the last quarter. Federated Hermes Inc. acquired a new stake in shares of Camden Property Trust in the second quarter valued at approximately $33,000. Envestnet Asset Management Inc. raised its holdings in shares of Camden Property Trust by 12.4% during the second quarter. Envestnet Asset Management Inc. now owns 222,545 shares of the real estate investment trust’s stock valued at $24,282,000 after buying an additional 24,591 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Camden Property Trust by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,597,441 shares of the real estate investment trust’s stock worth $174,299,000 after buying an additional 54,475 shares during the period. Finally, Mutual of America Capital Management LLC boosted its position in shares of Camden Property Trust by 17.0% during the second quarter. Mutual of America Capital Management LLC now owns 34,114 shares of the real estate investment trust’s stock worth $3,722,000 after buying an additional 4,964 shares during the period. Institutional investors and hedge funds 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 firm’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 transaction, the director now directly owns 10,273 shares in the company, valued at $1,130,646.38. This trade represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Alexander J. Jessett sold 1,862 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 value of $204,931.72. Following the sale, the chief financial officer now owns 122,384 shares of the company’s stock, valued at approximately $13,469,583.04. This trade represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,413 shares of company stock worth $2,895,718 over the last ninety days. 1.90% of the stock is currently owned by insiders.

Camden Property Trust Stock Performance

Shares of CPT stock opened at $112.57 on Wednesday. Camden Property Trust has a fifty-two week low of $90.50 and a fifty-two week high of $127.69. The stock’s 50-day moving average is $118.72 and its two-hundred day moving average is $118.57. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. The firm has a market cap of $12.01 billion, a P/E ratio of 35.62, a PEG ratio of 4.40 and a beta of 0.94.

Camden Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Wednesday, December 18th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.66%. The ex-dividend date is Wednesday, December 18th. Camden Property Trust’s payout ratio is presently 130.38%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CPT shares. JPMorgan Chase & Co. downgraded Camden Property Trust from a “neutral” rating to an “underweight” rating and cut their target price for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. Barclays started coverage on shares of Camden Property Trust in a report on Tuesday, December 17th. They issued an “overweight” rating and a $138.00 price objective for the company. StockNews.com cut shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Stifel Nicolaus lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating and upped their price target for the stock from $120.00 to $121.00 in a research note on Wednesday, November 13th. Finally, Scotiabank lowered their price objective 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. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Camden Property Trust presently has a consensus rating of “Hold” and a consensus price target of $126.75.

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.