Blue Trust Inc. Acquires 538 Shares of Camden Property Trust (NYSE:CPT)

Blue Trust Inc. lifted its holdings in shares of Camden Property Trust (NYSE:CPT) by 57.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,469 shares of the real estate investment trust’s stock after buying an additional 538 shares during the quarter. Blue Trust Inc.’s holdings in Camden Property Trust were worth $182,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp grew its holdings in Camden Property Trust by 0.5% during the 3rd quarter. State Street Corp now owns 7,118,930 shares of the real estate investment trust’s stock worth $886,693,000 after acquiring an additional 36,528 shares during the period. FMR LLC boosted its position in shares of Camden Property Trust by 14.5% in the 3rd quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust’s stock worth $407,324,000 after purchasing an additional 416,701 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Camden Property Trust by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,739,831 shares of the real estate investment trust’s stock worth $337,394,000 after purchasing an additional 20,097 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Camden Property Trust by 86.9% during the third quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock worth $243,952,000 after purchasing an additional 918,078 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Camden Property Trust by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,498,742 shares of the real estate investment trust’s stock valued at $185,140,000 after purchasing an additional 51,742 shares during the last quarter. 97.22% of the stock is owned by institutional investors.

Insider Activity at Camden Property Trust

In other news, CFO Alexander J. Jessett sold 13,067 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $1,496,171.50. Following the completion of the sale, the chief financial officer now owns 124,246 shares of the company’s stock, valued at approximately $14,226,167. This represents a 9.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Heather J. Brunner sold 1,853 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $212,168.50. Following the transaction, the director now owns 10,537 shares in the company, valued at approximately $1,206,486.50. The trade was a 14.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,413 shares of company stock valued at $2,895,718. Corporate insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

CPT has been the topic of a number of recent analyst reports. Barclays reduced their target price on Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Wells Fargo & Company reduced their price objective on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Mizuho lowered 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 research note on Monday, January 6th. JPMorgan Chase & Co. cut shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $129.00 to $128.00 in a research report on Tuesday, December 17th. Finally, StockNews.com lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $125.36.

Camden Property Trust Trading Up 0.7 %

NYSE CPT opened at $114.34 on Wednesday. The stock has a market capitalization of $12.20 billion, a price-to-earnings ratio of 36.18, a PEG ratio of 4.13 and a beta of 0.94. Camden Property Trust has a 52 week low of $90.50 and a 52 week high of $127.69. The stock’s 50 day moving average price is $116.04 and its two-hundred day moving average price is $118.87. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15.

Camden Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Wednesday, December 18th were issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend was Wednesday, December 18th. Camden Property Trust’s payout ratio is 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.