SG Americas Securities LLC Sells 19,393 Shares of Camden Property Trust (NYSE:CPT)

SG Americas Securities LLC lowered its holdings in shares of Camden Property Trust (NYSE:CPT) by 87.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,792 shares of the real estate investment trust’s stock after selling 19,393 shares during the period. SG Americas Securities LLC’s holdings in Camden Property Trust were worth $324,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. UMB Bank n.a. lifted its position in shares of Camden Property Trust by 76.6% in the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 98 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in Camden Property Trust by 5.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust’s stock valued at $294,000 after acquiring an additional 113 shares during the period. Doliver Advisors LP lifted its holdings in Camden Property Trust by 6.7% during the 4th quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust’s stock valued at $209,000 after purchasing an additional 113 shares during the last quarter. American Capital Advisory LLC lifted its holdings in Camden Property Trust by 42.7% during the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 128 shares during the last quarter. Finally, MML Investors Services LLC boosted its position in Camden Property Trust by 1.6% during the third quarter. MML Investors Services LLC now owns 9,294 shares of the real estate investment trust’s stock worth $1,148,000 after purchasing an additional 147 shares during the period. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Price Performance

Shares of CPT stock opened at $114.34 on Wednesday. The business has a fifty day simple moving average of $116.04 and a 200 day simple moving average of $118.87. The company has a market cap of $12.20 billion, a P/E ratio of 36.18, a P/E/G ratio of 4.13 and a beta of 0.94. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. Camden Property Trust has a twelve month low of $90.50 and a twelve month high of $127.69.

Camden Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders 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 dividend yield of 3.60%. Camden Property Trust’s payout ratio is currently 130.38%.

Insider Activity at Camden Property Trust

In other news, Director Heather J. Brunner sold 264 shares of Camden Property Trust 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 directly owns 10,273 shares of the company’s stock, valued at approximately $1,130,646.38. This trade represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Alexander J. Jessett sold 13,067 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 $1,496,171.50. Following the sale, the chief financial officer now owns 124,246 shares in the company, valued at approximately $14,226,167. This trade represents a 9.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,413 shares of company stock valued at $2,895,718. 1.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $121.00 price objective on shares of Camden Property Trust in a research report on Wednesday, January 22nd. Stifel Nicolaus cut shares of Camden Property Trust from a “buy” rating to a “hold” rating and increased their price target for the company from $120.00 to $121.00 in a report on Wednesday, November 13th. StockNews.com cut Camden Property Trust from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Scotiabank decreased their target price on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. cut Camden Property Trust from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $129.00 to $128.00 in a report on Tuesday, December 17th. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $125.36.

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.