Camden Property Trust (NYSE:CPT) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System trimmed its holdings in shares of Camden Property Trust (NYSE:CPT) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,700 shares of the real estate investment trust’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Camden Property Trust were worth $661,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. UMB Bank n.a. lifted its stake in Camden Property Trust by 76.6% during the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 98 shares during the period. Verdence Capital Advisors LLC lifted its stake in Camden Property Trust by 5.0% during 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 stake 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 acquiring an additional 113 shares during the period. Quent Capital LLC lifted its stake in Camden Property Trust by 87.0% during the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 114 shares during the period. Finally, NovaPoint Capital LLC lifted its stake in shares of Camden Property Trust by 2.1% in the 4th quarter. NovaPoint Capital LLC now owns 5,526 shares of the real estate investment trust’s stock valued at $641,000 after purchasing an additional 115 shares during the period. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Camden Property Trust news, CEO Richard J. Campo sold 1,043 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $114,792.58. Following the transaction, the chief executive officer now owns 299,092 shares of the company’s stock, valued at $32,918,065.52. This represents a 0.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Heather J. Brunner sold 1,853 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $212,168.50. Following the completion of the transaction, the director now directly owns 10,537 shares in the company, valued at $1,206,486.50. The trade was a 14.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,413 shares of company stock valued at $2,895,718. 1.80% of the stock is currently owned by insiders.

Camden Property Trust Price Performance

Camden Property Trust stock opened at $119.24 on Wednesday. Camden Property Trust has a 52-week low of $92.26 and a 52-week high of $127.69. The firm has a market capitalization of $12.72 billion, a price-to-earnings ratio of 79.49, a PEG ratio of 4.27 and a beta of 0.94. The company has a fifty day simple moving average of $115.12 and a 200-day simple moving average of $119.26. 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 (NYSE:CPT) last released its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.32%. On average, equities analysts anticipate that Camden Property Trust will post 6.8 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be given a dividend of $1.05 per share. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.20 annualized dividend and a dividend yield of 3.52%. Camden Property Trust’s payout ratio is presently 274.67%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CPT. Wells Fargo & Company decreased their target price on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Scotiabank boosted their target price on shares of Camden Property Trust from $130.00 to $135.00 and gave the company a “sector perform” rating in a research note on Friday, February 14th. Evercore ISI boosted their target price on shares of Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. cut shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. Finally, StockNews.com upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $126.31.

Camden Property Trust 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.