151,807 Shares in Camden Property Trust (NYSE:CPT) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of Camden Property Trust (NYSE:CPT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 151,807 shares of the real estate investment trust’s stock, valued at approximately $17,616,000. Raymond James Financial Inc. owned about 0.14% of Camden Property Trust as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. lifted its position in Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 98 shares during the last quarter. National Pension Service acquired a new stake in Camden Property Trust during the fourth quarter worth approximately $26,000. Quent Capital LLC lifted its position in Camden Property Trust by 87.0% during the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 114 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Camden Property Trust in the third quarter valued at approximately $38,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Camden Property Trust by 117.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 206 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CPT has been the subject of a number of analyst reports. Evercore ISI lifted their price target on shares of Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. Mizuho dropped their price target on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a research report on Monday, January 6th. StockNews.com downgraded shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday, March 8th. Jefferies Financial Group upgraded shares of Camden Property Trust from a “hold” rating to a “buy” rating and lifted their price target for the company from $117.00 to $139.00 in a research report on Monday, March 10th. Finally, Stifel Nicolaus boosted their price objective on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a research report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $127.19.

Insiders Place Their Bets

In other news, Director Heather J. Brunner sold 264 shares of Camden Property Trust stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $29,055.84. Following the sale, the director now owns 10,273 shares of the company’s stock, valued at approximately $1,130,646.38. The trade was a 2.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Alexander J. Jessett sold 13,067 shares of Camden Property Trust stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $1,496,171.50. Following the transaction, the chief financial officer now directly owns 124,246 shares of the company’s stock, 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. Insiders have sold a total of 25,548 shares of company stock valued at $2,912,212 in the last quarter. Insiders own 1.80% of the company’s stock.

Camden Property Trust Stock Performance

NYSE CPT opened at $120.24 on Tuesday. Camden Property Trust has a 1 year low of $94.75 and a 1 year high of $127.69. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The stock has a market capitalization of $12.84 billion, a PE ratio of 80.16, a P/E/G ratio of 4.41 and a beta of 0.94. The company’s 50 day simple moving average is $116.87 and its two-hundred day simple moving average is $119.39.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. Analysts predict that Camden Property Trust will post 6.76 earnings per share 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. Shareholders of record on Monday, March 31st will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s dividend payout ratio (DPR) is 280.00%.

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.