Jones Financial Companies Lllp Grows Stock Position in Camden Property Trust (NYSE:CPT)

Jones Financial Companies Lllp grew its position in Camden Property Trust (NYSE:CPT) by 220.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 558 shares of the real estate investment trust’s stock after acquiring an additional 384 shares during the quarter. Jones Financial Companies Lllp’s holdings in Camden Property Trust were worth $65,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GSA Capital Partners LLP acquired a new stake in Camden Property Trust during the third quarter worth $453,000. CIBC Asset Management Inc increased its stake in Camden Property Trust by 7.5% during the third quarter. CIBC Asset Management Inc now owns 16,168 shares of the real estate investment trust’s stock worth $1,997,000 after acquiring an additional 1,130 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in Camden Property Trust by 10.7% during the third quarter. Mutual of America Capital Management LLC now owns 37,760 shares of the real estate investment trust’s stock worth $4,664,000 after acquiring an additional 3,646 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Camden Property Trust in the third quarter valued at $790,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Camden Property Trust by 2.1% in the third quarter. PNC Financial Services Group Inc. now owns 16,908 shares of the real estate investment trust’s stock valued at $2,089,000 after buying an additional 351 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Performance

Shares of NYSE CPT opened at $120.24 on Tuesday. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. The firm’s 50-day moving average price is $116.87 and its two-hundred day moving average price is $119.39. Camden Property Trust has a 52-week low of $94.75 and a 52-week high of $127.69. The stock has a market capitalization of $12.84 billion, a P/E ratio of 80.16, a P/E/G ratio of 4.41 and a beta of 0.94.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. As a group, sell-side analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The business 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. The ex-dividend date is Monday, March 31st. This represents a $4.20 annualized dividend and a dividend yield of 3.49%. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s dividend payout ratio is currently 280.00%.

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, CFO Alexander J. Jessett sold 13,067 shares of the business’s stock in a transaction on 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 sale, the chief financial officer now directly owns 124,246 shares of the company’s stock, valued at $14,226,167. The trade was a 9.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Heather J. Brunner sold 264 shares of the business’s stock in a transaction on 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 directly owns 10,273 shares in the company, valued at approximately $1,130,646.38. This trade represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,548 shares of company stock valued at $2,912,212. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

CPT has been the subject of a number of research reports. Truist Financial lifted their price objective on Camden Property Trust from $122.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, March 10th. Mizuho dropped their price objective on 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. Stifel Nicolaus lifted their target price on Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a report on Friday, February 7th. Royal Bank of Canada lifted their target price on Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a report on Monday, February 10th. Finally, StockNews.com lowered Camden Property Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 8th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $127.19.

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.