Camden Property Trust (NYSE:CPT) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. lowered its stake in Camden Property Trust (NYSE:CPT) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,565 shares of the real estate investment trust’s stock after selling 289 shares during the period. Avantax Advisory Services Inc.’s holdings in Camden Property Trust were worth $530,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. boosted its holdings 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 worth $26,000 after buying an additional 98 shares during the period. First American Bank boosted its stake in Camden Property Trust by 1.0% in the 4th quarter. First American Bank now owns 10,846 shares of the real estate investment trust’s stock worth $1,259,000 after purchasing an additional 104 shares during the period. Fisher Asset Management LLC grew its position in Camden Property Trust by 2.5% during the 4th quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust’s stock worth $499,000 after purchasing an additional 105 shares in the last quarter. Doliver Advisors LP lifted its stake in Camden Property Trust by 6.7% in the 4th quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust’s stock worth $209,000 after acquiring an additional 113 shares in the last quarter. Finally, Quent Capital LLC boosted its position 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 worth $28,000 after acquiring an additional 114 shares during the period. 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 $119.16 on Friday. The business’s fifty day moving average price is $117.61 and its two-hundred day moving average price is $119.27. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. Camden Property Trust has a fifty-two week low of $94.75 and a fifty-two week high of $127.69. The stock has a market capitalization of $12.72 billion, a price-to-earnings ratio of 79.44, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 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, analysts predict that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 dividend on an annualized basis and a yield of 3.52%. Camden Property Trust’s dividend payout ratio is presently 280.00%.

Insiders Place Their Bets

In other Camden Property Trust news, CFO Alexander J. Jessett sold 1,862 shares of the business’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $204,931.72. Following the completion of the transaction, the chief financial officer now directly owns 122,384 shares of the company’s stock, valued at approximately $13,469,583.04. The trade was a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Heather J. Brunner sold 1,853 shares of Camden Property Trust stock in a transaction that occurred on 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 approximately $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 90 days, insiders sold 25,548 shares of company stock valued at $2,912,212. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Jefferies Financial Group raised shares of Camden Property Trust from a “hold” rating to a “buy” rating and increased their price target for the stock from $117.00 to $139.00 in a research report on Monday, March 10th. Truist Financial boosted their price target on Camden Property Trust from $122.00 to $129.00 and gave the stock a “buy” rating in a research report on Monday, March 10th. Scotiabank lifted their price target on shares of Camden Property Trust from $130.00 to $135.00 and gave the company a “sector perform” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. cut shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $129.00 to $128.00 in a report on Tuesday, December 17th. Finally, StockNews.com upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Camden Property Trust currently has a consensus rating of “Hold” and an average target price of $127.19.

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.