Arkadios Wealth Advisors Invests $252,000 in Camden Property Trust (NYSE:CPT)

Arkadios Wealth Advisors purchased a new stake in shares of Camden Property Trust (NYSE:CPT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,170 shares of the real estate investment trust’s stock, valued at approximately $252,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CPT. SMART Wealth LLC bought a new position in Camden Property Trust during the 3rd quarter valued at about $829,000. Nordea Investment Management AB raised its holdings in shares of Camden Property Trust by 15.0% during the fourth quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust’s stock valued at $11,339,000 after purchasing an additional 12,805 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in Camden Property Trust in the third quarter worth approximately $1,660,000. Franklin Resources Inc. grew its position in Camden Property Trust by 3.2% in the 3rd quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust’s stock worth $23,174,000 after purchasing an additional 5,985 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Camden Property Trust by 10.5% during the 3rd quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust’s stock valued at $66,563,000 after buying an additional 51,097 shares during the last quarter. Institutional investors own 97.22% of the company’s stock.

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, CEO Richard J. Campo sold 1,043 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 value of $114,792.58. Following the sale, the chief executive officer now owns 299,092 shares in the company, valued at $32,918,065.52. The trade was a 0.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Heather J. Brunner sold 264 shares of the firm’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 $29,055.84. Following the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 25,413 shares of company stock valued at $2,895,718 in the last three months. 1.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CPT has been the topic of a number of research reports. Stifel Nicolaus downgraded Camden Property Trust from a “buy” rating to a “hold” rating and raised their price target for the stock from $120.00 to $121.00 in a research note on Wednesday, November 13th. Mizuho dropped their target price on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a research report on Monday, January 6th. StockNews.com lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Barclays began coverage on shares of Camden Property Trust in a report on Tuesday, December 17th. They issued an “overweight” rating and a $138.00 price objective on the stock. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $121.00 target price on shares of Camden Property Trust in a report on Wednesday. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $126.42.

Camden Property Trust Stock Performance

NYSE CPT opened at $109.96 on Friday. 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. The business has a 50-day moving average price of $117.72 and a 200-day moving average price of $118.67. The firm has a market cap of $11.73 billion, a price-to-earnings ratio of 34.80, a price-to-earnings-growth ratio of 4.09 and a beta of 0.94.

Camden Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th were paid a $1.03 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $4.12 annualized dividend and a yield of 3.75%. Camden Property Trust’s payout ratio is 130.38%.

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.