Camden Property Trust (NYSE:CPT) Shares Bought by Atomi Financial Group Inc.

Atomi Financial Group Inc. raised its holdings in Camden Property Trust (NYSE:CPT) by 7.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,335 shares of the real estate investment trust’s stock after purchasing an additional 166 shares during the period. Atomi Financial Group Inc.’s holdings in Camden Property Trust were worth $271,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. SMART Wealth LLC purchased a new position in shares of Camden Property Trust in the third quarter valued at approximately $829,000. Nordea Investment Management AB lifted its position in shares of Camden Property Trust by 15.0% in 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 acquiring an additional 12,805 shares in the last quarter. QRG Capital Management Inc. purchased a new position in shares of Camden Property Trust in the third quarter valued at approximately $1,660,000. Franklin Resources Inc. lifted its position in shares of Camden Property Trust by 3.2% in the third quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust’s stock valued at $23,174,000 after acquiring an additional 5,985 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Camden Property Trust by 10.5% in the third quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust’s stock valued at $66,563,000 after acquiring an additional 51,097 shares in the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Stock Performance

CPT opened at $110.62 on Monday. The stock has a market cap of $11.80 billion, a P/E ratio of 35.01, a P/E/G ratio of 4.03 and a beta of 0.94. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. The stock’s 50 day simple moving average is $117.32 and its 200 day simple moving average is $118.77. Camden Property Trust has a 1-year low of $90.50 and a 1-year high of $127.69.

Camden Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend was Wednesday, December 18th. Camden Property Trust’s dividend payout ratio (DPR) is presently 130.38%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CPT shares. Barclays reduced their price objective on Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating on the stock in a research report on Friday. Jefferies Financial Group began coverage on Camden Property Trust in a research report on Friday, October 11th. They set a “hold” rating and a $123.00 price objective on the stock. JPMorgan Chase & Co. downgraded Camden Property Trust from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $129.00 to $128.00 in a research report on Tuesday, December 17th. Royal Bank of Canada restated a “sector perform” rating and issued a $121.00 target price on shares of Camden Property Trust in a research report on Wednesday, January 22nd. Finally, Wells Fargo & Company reduced their target price on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Friday. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $125.36.

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, CEO Richard J. Campo sold 7,324 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $838,598.00. Following the transaction, the chief executive officer now owns 300,135 shares of the company’s stock, valued at $34,365,457.50. This represents a 2.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Heather J. Brunner sold 1,853 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $212,168.50. Following the transaction, the director now directly owns 10,537 shares in the company, valued at approximately $1,206,486.50. This represents a 14.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,413 shares of company stock worth $2,895,718. 1.80% of the stock is owned by insiders.

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.