Rhumbline Advisers Lowers Position in Camden Property Trust (NYSE:CPT)

Rhumbline Advisers decreased its stake in shares of Camden Property Trust (NYSE:CPT) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 201,245 shares of the real estate investment trust’s stock after selling 2,593 shares during the period. Rhumbline Advisers owned about 0.19% of Camden Property Trust worth $23,352,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. State Street Corp grew its holdings in shares of Camden Property Trust by 0.5% in the third quarter. State Street Corp now owns 7,118,930 shares of the real estate investment trust’s stock valued at $886,693,000 after acquiring an additional 36,528 shares in the last quarter. FMR LLC boosted its holdings in shares of Camden Property Trust by 14.5% in the 3rd quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust’s stock worth $407,324,000 after buying an additional 416,701 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Camden Property Trust by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,739,831 shares of the real estate investment trust’s stock worth $337,394,000 after purchasing an additional 20,097 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Camden Property Trust by 86.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock valued at $243,952,000 after buying an additional 918,078 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Camden Property Trust by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,498,742 shares of the real estate investment trust’s stock worth $185,140,000 after purchasing an additional 51,742 shares during the period. Institutional investors own 97.22% of the company’s stock.

Insider Activity

In other Camden Property Trust news, CEO Richard J. Campo sold 7,324 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $838,598.00. Following the completion of the transaction, the chief executive officer now directly owns 300,135 shares in the company, valued at $34,365,457.50. This represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Alexander J. Jessett sold 13,067 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 $1,496,171.50. Following the completion of the sale, 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 25,413 shares of company stock valued at $2,895,718 in the last 90 days. 1.80% of the stock is currently owned by insiders.

Camden Property Trust Stock Up 1.6 %

Shares of Camden Property Trust stock opened at $120.86 on Friday. The company has a 50-day simple moving average of $115.03 and a two-hundred day simple moving average of $119.27. The stock has a market capitalization of $12.89 billion, a PE ratio of 80.57, a price-to-earnings-growth ratio of 4.36 and a beta of 0.94. Camden Property Trust has a 52-week low of $92.26 and a 52-week high of $127.69. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. On average, analysts anticipate that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 3.48%. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, March 31st. Camden Property Trust’s dividend payout ratio (DPR) is presently 274.67%.

Wall Street Analysts Forecast Growth

CPT has been the subject of several recent analyst reports. Mizuho reduced their price objective on shares of 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. StockNews.com downgraded Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Thursday. Barclays boosted their target price on Camden Property Trust from $126.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday. Stifel Nicolaus boosted their price target on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. Finally, Royal Bank of Canada lifted their price objective on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a “sector perform” rating in a report on Monday, February 10th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Camden Property Trust currently has an average rating of “Hold” and an average price target of $126.53.

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.