Highland Capital Management LLC Purchases 8,235 Shares of Camden Property Trust (NYSE:CPT)

Highland Capital Management LLC increased its position in shares of Camden Property Trust (NYSE:CPT) by 123.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,922 shares of the real estate investment trust’s stock after buying an additional 8,235 shares during the period. Highland Capital Management LLC’s holdings in Camden Property Trust were worth $1,732,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CPT. UMB Bank n.a. increased its position in shares of Camden Property Trust by 76.6% in the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 98 shares during the period. Verdence Capital Advisors LLC increased its holdings in shares of Camden Property Trust by 5.0% in the third quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust’s stock valued at $294,000 after purchasing an additional 113 shares during the period. Doliver Advisors LP raised its stake in shares of Camden Property Trust by 6.7% in the fourth quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust’s stock worth $209,000 after purchasing an additional 113 shares during the last quarter. American Capital Advisory LLC lifted its holdings in shares of Camden Property Trust by 42.7% during the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 128 shares during the period. Finally, MML Investors Services LLC lifted its stake in Camden Property Trust by 1.6% during the 3rd quarter. MML Investors Services LLC now owns 9,294 shares of the real estate investment trust’s stock valued at $1,148,000 after acquiring an additional 147 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. StockNews.com downgraded shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Wells Fargo & Company lowered their price objective 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, January 24th. 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, January 22nd. Scotiabank lowered their target price on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. cut Camden Property Trust from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $129.00 to $128.00 in a report on Tuesday, December 17th. Two investment 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. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $125.36.

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, Director Heather J. Brunner sold 1,853 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were 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 $1,206,486.50. The trade was a 14.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Richard J. Campo sold 7,324 shares of the stock in a transaction dated 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 directly owns 300,135 shares of the company’s stock, valued at approximately $34,365,457.50. This trade represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,413 shares of company stock worth $2,895,718 in the last three months. 1.80% of the stock is owned by corporate insiders.

Camden Property Trust Stock Performance

CPT opened at $113.21 on Friday. Camden Property Trust has a twelve month low of $90.50 and a twelve month high of $127.69. The firm has a market capitalization of $12.08 billion, a PE ratio of 35.82, a PEG ratio of 4.03 and a beta of 0.94. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. The firm’s 50-day moving average price is $116.66 and its 200 day moving average price is $118.73.

Camden Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Wednesday, December 18th were given a dividend of $1.03 per share. The ex-dividend date was Wednesday, December 18th. This represents a $4.12 dividend on an annualized basis and a yield of 3.64%. 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.