abrdn plc Has $31.95 Million Position in Camden Property Trust (NYSE:CPT)

abrdn plc reduced its position in shares of Camden Property Trust (NYSE:CPT) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 277,242 shares of the real estate investment trust’s stock after selling 12,427 shares during the period. abrdn plc’s holdings in Camden Property Trust were worth $31,952,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. UMB Bank n.a. boosted its position in shares of Camden Property Trust by 76.6% during 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. Verdence Capital Advisors LLC boosted its position in Camden Property Trust by 5.0% during 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 last quarter. Doliver Advisors LP boosted its position in Camden Property Trust by 6.7% during the fourth quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust’s stock valued at $209,000 after purchasing an additional 113 shares during the last quarter. American Capital Advisory LLC boosted its position in 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 valued at $53,000 after purchasing an additional 128 shares during the last quarter. Finally, MML Investors Services LLC boosted its position in Camden Property Trust by 1.6% during the third quarter. MML Investors Services LLC now owns 9,294 shares of the real estate investment trust’s stock valued at $1,148,000 after purchasing an additional 147 shares during the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wells Fargo & Company reduced their price target on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Jefferies Financial Group started coverage on Camden Property Trust in a research report on Friday, October 11th. They set a “hold” rating and a $123.00 price target for the company. JPMorgan Chase & Co. lowered Camden Property Trust from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. Stifel Nicolaus lowered Camden Property Trust from a “buy” rating to a “hold” rating and upped their price objective for the company from $120.00 to $121.00 in a research note on Wednesday, November 13th. Finally, Barclays lowered their target price on Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $125.36.

Camden Property Trust Trading Up 1.8 %

Shares of NYSE:CPT opened at $116.34 on Thursday. The company has a market capitalization of $12.41 billion, a P/E ratio of 36.82, a P/E/G ratio of 4.13 and a beta of 0.94. Camden Property Trust has a 1 year low of $90.50 and a 1 year high of $127.69. 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 business’s 50 day simple moving average is $115.82 and its 200 day simple moving average is $118.86.

Camden Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th were paid a $1.03 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $4.12 annualized dividend and a dividend yield of 3.54%. Camden Property Trust’s payout ratio is 130.38%.

Insider Activity

In other Camden Property Trust news, CFO Alexander J. Jessett sold 13,067 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $1,496,171.50. Following the sale, the chief financial officer now owns 124,246 shares in the company, valued at approximately $14,226,167. The trade was a 9.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Heather J. Brunner sold 1,853 shares of the company’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 completion of the sale, the director now owns 10,537 shares in the company, valued at $1,206,486.50. This trade represents a 14.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,413 shares of company stock worth $2,895,718. Insiders own 1.90% of the company’s stock.

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.