Camden Property Trust (NYSE:CPT) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its position in Camden Property Trust (NYSE:CPT) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 297,519 shares of the real estate investment trust’s stock after buying an additional 6,550 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.28% of Camden Property Trust worth $34,524,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. UMB Bank n.a. raised its position in 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 valued at $26,000 after buying an additional 98 shares during the period. Neo Ivy Capital Management bought a new stake in Camden Property Trust during the 3rd quarter valued at approximately $38,000. MassMutual Private Wealth & Trust FSB boosted its stake in Camden Property Trust by 117.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 206 shares during the period. American Capital Advisory LLC raised its holdings in Camden Property Trust by 42.7% in the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 128 shares in the last quarter. Finally, Sentry Investment Management LLC acquired a new position in shares of Camden Property Trust in the 3rd quarter worth approximately $62,000. Institutional investors and hedge funds own 97.22% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Scotiabank dropped their price target on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. JPMorgan Chase & Co. lowered 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 research report on Tuesday, December 17th. Barclays reduced their price target on Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. StockNews.com downgraded Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada lifted their price target on Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $126.03.

Insider Activity

In other news, Director Heather J. Brunner sold 264 shares of the firm’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $29,055.84. Following the sale, the director now owns 10,273 shares in the company, valued at approximately $1,130,646.38. This trade represents a 2.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Alexander J. Jessett sold 13,067 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction 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. This trade represents a 9.52 % 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. 1.80% of the stock is currently owned by corporate insiders.

Camden Property Trust Trading Up 0.5 %

Shares of CPT stock opened at $119.97 on Wednesday. The company has a 50 day moving average of $115.37 and a 200-day moving average of $119.08. The firm has a market cap of $12.80 billion, a P/E ratio of 79.98, a PEG ratio of 4.27 and a beta of 0.94. Camden Property Trust has a 12-month low of $90.50 and a 12-month high of $127.69. 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 (NYSE:CPT) last released its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, topping the consensus estimate of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.32%. Sell-side analysts anticipate that Camden Property Trust will post 6.8 earnings per share for the current year.

Camden Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be given a dividend of $1.05 per share. The ex-dividend date is Monday, March 31st. This represents a $4.20 annualized dividend and a dividend yield of 3.50%. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s dividend payout ratio (DPR) is 274.67%.

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.