Handelsbanken Fonder AB Trims Stake in Camden Property Trust (NYSE:CPT)

Handelsbanken Fonder AB cut its position in Camden Property Trust (NYSE:CPT) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,700 shares of the real estate investment trust’s stock after selling 2,000 shares during the period. Handelsbanken Fonder AB’s holdings in Camden Property Trust were worth $3,446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. State Street Corp raised its stake 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 during the period. FMR LLC increased its position in Camden Property Trust by 14.5% during the 3rd quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust’s stock valued at $407,324,000 after purchasing an additional 416,701 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Camden Property Trust by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,739,831 shares of the real estate investment trust’s stock valued at $337,394,000 after buying an additional 20,097 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Camden Property Trust by 86.9% in 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Camden Property Trust by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,498,742 shares of the real estate investment trust’s stock valued at $185,140,000 after buying an additional 51,742 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Trading Down 0.8 %

Shares of CPT stock opened at $119.93 on Monday. The company’s 50-day moving average price is $115.03 and its 200-day moving average price is $119.33. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. The stock has a market cap of $12.79 billion, a price-to-earnings ratio of 79.95, a PEG ratio of 4.41 and a beta of 0.94. Camden Property Trust has a twelve month low of $92.26 and a twelve month high of $127.69.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, beating 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%. As a group, equities analysts predict that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 dividend on an annualized basis and a yield of 3.50%. Camden Property Trust’s dividend payout ratio is 274.67%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Royal Bank of Canada lifted their target price on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a “sector perform” rating in a research note on Monday, February 10th. Scotiabank lifted their price objective on shares of Camden Property Trust from $130.00 to $135.00 and gave the company a “sector perform” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. lowered shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and cut their target price for the company from $129.00 to $128.00 in a report on Tuesday, December 17th. Mizuho cut their price target on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Monday, January 6th. Finally, Wells Fargo & Company cut their price target on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Camden Property Trust presently has a consensus rating of “Hold” and a consensus price target of $126.53.

Insiders Place Their Bets

In other news, Director Heather J. Brunner sold 264 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 10,273 shares in the company, valued at approximately $1,130,646.38. This trade represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Alexander J. Jessett sold 13,067 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,413 shares of company stock worth $2,895,718 over the last three months. Company insiders own 1.80% 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.