CORDA Investment Management LLC. Cuts Stock Holdings in Camden Property Trust (NYSE:CPT)

CORDA Investment Management LLC. lessened its position in Camden Property Trust (NYSE:CPT) by 0.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 206,842 shares of the real estate investment trust’s stock after selling 183 shares during the quarter. Camden Property Trust comprises 1.9% of CORDA Investment Management LLC.’s holdings, making the stock its 27th largest position. CORDA Investment Management LLC. owned 0.19% of Camden Property Trust worth $24,002,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. QRG Capital Management Inc. lifted its holdings in Camden Property Trust by 9.9% in the 4th quarter. QRG Capital Management Inc. now owns 14,761 shares of the real estate investment trust’s stock valued at $1,713,000 after purchasing an additional 1,326 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Camden Property Trust in the fourth quarter valued at about $13,263,000. National Pension Service purchased a new position in shares of Camden Property Trust in the fourth quarter worth about $26,000. Illinois Municipal Retirement Fund boosted its position in Camden Property Trust by 22.8% during the fourth quarter. Illinois Municipal Retirement Fund now owns 23,121 shares of the real estate investment trust’s stock worth $2,683,000 after acquiring an additional 4,290 shares during the last quarter. Finally, Impax Asset Management Group plc grew its stake in Camden Property Trust by 51.6% during the 4th quarter. Impax Asset Management Group plc now owns 8,221 shares of the real estate investment trust’s stock valued at $954,000 after acquiring an additional 2,798 shares in the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Camden Property Trust news, CFO Alexander J. Jessett sold 1,862 shares of the company’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $204,931.72. Following the sale, the chief financial officer now owns 122,384 shares in the company, valued at $13,469,583.04. This represents a 1.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Heather J. Brunner sold 264 shares of Camden Property Trust stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $29,055.84. Following the completion of the transaction, the director now owns 10,273 shares of the company’s stock, valued at $1,130,646.38. The trade was a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,413 shares of company stock worth $2,895,718 in the last ninety days. 1.90% of the stock is owned by corporate insiders.

Camden Property Trust Trading Up 1.6 %

CPT opened at $123.09 on Friday. Camden Property Trust has a 52 week low of $92.45 and a 52 week high of $127.69. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. The business has a fifty day simple moving average of $115.27 and a 200-day simple moving average of $119.38. The firm has a market cap of $13.14 billion, a P/E ratio of 82.06, a P/E/G ratio of 4.41 and a beta of 0.94.

Camden Property Trust (NYSE:CPT) last announced 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 return on equity of 3.35% and a net margin of 10.58%. On average, equities analysts expect that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a dividend of $1.05 per share. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a yield of 3.41%. The ex-dividend date is Monday, March 31st. Camden Property Trust’s dividend payout ratio is presently 280.00%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CPT shares. JPMorgan Chase & Co. lowered shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $129.00 to $128.00 in a research note on Tuesday, December 17th. StockNews.com raised Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Friday. Barclays raised their target price on Camden Property Trust from $126.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Royal Bank of Canada boosted their price target on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a research report on Monday, February 10th. Finally, Scotiabank raised their price objective on shares of Camden Property Trust from $130.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Camden Property Trust has a consensus rating of “Hold” and a consensus price target of $126.53.

Camden Property Trust Company 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.