KLP Kapitalforvaltning AS Buys Shares of 35,329 Camden Property Trust (NYSE:CPT)

KLP Kapitalforvaltning AS bought a new position in shares of Camden Property Trust (NYSE:CPT) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 35,329 shares of the real estate investment trust’s stock, valued at approximately $4,131,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. UMB Bank n.a. raised its stake in Camden Property Trust by 76.6% during the 4th 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. National Pension Service acquired a new stake in shares of Camden Property Trust during the fourth quarter worth about $26,000. Quent Capital LLC lifted its holdings in shares of Camden Property Trust by 87.0% during the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 114 shares in the last quarter. IAG Wealth Partners LLC acquired a new position in shares of Camden Property Trust in the 4th quarter valued at approximately $29,000. Finally, Neo Ivy Capital Management bought a new stake in Camden Property Trust during the 3rd quarter worth approximately $38,000. 97.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. StockNews.com raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, March 18th. Wells Fargo & Company reduced their target price on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Stifel Nicolaus lifted their price target on Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a research note on Friday, February 7th. Jefferies Financial Group raised Camden Property Trust from a “hold” rating to a “buy” rating and upped their price objective for the stock from $117.00 to $139.00 in a research report on Monday, March 10th. Finally, Mizuho dropped their target price on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Camden Property Trust currently has an average rating of “Hold” and a consensus target price of $127.19.

Insiders Place Their Bets

In other Camden Property Trust news, CEO Richard J. Campo sold 7,324 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $838,598.00. Following the completion of the sale, the chief executive officer now directly owns 300,135 shares in the company, valued at $34,365,457.50. This trade represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Heather J. Brunner sold 264 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $29,055.84. Following the sale, the director now owns 10,273 shares of the company’s stock, valued at approximately $1,130,646.38. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,548 shares of company stock valued at $2,912,212 over the last ninety days. 1.80% of the stock is currently owned by company insiders.

Camden Property Trust Stock Performance

Shares of CPT stock opened at $122.10 on Thursday. The stock has a market cap of $13.04 billion, a P/E ratio of 81.40, a P/E/G ratio of 4.41 and a beta of 0.94. The company has a fifty day moving average price of $118.19 and a two-hundred day moving average price of $119.22. Camden Property Trust has a one year low of $94.75 and a one year high of $127.69. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, topping 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%. As a group, equities analysts predict that Camden Property Trust will post 6.76 EPS 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 issued a dividend of $1.05 per share. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date is Monday, March 31st. This represents a $4.20 annualized dividend and a yield of 3.44%. Camden Property Trust’s dividend payout ratio (DPR) is currently 280.00%.

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.