Camden Property Trust (NYSE:CPT) Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY lessened its holdings in Camden Property Trust (NYSE:CPT) by 96.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,631 shares of the real estate investment trust’s stock after selling 181,375 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Camden Property Trust were worth $769,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Apollon Wealth Management LLC grew its holdings in Camden Property Trust by 3.6% during the 4th quarter. Apollon Wealth Management LLC now owns 3,659 shares of the real estate investment trust’s stock valued at $425,000 after purchasing an additional 128 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Camden Property Trust by 13.1% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 34,383 shares of the real estate investment trust’s stock valued at $3,990,000 after acquiring an additional 3,976 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Camden Property Trust by 2.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 297,519 shares of the real estate investment trust’s stock worth $34,524,000 after purchasing an additional 6,550 shares during the period. State of Alaska Department of Revenue raised its stake in Camden Property Trust by 0.4% during the fourth quarter. State of Alaska Department of Revenue now owns 62,084 shares of the real estate investment trust’s stock worth $7,202,000 after acquiring an additional 232 shares during the period. Finally, NovaPoint Capital LLC lifted its holdings in shares of Camden Property Trust by 2.1% in the 4th quarter. NovaPoint Capital LLC now owns 5,526 shares of the real estate investment trust’s stock worth $641,000 after purchasing an additional 115 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Stifel Nicolaus increased their price objective on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a report on Friday. StockNews.com cut Camden Property Trust from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Royal Bank of Canada reissued a “sector perform” rating and issued a $121.00 price objective on shares of Camden Property Trust in a report on Wednesday, January 22nd. Barclays cut 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. Finally, Wells Fargo & Company decreased 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 note on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $125.42.

Camden Property Trust Stock Up 1.4 %

NYSE CPT opened at $119.33 on Monday. Camden Property Trust has a 12 month low of $90.50 and a 12 month high of $127.69. The company has a market capitalization of $12.73 billion, a P/E ratio of 79.55, a PEG ratio of 4.27 and a beta of 0.94. The company’s 50 day simple moving average is $115.51 and its 200 day simple moving average is $118.97. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.32% and a net margin of 10.58%. Equities research analysts expect that Camden Property Trust will post 6.8 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 3.52%. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date is Monday, March 31st. Camden Property Trust’s dividend payout ratio is currently 274.67%.

Insider Activity at Camden Property Trust

In related news, CFO Alexander J. Jessett sold 13,067 shares of the company’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 value of $1,496,171.50. Following the completion of the sale, the chief financial officer now owns 124,246 shares in the company, valued at approximately $14,226,167. This represents a 9.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Heather J. Brunner sold 264 shares of Camden Property Trust stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $29,055.84. Following the transaction, the director now owns 10,273 shares in the company, valued at approximately $1,130,646.38. The trade was a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,413 shares of company stock worth $2,895,718 in the last quarter. 1.80% of the stock is owned by company insiders.

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.