CIBC Asset Management Inc Has $1.96 Million Holdings in Camden Property Trust (NYSE:CPT)

CIBC Asset Management Inc increased its stake in shares of Camden Property Trust (NYSE:CPT) by 4.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 16,924 shares of the real estate investment trust’s stock after purchasing an additional 756 shares during the period. CIBC Asset Management Inc’s holdings in Camden Property Trust were worth $1,964,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CPT. Wellington Management Group LLP grew its holdings in Camden Property Trust by 86.9% during the third 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 purchasing an additional 918,078 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Camden Property Trust by 508.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 946,417 shares of the real estate investment trust’s stock worth $116,911,000 after buying an additional 790,974 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in Camden Property Trust by 97.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust’s stock valued at $158,028,000 after buying an additional 630,768 shares during the last quarter. Heitman Real Estate Securities LLC raised its holdings in Camden Property Trust by 3,155.8% in the 3rd quarter. Heitman Real Estate Securities LLC now owns 449,295 shares of the real estate investment trust’s stock worth $55,501,000 after acquiring an additional 435,495 shares during the period. Finally, FMR LLC lifted 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 worth $407,324,000 after acquiring an additional 416,701 shares during the last quarter. 97.22% of the stock is owned by institutional investors.

Camden Property Trust Stock Down 0.8 %

Shares of CPT opened at $119.93 on Friday. 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 company has a 50-day moving average price of $115.03 and a two-hundred day moving average price of $119.31. The stock has a market cap of $12.79 billion, a price-to-earnings ratio of 79.95, a P/E/G ratio of 4.34 and a beta of 0.94. Camden Property Trust has a 12 month low of $92.26 and a 12 month high of $127.69.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, beating the consensus estimate of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. Equities analysts predict that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The company 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 $1.05 dividend. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.20 annualized dividend and a dividend yield of 3.50%. Camden Property Trust’s dividend payout ratio is presently 274.67%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CPT. Wells Fargo & Company lowered their price target on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. StockNews.com lowered Camden Property Trust from a “hold” rating to a “sell” rating in a report on Thursday. Royal Bank of Canada upped their price target on Camden Property Trust from $121.00 to $123.00 and gave the stock a “sector perform” rating in a report on Monday, February 10th. Evercore ISI raised their price objective on shares of Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. Finally, Barclays boosted their target price on shares of Camden Property Trust from $126.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $126.53.

Insider Buying and Selling

In other news, CEO Richard J. Campo sold 1,043 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 $114,792.58. Following the transaction, the chief executive officer now directly owns 299,092 shares of the company’s stock, valued at $32,918,065.52. The trade was a 0.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Heather J. Brunner sold 1,853 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $212,168.50. Following the sale, the director now owns 10,537 shares in the company, valued at approximately $1,206,486.50. This trade represents a 14.96 % 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 corporate 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.