National Pension Service Acquires Shares of 225 Camden Property Trust (NYSE:CPT)

National Pension Service acquired a new stake in Camden Property Trust (NYSE:CPT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 225 shares of the real estate investment trust’s stock, valued at approximately $26,000.

A number of other hedge funds also recently bought and sold shares of the business. Illinois Municipal Retirement Fund raised its holdings in Camden Property Trust by 22.8% in the 4th quarter. Illinois Municipal Retirement Fund now owns 23,121 shares of the real estate investment trust’s stock valued at $2,683,000 after acquiring an additional 4,290 shares during the last quarter. Impax Asset Management Group plc grew its stake in shares of Camden Property Trust by 51.6% in 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 buying an additional 2,798 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Camden Property Trust in the 4th quarter valued at approximately $496,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Camden Property Trust by 94.0% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 23,321 shares of the real estate investment trust’s stock valued at $2,706,000 after buying an additional 11,300 shares during the period. Finally, Allianz Asset Management GmbH grew its stake in shares of Camden Property Trust by 49.5% in the 4th quarter. Allianz Asset Management GmbH now owns 366,939 shares of the real estate investment trust’s stock valued at $42,580,000 after buying an additional 121,532 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

Insider Activity

In other news, Director Heather J. Brunner sold 264 shares of the firm’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $29,055.84. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Alexander J. Jessett sold 13,067 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction 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 $14,226,167. The trade was a 9.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,413 shares of company stock worth $2,895,718. 1.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CPT. Stifel Nicolaus increased their price target on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a research note on Friday, February 7th. Wells Fargo & Company dropped 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 research note on Friday, January 24th. StockNews.com raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Friday. JPMorgan Chase & Co. cut shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. Finally, Evercore ISI increased 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 report on Monday, February 10th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $126.53.

Camden Property Trust Stock Performance

Shares of CPT stock opened at $123.97 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. Camden Property Trust has a 52 week low of $92.99 and a 52 week high of $127.69. The stock has a market capitalization of $13.23 billion, a PE ratio of 82.65, a P/E/G ratio of 4.41 and a beta of 0.94. The firm has a 50 day moving average of $115.66 and a two-hundred day moving average of $119.44.

Camden Property Trust (NYSE:CPT) last issued 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 net margin of 10.58% and a return on equity of 3.35%. On average, research 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 disclosed 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 represents a $4.20 dividend on an annualized basis and a dividend yield of 3.39%. This is a positive change 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 (DPR) is presently 280.00%.

Camden Property Trust 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.