Founders Capital Management Has $64,000 Position in Camden Property Trust (NYSE:CPT)

Founders Capital Management reduced its position in shares of Camden Property Trust (NYSE:CPT) by 42.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 550 shares of the real estate investment trust’s stock after selling 400 shares during the quarter. Founders Capital Management’s holdings in Camden Property Trust were worth $64,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CPT. Wellington Management Group LLP boosted its holdings in Camden Property Trust by 86.9% in the 3rd 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Camden Property Trust by 508.9% during the third 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 in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Camden Property Trust by 97.3% during the third 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 acquiring an additional 630,768 shares during the period. Duquesne Family Office LLC acquired a new position in Camden Property Trust in the 2nd quarter valued at approximately $63,056,000. Finally, Heitman Real Estate Securities LLC lifted its position in shares of 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. Institutional investors and hedge funds own 97.22% of the company’s stock.

Insiders Place Their Bets

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

Camden Property Trust Stock Up 1.5 %

CPT stock traded up $1.63 during mid-day trading on Monday, hitting $110.79. 148,640 shares of the company were exchanged, compared to its average volume of 814,059. The firm has a market cap of $11.82 billion, a P/E ratio of 35.06, a P/E/G ratio of 4.40 and a beta of 0.94. Camden Property Trust has a 1-year low of $90.50 and a 1-year high of $127.69. The firm’s 50 day simple moving average is $118.92 and its 200 day simple moving average is $118.53. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15.

Camden Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th will be issued a $1.03 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.72%. Camden Property Trust’s dividend payout ratio (DPR) is 130.38%.

Analyst Ratings Changes

A number of research analysts recently commented on CPT shares. Evercore ISI upped their target price on Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Stifel Nicolaus downgraded shares of Camden Property Trust from a “buy” rating to a “hold” rating and raised their price objective for the stock from $120.00 to $121.00 in a report on Wednesday, November 13th. Jefferies Financial Group began coverage on shares of Camden Property Trust in a research note on Friday, October 11th. They issued a “hold” rating and a $123.00 target price on the stock. Scotiabank cut their price target on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. Finally, Mizuho lowered their price objective on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Camden Property Trust presently has an average rating of “Hold” and a consensus target price of $126.75.

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.