Vestmark Advisory Solutions Inc. Grows Stake in Camden Property Trust (NYSE:CPT)

Vestmark Advisory Solutions Inc. grew its position in shares of Camden Property Trust (NYSE:CPT) by 15.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,373 shares of the real estate investment trust’s stock after purchasing an additional 843 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Camden Property Trust were worth $740,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. UMB Bank n.a. grew its position in shares of 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 valued at $26,000 after purchasing an additional 98 shares in the last quarter. First American Bank grew its position in shares of Camden Property Trust by 1.0% during the 4th quarter. First American Bank now owns 10,846 shares of the real estate investment trust’s stock valued at $1,259,000 after purchasing an additional 104 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of Camden Property Trust by 2.5% during the 4th quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust’s stock valued at $499,000 after purchasing an additional 105 shares in the last quarter. Verdence Capital Advisors LLC grew its position in shares of Camden Property Trust by 5.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust’s stock valued at $294,000 after purchasing an additional 113 shares in the last quarter. Finally, Doliver Advisors LP grew its position in shares of Camden Property Trust by 6.7% during the 4th quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust’s stock valued at $209,000 after purchasing an additional 113 shares in the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Evercore ISI lifted 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 report on Monday, February 10th. Stifel Nicolaus lifted 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, February 7th. Scotiabank lifted their price objective on shares of Camden Property Trust from $130.00 to $135.00 and gave the stock a “sector perform” rating in a report on Friday, February 14th. JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $129.00 to $128.00 in a report on Tuesday, December 17th. Finally, Royal Bank of Canada lifted their price objective on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a “sector perform” rating in a report on Monday, February 10th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $126.53.

Camden Property Trust Price Performance

CPT stock opened at $121.38 on Friday. The firm’s 50-day moving average price is $116.39 and its two-hundred day moving average price is $119.56. Camden Property Trust has a 12-month low of $94.75 and a 12-month high of $127.69. The stock has a market capitalization of $12.96 billion, a price-to-earnings ratio of 80.92, a PEG ratio of 4.41 and a beta of 0.94. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. As a group, equities analysts predict that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.20 annualized dividend and a dividend yield of 3.46%. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s payout ratio is currently 280.00%.

Insider Activity at Camden Property Trust

In related news, CFO Alexander J. Jessett sold 13,067 shares of the business’s stock in a transaction dated 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Heather J. Brunner sold 1,853 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $212,168.50. Following the transaction, the director now owns 10,537 shares in the company, valued at $1,206,486.50. This represents a 14.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,413 shares of company stock worth $2,895,718 over the last 90 days. 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.