Nomura Asset Management Co. Ltd. Raises Position in Camden Property Trust (NYSE:CPT)

Nomura Asset Management Co. Ltd. grew its stake in Camden Property Trust (NYSE:CPT) by 3.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 171,731 shares of the real estate investment trust’s stock after purchasing an additional 5,987 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.16% of Camden Property Trust worth $19,928,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Camden Property Trust by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 17,250,406 shares of the real estate investment trust’s stock worth $2,001,737,000 after buying an additional 125,287 shares during the last quarter. State Street Corp raised its stake in shares of Camden Property Trust by 0.5% in the third quarter. State Street Corp now owns 7,118,930 shares of the real estate investment trust’s stock valued at $886,693,000 after acquiring an additional 36,528 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Camden Property Trust by 6.7% in the 4th quarter. Victory Capital Management Inc. now owns 4,400,846 shares of the real estate investment trust’s stock worth $510,674,000 after acquiring an additional 277,117 shares during the last quarter. FMR LLC boosted its stake in shares of 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 purchasing an additional 416,701 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Camden Property Trust by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,739,831 shares of the real estate investment trust’s stock valued at $337,394,000 after purchasing an additional 20,097 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Insider Activity at Camden Property Trust

In other Camden Property Trust news, Director Heather J. Brunner sold 1,853 shares of Camden Property Trust stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $212,168.50. Following the completion of the sale, the director now directly owns 10,537 shares in the company, valued at approximately $1,206,486.50. The trade was a 14.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Richard J. Campo sold 7,324 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $838,598.00. Following the completion of the sale, the chief executive officer now owns 300,135 shares in the company, valued at $34,365,457.50. The trade was a 2.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,548 shares of company stock worth $2,912,212 over the last quarter. Insiders own 1.80% of the company’s stock.

Camden Property Trust Price Performance

NYSE CPT opened at $122.17 on Friday. The firm’s fifty day simple moving average is $118.57 and its two-hundred day simple moving average is $119.22. The firm has a market capitalization of $13.04 billion, a P/E ratio of 81.45, a P/E/G 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 has a 12-month low of $94.75 and a 12-month high of $127.69.

Camden Property Trust (NYSE:CPT) last announced its 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 3.35% and a net margin of 10.58%. Analysts forecast 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. Investors of record on Monday, March 31st will be issued a dividend of $1.05 per share. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date is Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.44%. Camden Property Trust’s payout ratio is 280.00%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CPT. Barclays boosted their target price on Camden Property Trust from $126.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. StockNews.com upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a report on Tuesday, March 18th. Mizuho cut their price objective on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a research report on Monday, January 6th. Evercore ISI lifted their target price on 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. Finally, JPMorgan Chase & Co. cut shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $129.00 to $128.00 in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $127.76.

Camden Property Trust Company 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.