Amalgamated Bank Cuts Stock Position in Camden Property Trust (NYSE:CPT)

Amalgamated Bank trimmed its holdings in shares of Camden Property Trust (NYSE:CPT) by 1.5% in the fourth quarter, Holdings Channel reports. The firm owned 20,465 shares of the real estate investment trust’s stock after selling 321 shares during the period. Amalgamated Bank’s holdings in Camden Property Trust were worth $2,375,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CPT. Impax Asset Management Group plc boosted its position in shares of Camden Property Trust by 51.6% in the fourth quarter. Impax Asset Management Group plc now owns 8,221 shares of the real estate investment trust’s stock worth $954,000 after buying an additional 2,798 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Camden Property Trust during the 4th quarter worth approximately $496,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in 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 worth $2,706,000 after acquiring an additional 11,300 shares during the period. Allianz Asset Management GmbH grew its position in Camden Property Trust by 49.5% in the fourth quarter. Allianz Asset Management GmbH now owns 366,939 shares of the real estate investment trust’s stock valued at $42,580,000 after acquiring an additional 121,532 shares in the last quarter. Finally, Wolverine Asset Management LLC raised its stake in shares of Camden Property Trust by 537.1% during the fourth quarter. Wolverine Asset Management LLC now owns 10,601 shares of the real estate investment trust’s stock valued at $1,230,000 after purchasing an additional 8,937 shares during the period. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Camden Property Trust

In other news, Director Heather J. Brunner sold 264 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were 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 represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Alexander J. Jessett sold 1,862 shares of Camden Property Trust stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $204,931.72. Following the completion of the sale, the chief financial officer now owns 122,384 shares in the company, valued at approximately $13,469,583.04. This represents a 1.50 % 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 90 days. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CPT shares. JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. StockNews.com raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Friday. Stifel Nicolaus raised their target price on 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 cut 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 note on Friday, January 24th. Finally, Royal Bank of Canada raised their price objective on Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a research note on Monday, February 10th. One investment 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 MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $126.53.

Camden Property Trust Stock Up 0.6 %

Shares of NYSE:CPT opened at $123.97 on Monday. The company’s fifty day moving average is $115.66 and its two-hundred day moving average is $119.44. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. Camden Property Trust has a 1-year low of $92.99 and a 1-year high of $127.69. The stock has a market capitalization of $13.23 billion, a price-to-earnings ratio of 82.65, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94.

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 for the quarter, topping 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%. Equities analysts anticipate that Camden Property Trust will post 6.76 EPS 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 issued a $1.05 dividend. 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 annualized dividend and a dividend yield of 3.39%. Camden Property Trust’s dividend payout ratio (DPR) is 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.