Camden Property Trust (NYSE:CPT) Position Raised by iA Global Asset Management Inc.

iA Global Asset Management Inc. increased its position in shares of Camden Property Trust (NYSE:CPT) by 35.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,139 shares of the real estate investment trust’s stock after purchasing an additional 1,866 shares during the period. iA Global Asset Management Inc.’s holdings in Camden Property Trust were worth $828,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. National Pension Service bought a new stake in Camden Property Trust during the fourth quarter worth approximately $26,000. UMB Bank n.a. increased its holdings in shares of Camden Property Trust by 76.6% in the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 98 shares in the last quarter. Quent Capital LLC increased its holdings in shares of Camden Property Trust by 87.0% in the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 114 shares in the last quarter. IAG Wealth Partners LLC bought a new position in shares of Camden Property Trust in the fourth quarter valued at $29,000. Finally, Neo Ivy Capital Management bought a new position in shares of Camden Property Trust in the third quarter valued at $38,000. Institutional investors own 97.22% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Scotiabank upped their price target on Camden Property Trust from $130.00 to $135.00 and gave the company a “sector perform” rating in a report on Friday, February 14th. Evercore ISI increased their target price on Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a report on Monday, February 10th. Barclays increased their target price on Camden Property Trust from $126.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Royal Bank of Canada increased their target price on Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a report on Monday, February 10th. Finally, StockNews.com upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have given 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 $127.19.

Insiders Place Their Bets

In other news, Director Heather J. Brunner sold 1,853 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $212,168.50. Following the sale, the director now directly owns 10,537 shares of the company’s stock, valued at approximately $1,206,486.50. This trade represents a 14.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Richard J. Campo sold 1,043 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $114,792.58. Following the completion of the sale, the chief executive officer now directly owns 299,092 shares in the company, valued at approximately $32,918,065.52. This represents a 0.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,548 shares of company stock valued at $2,912,212 over the last three months. 1.80% of the stock is currently owned by insiders.

Camden Property Trust Trading Down 0.7 %

Camden Property Trust stock opened at $119.16 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The company has a market capitalization of $12.72 billion, a price-to-earnings ratio of 79.44, a PEG ratio of 4.41 and a beta of 0.94. Camden Property Trust has a one year low of $94.75 and a one year high of $127.69. The company’s fifty day moving average price is $117.61 and its two-hundred day moving average price is $119.27.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS 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%. On average, analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 3.52%. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, March 31st. Camden Property Trust’s dividend payout ratio 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.