Camden Property Trust (NYSE:CPT) Shares Sold by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd reduced its holdings in Camden Property Trust (NYSE:CPT) by 64.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 554 shares of the real estate investment trust’s stock after selling 1,000 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Camden Property Trust were worth $64,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CPT. UMB Bank n.a. raised 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 worth $26,000 after purchasing an additional 98 shares during the last quarter. National Pension Service acquired a new position in shares of Camden Property Trust during the fourth quarter valued at approximately $26,000. Quent Capital LLC raised its holdings in shares of Camden Property Trust by 87.0% during the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 114 shares during the last quarter. IAG Wealth Partners LLC purchased a new position in shares of Camden Property Trust in the fourth quarter valued at approximately $29,000. Finally, Neo Ivy Capital Management acquired a new stake in shares of Camden Property Trust in the third quarter worth approximately $38,000. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Stock Down 0.7 %

Camden Property Trust stock opened at $119.16 on Monday. The company has a market capitalization of $12.72 billion, a PE ratio of 79.44, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. 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 fifty-two week low of $94.75 and a fifty-two week high of $127.69. The firm has a 50 day moving average price of $117.61 and a 200 day moving average price of $119.22.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data 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%. Research analysts expect that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be paid a $1.05 dividend. This is a positive change 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 3.52%. Camden Property Trust’s dividend payout ratio (DPR) is presently 280.00%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Stifel Nicolaus raised their price objective on Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a report on Friday, February 7th. Barclays boosted their price target on shares of Camden Property Trust from $126.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Royal Bank of Canada increased their price objective on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a report on Monday, February 10th. Truist Financial boosted their target price on Camden Property Trust from $122.00 to $129.00 and gave the stock a “buy” rating in a report on Monday, March 10th. Finally, StockNews.com raised Camden Property Trust from a “sell” rating to a “hold” rating in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $127.19.

Insider Activity at Camden Property Trust

In other Camden Property Trust news, CEO Richard J. Campo sold 7,324 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $838,598.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Alexander J. Jessett sold 13,067 shares of the company’s stock in a transaction 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 sale, the chief financial officer now directly owns 124,246 shares in the company, valued at $14,226,167. This represents a 9.52 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,548 shares of company stock worth $2,912,212. Corporate insiders own 1.80% of the company’s stock.

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.