NovaPoint Capital LLC Boosts Stake in Camden Property Trust (NYSE:CPT)

NovaPoint Capital LLC increased its stake in shares of Camden Property Trust (NYSE:CPT) by 2.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,526 shares of the real estate investment trust’s stock after buying an additional 115 shares during the period. NovaPoint Capital LLC’s holdings in Camden Property Trust were worth $641,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CPT. UMB Bank n.a. boosted its position in Camden Property Trust by 76.6% in the 4th 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 during the period. Neo Ivy Capital Management purchased a new position in Camden Property Trust in the 3rd quarter valued at approximately $38,000. MassMutual Private Wealth & Trust FSB boosted its position in Camden Property Trust by 117.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 206 shares during the period. American Capital Advisory LLC boosted its position in Camden Property Trust by 42.7% in the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 128 shares during the period. Finally, Sentry Investment Management LLC purchased a new position in Camden Property Trust in the 3rd quarter valued at approximately $62,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Insider Activity

In related news, CFO Alexander J. Jessett sold 1,862 shares of Camden Property Trust stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $204,931.72. Following the sale, the chief financial officer now owns 122,384 shares of the company’s stock, valued at $13,469,583.04. The trade was a 1.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Heather J. Brunner sold 264 shares of Camden Property Trust stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $29,055.84. Following the sale, the director now directly owns 10,273 shares in the company, valued at $1,130,646.38. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,413 shares of company stock valued at $2,895,718. Company insiders own 1.90% of the company’s stock.

Camden Property Trust Stock Performance

Shares of CPT stock opened at $116.34 on Thursday. The company’s fifty day simple moving average is $115.82 and its 200-day simple moving average is $118.86. Camden Property Trust has a 52 week low of $90.50 and a 52 week high of $127.69. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. The company has a market cap of $12.41 billion, a PE ratio of 36.82, a P/E/G ratio of 4.13 and a beta of 0.94.

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend was Wednesday, December 18th. Camden Property Trust’s dividend payout ratio is presently 130.38%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. StockNews.com cut shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $121.00 price objective on shares of Camden Property Trust in a research report on Wednesday, January 22nd. Stifel Nicolaus cut shares of Camden Property Trust from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $120.00 to $121.00 in a research report on Wednesday, November 13th. Wells Fargo & Company decreased their price objective on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Finally, Barclays decreased their price objective on shares of Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $125.36.

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.