Camden Property Trust (NYSE:CPT) Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich reduced its stake in Camden Property Trust (NYSE:CPT) by 62.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 468 shares of the real estate investment trust’s stock after selling 767 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Camden Property Trust were worth $60,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CPT. UMB Bank n.a. grew 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 purchasing an additional 98 shares during the period. National Pension Service acquired a new position in Camden Property Trust in the 4th quarter valued at about $26,000. Quent Capital LLC boosted its holdings in Camden Property Trust by 87.0% in the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 114 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Camden Property Trust in the 3rd quarter valued at approximately $38,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Camden Property Trust by 117.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 206 shares during the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Truist Financial upped their price objective on Camden Property Trust from $122.00 to $129.00 and gave the company a “buy” rating in a report on Monday. Mizuho decreased their price target on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada raised their price objective on Camden Property Trust from $121.00 to $123.00 and gave the stock a “sector perform” rating in a research report on Monday, February 10th. Barclays upped their target price on shares of Camden Property Trust from $126.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Finally, Wells Fargo & Company dropped their price target 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. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $127.19.

Insiders Place Their Bets

In related news, Director Heather J. Brunner sold 264 shares of the business’s stock in a transaction on 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. The trade was a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Richard J. Campo sold 1,043 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 299,092 shares in the company, valued at $32,918,065.52. This trade represents a 0.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,548 shares of company stock worth $2,912,212 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Camden Property Trust Stock Down 1.3 %

Shares of NYSE CPT opened at $120.48 on Wednesday. The stock has a market cap of $12.86 billion, a P/E ratio of 80.32, a PEG ratio of 4.41 and a beta of 0.94. The business’s fifty day simple moving average is $116.54 and its 200-day simple moving average is $119.56. Camden Property Trust has a 12-month low of $94.75 and a 12-month high of $127.69. 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 (NYSE:CPT) last posted its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. As a group, equities analysts predict that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a yield of 3.49%. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s payout ratio is currently 280.00%.

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.