Venturi Wealth Management LLC Raises Holdings in Camden Property Trust (NYSE:CPT)

Venturi Wealth Management LLC boosted its stake in Camden Property Trust (NYSE:CPT) by 14.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 896 shares of the real estate investment trust’s stock after buying an additional 115 shares during the quarter. Venturi Wealth Management LLC’s holdings in Camden Property Trust were worth $104,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. D.A. Davidson & CO. acquired a new stake in shares of Camden Property Trust during the 4th quarter worth about $269,000. CIBC Asset Management Inc lifted its stake in shares of Camden Property Trust by 4.7% during the fourth quarter. CIBC Asset Management Inc now owns 16,924 shares of the real estate investment trust’s stock valued at $1,964,000 after buying an additional 756 shares during the period. Highview Capital Management LLC DE boosted its position in Camden Property Trust by 2.1% during the fourth quarter. Highview Capital Management LLC DE now owns 10,262 shares of the real estate investment trust’s stock worth $1,191,000 after acquiring an additional 213 shares during the last quarter. Principal Financial Group Inc. grew its stake in Camden Property Trust by 11.1% in the 4th quarter. Principal Financial Group Inc. now owns 598,815 shares of the real estate investment trust’s stock worth $69,485,000 after acquiring an additional 59,939 shares during the period. Finally, Principal Securities Inc. raised its holdings in Camden Property Trust by 12.2% in the 4th quarter. Principal Securities Inc. now owns 4,253 shares of the real estate investment trust’s stock valued at $494,000 after acquiring an additional 462 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CPT. Barclays increased their price target on Camden Property Trust from $126.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. downgraded Camden Property Trust from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $129.00 to $128.00 in a research report on Tuesday, December 17th. Stifel Nicolaus lifted their price target on Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a report on Friday, February 7th. Scotiabank increased their price objective on shares of Camden Property Trust from $130.00 to $135.00 and gave the stock a “sector perform” rating in a report on Friday, February 14th. Finally, Wells Fargo & Company lowered their target price on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $126.53.

Camden Property Trust Trading Down 0.8 %

Shares of CPT opened at $119.93 on Monday. Camden Property Trust has a 12 month low of $92.26 and a 12 month high of $127.69. The stock’s 50-day moving average is $115.03 and its two-hundred day moving average is $119.33. 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 stock has a market cap of $12.79 billion, a PE ratio of 79.95, a P/E/G ratio of 4.41 and a beta of 0.94.

Camden Property Trust (NYSE:CPT) last released its quarterly 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 return on equity of 3.35% and a net margin of 10.58%. Equities analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a dividend yield of 3.50%. Camden Property Trust’s dividend payout ratio is 274.67%.

Insider Activity at Camden Property Trust

In related news, Director Heather J. Brunner sold 264 shares of the stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $29,055.84. Following the completion of the transaction, the director now owns 10,273 shares of the company’s stock, valued at approximately $1,130,646.38. This represents 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 this link. Also, CEO Richard J. Campo sold 7,324 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 300,135 shares of the company’s stock, valued at approximately $34,365,457.50. This trade represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 25,413 shares of company stock valued at $2,895,718. 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.