Xponance Inc. Trims Stock Holdings in Camden Property Trust (NYSE:CPT)

Xponance Inc. trimmed its holdings in Camden Property Trust (NYSE:CPT) by 3.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 14,104 shares of the real estate investment trust’s stock after selling 430 shares during the quarter. Xponance Inc.’s holdings in Camden Property Trust were worth $1,637,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Intech Investment Management LLC purchased a new position in Camden Property Trust in the 4th quarter valued at approximately $540,000. Generali Asset Management SPA SGR purchased a new position in Camden Property Trust in the 4th quarter valued at approximately $1,967,000. Cibc World Markets Corp grew its stake in Camden Property Trust by 12.3% in the 4th quarter. Cibc World Markets Corp now owns 47,907 shares of the real estate investment trust’s stock valued at $5,559,000 after buying an additional 5,244 shares in the last quarter. Natixis Advisors LLC grew its stake in Camden Property Trust by 7.1% in the 4th quarter. Natixis Advisors LLC now owns 26,886 shares of the real estate investment trust’s stock valued at $3,120,000 after buying an additional 1,775 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in Camden Property Trust by 6.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 7,350 shares of the real estate investment trust’s stock valued at $853,000 after buying an additional 461 shares in the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, Director Heather J. Brunner sold 264 shares of the business’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 $29,055.84. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard J. Campo sold 1,043 shares of the business’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $114,792.58. Following the completion of the transaction, the chief executive officer now owns 299,092 shares in the company, valued at $32,918,065.52. The trade was a 0.35 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,548 shares of company stock worth $2,912,212. 1.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CPT has been the subject of a number of recent analyst reports. Scotiabank boosted their price target on shares of Camden Property Trust from $130.00 to $135.00 and gave the company a “sector perform” rating in a research report on Friday, February 14th. Truist Financial boosted their price target on shares of Camden Property Trust from $122.00 to $129.00 and gave the company a “buy” rating in a research report on Monday, March 10th. StockNews.com upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, March 18th. Barclays boosted their price target 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, Royal Bank of Canada boosted their price target on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $127.19.

Camden Property Trust Stock Performance

Camden Property Trust stock opened at $119.16 on Friday. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $12.72 billion, a PE ratio of 79.44, a P/E/G ratio of 4.41 and a beta of 0.94. The firm has a fifty day simple moving average of $117.61 and a two-hundred day simple moving average of $119.27. Camden Property Trust has a twelve month low of $94.75 and a twelve month high of $127.69.

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 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%. Research analysts expect that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

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