Camden Property Trust (NYSE:CPT) Shares Sold by Heartland Advisors Inc.

Heartland Advisors Inc. lowered its stake in Camden Property Trust (NYSE:CPT) by 1.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 175,061 shares of the real estate investment trust’s stock after selling 2,016 shares during the quarter. Camden Property Trust makes up about 1.1% of Heartland Advisors Inc.’s holdings, making the stock its 19th biggest position. Heartland Advisors Inc.’s holdings in Camden Property Trust were worth $20,314,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its holdings in 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 stake in Camden Property Trust in the fourth quarter worth $26,000. Quent Capital LLC lifted its position 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. IAG Wealth Partners LLC bought a new position in shares of Camden Property Trust in the fourth quarter worth $29,000. Finally, Neo Ivy Capital Management bought a new stake in shares of Camden Property Trust in the 3rd quarter worth $38,000. Institutional investors and hedge funds own 97.22% of the company’s stock.

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, Director Heather J. Brunner sold 1,853 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $212,168.50. Following the transaction, the director now directly owns 10,537 shares in the company, valued at $1,206,486.50. This represents a 14.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard J. Campo sold 7,324 shares of the business’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 $838,598.00. Following the completion of the transaction, the chief executive officer now directly owns 300,135 shares of the company’s stock, valued at approximately $34,365,457.50. The trade was a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,548 shares of company stock valued at $2,912,212 over the last ninety days. 1.80% of the stock is currently owned by company insiders.

Camden Property Trust Price Performance

Shares of Camden Property Trust stock opened at $121.94 on Friday. The stock has a market capitalization of $13.02 billion, a P/E ratio of 81.29, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. Camden Property Trust has a one year low of $94.75 and a one year high of $127.69. 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 business’s 50 day simple moving average is $118.37 and its two-hundred day simple moving average is $119.24.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) 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%. Analysts forecast that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be given a dividend of $1.05 per share. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date is Monday, March 31st. Camden Property Trust’s payout ratio is presently 280.00%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. StockNews.com raised Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, March 18th. Truist Financial increased their price target on shares of Camden Property Trust from $122.00 to $129.00 and gave the company a “buy” rating in a report on Monday, March 10th. Royal Bank of Canada lifted their price target on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a “sector perform” rating in a research note on Monday, February 10th. Stifel Nicolaus boosted their price target on Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a research note on Friday, February 7th. Finally, Evercore ISI upped their price objective on shares of Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $127.19.

Camden Property Trust 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.