Asset Management One Co. Ltd. Boosts Stock Position in Camden Property Trust (NYSE:CPT)

Asset Management One Co. Ltd. raised its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 233,543 shares of the real estate investment trust's stock after purchasing an additional 7,017 shares during the quarter. Asset Management One Co. Ltd. owned 0.21% of Camden Property Trust worth $28,562,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CPT. National Pension Service purchased a new stake in Camden Property Trust during the 4th quarter valued at about $26,000. IAG Wealth Partners LLC purchased a new stake in Camden Property Trust during the 4th quarter valued at about $29,000. Bellwether Advisors LLC purchased a new stake in Camden Property Trust during the 4th quarter valued at about $31,000. Smartleaf Asset Management LLC grew its stake in Camden Property Trust by 33.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 531 shares of the real estate investment trust's stock valued at $61,000 after purchasing an additional 132 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its stake in Camden Property Trust by 220.7% during the 4th quarter. Jones Financial Companies Lllp now owns 558 shares of the real estate investment trust's stock valued at $65,000 after purchasing an additional 384 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company's stock.

Camden Property Trust Price Performance

NYSE CPT traded down $0.58 during trading hours on Friday, reaching $113.75. The company's stock had a trading volume of 1,151,230 shares, compared to its average volume of 933,530. The firm has a market capitalization of $12.15 billion, a price-to-earnings ratio of 104.36, a P/E/G ratio of 3.44 and a beta of 0.78. Camden Property Trust has a 1-year low of $102.35 and a 1-year high of $127.69. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.19 and a quick ratio of 0.19. The company's 50-day moving average is $116.17 and its two-hundred day moving average is $116.30.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.04. Camden Property Trust had a return on equity of 2.47% and a net margin of 7.62%. The business had revenue of $390.57 million during the quarter, compared to analysts' expectations of $388.47 million. During the same quarter in the prior year, the firm earned $1.70 earnings per share. The business's revenue was up 2.0% compared to the same quarter last year. On average, equities analysts predict that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.69%. Camden Property Trust's payout ratio is currently 385.32%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CPT shares. Scotiabank decreased their price objective on Camden Property Trust from $144.00 to $136.00 and set a "sector perform" rating for the company in a report on Friday, June 13th. Barclays boosted their price objective on Camden Property Trust from $127.00 to $136.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Wall Street Zen cut Camden Property Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Citigroup raised Camden Property Trust from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $125.00 to $138.00 in a report on Friday, March 28th. Finally, Jefferies Financial Group raised Camden Property Trust from a "hold" rating to a "buy" rating and boosted their price objective for the company from $117.00 to $139.00 in a report on Monday, March 10th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $129.39.

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, Director Steven A. Webster sold 1,200 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $118.76, for a total transaction of $142,512.00. Following the completion of the transaction, the director now owns 117,374 shares of the company's stock, valued at $13,939,336.24. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard J. Campo sold 5,572 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $119.50, for a total value of $665,854.00. Following the completion of the sale, the chief executive officer now owns 289,720 shares of the company's stock, valued at $34,621,540. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.

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.