Bessemer Group Inc. Lowers Stock Holdings in Camden Property Trust (NYSE:CPT)

Bessemer Group Inc. reduced its stake in Camden Property Trust (NYSE:CPT - Free Report) by 93.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,441 shares of the real estate investment trust's stock after selling 35,235 shares during the period. Bessemer Group Inc.'s holdings in Camden Property Trust were worth $299,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CPT. IAG Wealth Partners LLC purchased a new stake in Camden Property Trust in the fourth quarter worth about $29,000. Bellwether Advisors LLC purchased a new stake in Camden Property Trust in the fourth quarter worth about $31,000. Smartleaf Asset Management LLC grew its holdings in Camden Property Trust by 33.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 531 shares of the real estate investment trust's stock worth $61,000 after purchasing an additional 132 shares during the period. Jones Financial Companies Lllp grew its holdings in Camden Property Trust by 220.7% in the fourth quarter. Jones Financial Companies Lllp now owns 558 shares of the real estate investment trust's stock worth $65,000 after purchasing an additional 384 shares during the period. Finally, Intact Investment Management Inc. purchased a new stake in Camden Property Trust in the first quarter worth about $73,000. 97.22% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Steven A. Webster sold 1,200 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $118.76, for a total transaction of $142,512.00. Following the completion of the sale, the director owned 117,374 shares of the company's stock, valued at $13,939,336.24. The trade was a 1.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Richard J. Campo sold 5,572 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $119.50, for a total transaction of $665,854.00. Following the sale, the chief executive officer directly owned 289,720 shares of the company's stock, valued at approximately $34,621,540. The trade was a 1.89% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.

Camden Property Trust Stock Performance

NYSE:CPT traded up $0.61 during trading hours on Friday, reaching $114.01. The company had a trading volume of 610,676 shares, compared to its average volume of 949,922. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.80. Camden Property Trust has a 52 week low of $102.35 and a 52 week high of $127.69. The firm has a market cap of $12.18 billion, a price-to-earnings ratio of 104.60, a PEG ratio of 3.45 and a beta of 0.77. The firm's 50 day moving average price is $116.19 and its 200-day moving average price is $116.11.

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

Camden Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date is Monday, June 30th. Camden Property Trust's payout ratio is 385.32%.

Wall Street Analysts Forecast Growth

CPT has been the topic of a number of recent research reports. Truist Financial set a $131.00 price objective on shares of Camden Property Trust and gave the stock a "buy" rating in a report on Monday, May 19th. Scotiabank reduced their price target on shares of Camden Property Trust from $144.00 to $136.00 and set a "sector perform" rating for the company in a research report on Friday, June 13th. Barclays raised their price target on shares of Camden Property Trust from $127.00 to $136.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Wall Street Zen downgraded shares of Camden Property Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of Camden Property Trust from $127.00 to $129.00 and gave the company an "underweight" rating in a research report on Tuesday, June 17th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Camden Property Trust currently has an average rating of "Hold" and an average price target of $129.39.

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.