Bessemer Group Inc. Sells 35,235 Shares of Camden Property Trust (NYSE:CPT)

Bessemer Group Inc. lowered its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 93.5% in the first quarter, according to its most recent disclosure with the SEC. The fund 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 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Mutual of America Capital Management LLC lifted its position in Camden Property Trust by 2.0% in the fourth quarter. Mutual of America Capital Management LLC now owns 38,504 shares of the real estate investment trust's stock worth $4,468,000 after purchasing an additional 744 shares during the period. Fisher Asset Management LLC raised its stake in shares of Camden Property Trust by 2.5% in the 4th quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust's stock valued at $499,000 after buying an additional 105 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of 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 worth $61,000 after acquiring an additional 132 shares during the period. Jones Financial Companies Lllp boosted its position in shares of 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 acquiring an additional 384 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in Camden Property Trust by 11.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,201 shares of the real estate investment trust's stock valued at $488,000 after acquiring an additional 436 shares during the period. Institutional investors and hedge funds own 97.22% of the company's stock.

Insider Transactions at Camden Property Trust

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

Camden Property Trust Price Performance

Shares of Camden Property Trust stock traded up $0.61 during midday trading on Thursday, reaching $114.01. The company had a trading volume of 610,676 shares, compared to its average volume of 946,348. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.80. The stock has a fifty day simple moving average of $116.19 and a 200 day simple moving average of $116.17. Camden Property Trust has a 1-year low of $102.35 and a 1-year high of $127.69. The company has a market capitalization of $12.18 billion, a price-to-earnings ratio of 104.60, a price-to-earnings-growth ratio of 3.42 and a beta of 0.77.

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

Camden Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $4.20 annualized dividend and a dividend yield of 3.68%. Camden Property Trust's dividend payout ratio (DPR) is currently 385.32%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Jefferies Financial Group upgraded shares of Camden Property Trust from a "hold" rating to a "buy" rating and raised their price target for the stock from $117.00 to $139.00 in a research note on Monday, March 10th. JPMorgan Chase & Co. upped their price target on Camden Property Trust from $127.00 to $129.00 and gave the company an "underweight" rating in a research report on Tuesday, June 17th. Wall Street Zen cut Camden Property Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Citigroup raised shares of Camden Property Trust from a "neutral" rating to a "buy" rating and upped their target price for the stock from $125.00 to $138.00 in a report on Friday, March 28th. Finally, Scotiabank dropped their target price 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. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $129.39.

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.