Chilton Capital Management LLC Reduces Holdings in Camden Property Trust (NYSE:CPT)

Chilton Capital Management LLC trimmed its position in Camden Property Trust (NYSE:CPT - Free Report) by 3.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 158,071 shares of the real estate investment trust's stock after selling 6,335 shares during the period. Chilton Capital Management LLC owned 0.15% of Camden Property Trust worth $19,480,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CPT. Federated Hermes Inc. grew its stake in shares of Camden Property Trust by 6.5% in the fourth quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust's stock worth $170,000 after purchasing an additional 90 shares during the last quarter. Amalgamated Bank raised its position in shares of Camden Property Trust by 0.5% during the first quarter. Amalgamated Bank now owns 20,558 shares of the real estate investment trust's stock worth $2,514,000 after acquiring an additional 93 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Camden Property Trust by 0.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,117 shares of the real estate investment trust's stock worth $2,102,000 after acquiring an additional 98 shares during the period. Smartleaf Asset Management LLC boosted 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 valued at $61,000 after acquiring an additional 132 shares during the last quarter. Finally, Security National Bank increased its position in Camden Property Trust by 1.9% during the 1st quarter. Security National Bank now owns 8,434 shares of the real estate investment trust's stock valued at $1,031,000 after purchasing an additional 154 shares during the period. 97.22% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Steven A. Webster sold 1,200 shares of the company's stock in a transaction 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 transaction, the director owned 117,374 shares of the company's stock, valued at $13,939,336.24. This represents a 1.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard J. Campo sold 5,572 shares of the company's stock in a transaction 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 transaction, the chief executive officer directly owned 289,720 shares in the company, valued at $34,621,540. This represents a 1.89% decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Camden Property Trust Stock Up 0.4%

Camden Property Trust stock traded up $0.49 during trading on Tuesday, hitting $113.85. 263,074 shares of the company were exchanged, compared to its average volume of 947,010. The business's 50 day moving average is $116.16 and its 200 day moving average is $116.12. Camden Property Trust has a 52 week low of $102.35 and a 52 week high of $127.69. The company has a market capitalization of $12.16 billion, a P/E ratio of 104.45, a PEG ratio of 3.45 and a beta of 0.77. 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 (NYSE:CPT - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.04. The business had revenue of $390.57 million during the quarter, compared to the consensus estimate of $388.47 million. Camden Property Trust had a return on equity of 2.47% and a net margin of 7.62%. Camden Property Trust's revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.70 earnings per share. Analysts predict that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CPT shares. Wall Street Zen downgraded Camden Property Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. JPMorgan Chase & Co. raised their target price on Camden Property Trust from $127.00 to $129.00 and gave the stock an "underweight" rating in a research note on Tuesday, June 17th. Barclays lifted their target price on Camden Property Trust from $127.00 to $136.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Scotiabank reduced their price objective 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. Finally, Jefferies Financial Group upgraded shares of Camden Property Trust from a "hold" rating to a "buy" rating and lifted their price objective for the company from $117.00 to $139.00 in a research note on Monday, March 10th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average 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.