Chilton Capital Management LLC Has $19.48 Million Stock Position in Camden Property Trust (NYSE:CPT)

Chilton Capital Management LLC decreased its stake in Camden Property Trust (NYSE:CPT - Free Report) by 3.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. IAG Wealth Partners LLC purchased a new stake in Camden Property Trust in the 4th quarter valued at $29,000. Bellwether Advisors LLC acquired a new stake in shares of Camden Property Trust during the 4th quarter worth about $31,000. Tsfg LLC acquired a new stake in shares of Camden Property Trust during the 1st quarter worth about $40,000. 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. Finally, Catalyst Capital Advisors LLC acquired a new position in Camden Property Trust during the first quarter valued at approximately $64,000. Institutional investors and hedge funds own 97.22% of the company's stock.

Insider Transactions at Camden Property Trust

In other Camden Property Trust news, CEO Richard J. Campo sold 5,572 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $119.50, for a total transaction of $665,854.00. Following the completion of the sale, the chief executive officer directly owned 289,720 shares of the company's stock, valued at approximately $34,621,540. This represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 sale, the director directly owned 117,374 shares of the company's stock, valued at $13,939,336.24. This trade represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CPT has been the subject of several analyst reports. Wall Street Zen downgraded shares of Camden Property Trust from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Barclays upped their target price on shares of Camden Property Trust from $127.00 to $136.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. upped their target price on shares of Camden Property Trust from $127.00 to $129.00 and gave the company an "underweight" rating in a research note on Tuesday, June 17th. Mizuho decreased their target price on shares of Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating for the company in a research note on Friday, May 23rd. Finally, Scotiabank decreased 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 note on Friday, June 13th. Two equities 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 stock. According to MarketBeat, Camden Property Trust has a consensus rating of "Hold" and a consensus target price of $129.39.

Camden Property Trust Price Performance

CPT traded down $0.28 on Wednesday, reaching $113.03. The company had a trading volume of 713,632 shares, compared to its average volume of 1,006,250. The company has a fifty day moving average of $116.17 and a 200-day moving average of $116.10. The company has a market capitalization of $12.08 billion, a P/E ratio of 103.70, a PEG ratio of 3.43 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 has a one year low of $102.35 and a one year high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $390.57 million during the quarter, compared to analyst estimates of $388.47 million. During the same quarter last year, the firm posted $1.70 EPS. The business's revenue for the quarter was up 2.0% on a year-over-year basis. As a group, equities research analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The company 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 dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date is Monday, June 30th. Camden Property Trust's dividend payout ratio is presently 385.32%.

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.