Camden Property Trust (NYSE:CPT) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. cut its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 24.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,321 shares of the real estate investment trust's stock after selling 2,328 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Camden Property Trust were worth $895,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in Camden Property Trust in the fourth quarter valued at $187,606,000. Invesco Ltd. raised its position in Camden Property Trust by 17.3% in the 4th quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust's stock valued at $344,432,000 after purchasing an additional 438,685 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Camden Property Trust by 12,973.9% in the 1st quarter. GAMMA Investing LLC now owns 403,590 shares of the real estate investment trust's stock valued at $49,359,000 after buying an additional 400,503 shares during the period. Northern Trust Corp boosted its stake in shares of Camden Property Trust by 33.7% in the 4th quarter. Northern Trust Corp now owns 1,420,076 shares of the real estate investment trust's stock valued at $164,786,000 after buying an additional 357,718 shares during the period. Finally, Centersquare Investment Management LLC grew its position in shares of Camden Property Trust by 15.9% during the fourth quarter. Centersquare Investment Management LLC now owns 2,522,398 shares of the real estate investment trust's stock worth $292,699,000 after buying an additional 345,331 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company's stock.

Insider Activity

In other news, Director Steven A. Webster sold 1,200 shares of the business's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $118.76, for a total value of $142,512.00. Following the transaction, the director now owns 117,374 shares of the company's stock, valued at approximately $13,939,336.24. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 stock was sold at an average price of $119.50, for a total value of $665,854.00. Following 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 position. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company's stock.

Camden Property Trust Stock Performance

CPT traded down $0.58 during trading on Friday, hitting $113.75. 1,151,230 shares of the stock were exchanged, compared to its average volume of 935,150. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.80. Camden Property Trust has a 1-year low of $102.35 and a 1-year high of $127.69. The stock has a fifty day moving average price of $116.17 and a two-hundred day moving average price of $116.32. The firm has a market capitalization of $12.15 billion, a P/E ratio of 104.36, a PEG ratio of 3.46 and a beta of 0.78.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.68 by $0.04. The business had revenue of $390.57 million for the quarter, compared to analyst estimates of $388.47 million. Camden Property Trust had a net margin of 7.62% and a return on equity of 2.47%. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $1.70 earnings per share. As a group, sell-side 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 is presently 385.32%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CPT shares. Barclays raised their target price on shares of Camden Property Trust from $127.00 to $136.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Truist Financial set a $131.00 price objective on shares of Camden Property Trust and gave the company a "buy" rating in a research report on Monday, May 19th. Scotiabank decreased 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. JPMorgan Chase & Co. boosted their target price on shares of Camden Property Trust from $127.00 to $129.00 and gave the stock an "underweight" rating in a research note on Tuesday, June 17th. Finally, Citigroup upgraded Camden Property Trust from a "neutral" rating to a "buy" rating and raised their price target for the company from $125.00 to $138.00 in a research note on Friday, March 28th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus 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.