Davidson Investment Advisors Increases Holdings in Camden Property Trust (NYSE:CPT)

Davidson Investment Advisors boosted its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 2.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 161,089 shares of the real estate investment trust's stock after buying an additional 3,978 shares during the quarter. Davidson Investment Advisors owned 0.15% of Camden Property Trust worth $19,701,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in CPT. IAG Wealth Partners LLC purchased a new position in shares of Camden Property Trust during the fourth quarter valued at approximately $29,000. Bellwether Advisors LLC purchased a new stake in Camden Property Trust during the 4th quarter valued at $31,000. Tsfg LLC purchased a new stake in Camden Property Trust during the first quarter valued at $40,000. Smartleaf Asset Management LLC increased its position in Camden Property Trust by 33.1% during 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, Catalyst Capital Advisors LLC purchased a new stake in Camden Property Trust during the first quarter valued at $64,000. 97.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wall Street Zen cut shares of Camden Property Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. 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 research note on Friday, May 9th. Mizuho cut 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 report on Friday, May 23rd. JPMorgan Chase & Co. lifted their target price on Camden Property Trust from $127.00 to $129.00 and gave the stock an "underweight" rating in a report on Tuesday, June 17th. Finally, Truist Financial set a $131.00 price target on shares of Camden Property Trust and gave the stock a "buy" rating in a research note on Monday, May 19th. Two equities research 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. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $129.39.

Camden Property Trust Stock Up 0.3%

Shares of NYSE CPT traded up $0.36 during mid-day trading on Thursday, reaching $113.37. 866,543 shares of the company were exchanged, compared to its average volume of 950,858. The stock has a market cap of $12.11 billion, a price-to-earnings ratio of 104.01, a P/E/G ratio of 3.43 and a beta of 0.77. The firm has a 50-day moving average of $116.15 and a 200 day moving average of $116.08. Camden Property Trust has a 1 year low of $102.35 and a 1 year high of $127.69. 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 (NYSE:CPT - Get Free Report) last released its quarterly 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. 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 analyst estimates of $388.47 million. During the same period in the prior year, the firm posted $1.70 earnings per share. The company's quarterly revenue was up 2.0% on a year-over-year basis. On average, research analysts expect that Camden Property Trust will post 6.76 earnings per share 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 issued a dividend of $1.05 per share. The ex-dividend date is Monday, June 30th. This represents a $4.20 annualized dividend and a dividend yield of 3.70%. Camden Property Trust's dividend payout ratio is presently 385.32%.

Insider Buying and Selling at Camden Property Trust

In related news, CEO Richard J. Campo sold 5,572 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 289,720 shares of the company's stock, valued at $34,621,540. This trade represents a 1.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven A. Webster sold 1,200 shares of the firm'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 completion of the transaction, the director directly owned 117,374 shares of the company's stock, valued at approximately $13,939,336.24. This represents a 1.01% 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 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.