Envestnet Asset Management Inc. Sells 7,972 Shares of Camden Property Trust (NYSE:CPT)

Envestnet Asset Management Inc. reduced its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 3.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,468 shares of the real estate investment trust's stock after selling 7,972 shares during the period. Envestnet Asset Management Inc. owned approximately 0.20% of Camden Property Trust worth $26,107,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Camden Property Trust by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 17,250,406 shares of the real estate investment trust's stock valued at $2,001,737,000 after acquiring an additional 125,287 shares during the last quarter. Invesco Ltd. lifted its position in Camden Property Trust by 17.3% during the fourth 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 during the last quarter. Geode Capital Management LLC grew its stake in Camden Property Trust by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 2,816,260 shares of the real estate investment trust's stock worth $326,032,000 after buying an additional 76,429 shares in the last quarter. Centersquare Investment Management LLC increased its holdings in shares of Camden Property Trust by 15.9% in the 4th 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 during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Camden Property Trust by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 2,078,944 shares of the real estate investment trust's stock valued at $241,241,000 after buying an additional 104,102 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company's stock.

Analyst Ratings Changes

CPT has been the subject of several research reports. Wall Street Zen lowered shares of Camden Property Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Mizuho reduced their target price on shares of Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating on the stock in a report on Friday, May 23rd. Truist Financial set a $131.00 price objective on Camden Property Trust and gave the company a "buy" rating in a research report on Monday, May 19th. Barclays boosted their price target on Camden Property Trust from $136.00 to $137.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, 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 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 issued a buy rating to the company's stock. Based on data from MarketBeat, Camden Property Trust has an average rating of "Hold" and an average target price of $129.28.

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, CEO Richard J. Campo sold 5,572 shares of the 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 transaction, the chief executive officer owned 289,720 shares of the company's stock, valued at $34,621,540. This represents a 1.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven A. Webster sold 1,200 shares of Camden Property Trust 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 sale, the director directly owned 117,374 shares in the company, 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. Corporate insiders own 1.80% of the company's stock.

Camden Property Trust Stock Performance

NYSE:CPT traded down $1.60 during trading hours on Tuesday, reaching $112.50. The company had a trading volume of 587,129 shares, compared to its average volume of 950,448. The firm's 50 day moving average price is $115.98 and its 200-day moving average price is $116.05. The firm has a market cap of $12.02 billion, a price-to-earnings ratio of 103.21, a PEG ratio of 3.77 and a beta of 0.77. Camden Property Trust has a 52 week low of $102.35 and a 52 week high of $127.69. 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 posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $1.72 EPS for the quarter, topping the consensus estimate of $1.68 by $0.04. Camden Property Trust had a return on equity of 2.47% and a net margin of 7.62%. The firm 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 business posted $1.70 EPS. Camden Property Trust's revenue was up 2.0% on a year-over-year basis. On average, analysts forecast that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors 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 dividend yield of 3.73%. The ex-dividend date is Monday, June 30th. Camden Property Trust's dividend payout ratio (DPR) is 385.32%.

About Camden Property Trust

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.