Harbor Capital Advisors Inc. Lowers Stock Position in Camden Property Trust (NYSE:CPT)

Harbor Capital Advisors Inc. lessened its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 88.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 414 shares of the real estate investment trust's stock after selling 3,277 shares during the period. Harbor Capital Advisors Inc.'s holdings in Camden Property Trust were worth $51,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Park Avenue Securities LLC raised its holdings in shares of Camden Property Trust by 6.2% in the 1st quarter. Park Avenue Securities LLC now owns 4,780 shares of the real estate investment trust's stock valued at $585,000 after acquiring an additional 279 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Camden Property Trust by 76.1% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 900 shares of the real estate investment trust's stock worth $110,000 after purchasing an additional 389 shares during the last quarter. Unigestion Holding SA increased its position in shares of Camden Property Trust by 65.7% in the first quarter. Unigestion Holding SA now owns 7,125 shares of the real estate investment trust's stock worth $871,000 after purchasing an additional 2,825 shares during the last quarter. Hummer Financial Advisory Services Inc raised its stake in Camden Property Trust by 2.5% in the first quarter. Hummer Financial Advisory Services Inc now owns 8,239 shares of the real estate investment trust's stock valued at $1,016,000 after purchasing an additional 200 shares in the last quarter. Finally, Czech National Bank raised its stake in Camden Property Trust by 5.9% in the first quarter. Czech National Bank now owns 24,502 shares of the real estate investment trust's stock valued at $2,997,000 after purchasing an additional 1,371 shares in the last quarter. Institutional investors own 97.22% of the company's stock.

Insider Buying and Selling

In other news, CEO Richard J. Campo sold 5,572 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now directly owns 289,720 shares of the company's stock, valued at approximately $34,621,540. This trade represents a 1.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Steven A. Webster sold 1,200 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $118.76, for a total transaction of $142,512.00. Following the transaction, the director now owns 117,374 shares in the company, valued at $13,939,336.24. This represents a 1.01% decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CPT shares. Citigroup raised shares of Camden Property Trust from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $125.00 to $138.00 in a research note on Friday, March 28th. Barclays lifted their price objective on shares of Camden Property Trust from $127.00 to $136.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Truist Financial set a $131.00 target price on Camden Property Trust and gave the company a "buy" rating in a research note on Monday, May 19th. Mizuho lowered their price target on Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating on the stock in a research report on Friday, May 23rd. Finally, Jefferies Financial Group upgraded Camden Property Trust from a "hold" rating to a "buy" rating and upped their price objective for the stock from $117.00 to $139.00 in a report on Monday, March 10th. Two 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $129.39.

Camden Property Trust Trading Down 0.3%

Shares of CPT stock traded down $0.33 during mid-day trading on Thursday, reaching $115.57. The stock had a trading volume of 759,086 shares, compared to its average volume of 924,457. The firm has a market capitalization of $12.35 billion, a PE ratio of 106.03, a price-to-earnings-growth ratio of 3.51 and a beta of 0.78. The stock's 50-day moving average price is $115.55 and its two-hundred day moving average price is $116.69. 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 has a 52-week low of $102.35 and a 52-week high of $127.69.

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, beating analysts' consensus estimates of $1.68 by $0.04. The company had revenue of $390.57 million for 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 previous year, the business earned $1.70 EPS. Equities analysts expect that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors 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 dividend on an annualized basis and a dividend yield of 3.63%. 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.