KBC Group NV Sells 74,124 Shares of Camden Property Trust (NYSE:CPT)

KBC Group NV decreased its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 64.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,001 shares of the real estate investment trust's stock after selling 74,124 shares during the period. KBC Group NV's holdings in Camden Property Trust were worth $4,892,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. IAG Wealth Partners LLC acquired 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 in the 4th quarter valued at $31,000. Tsfg LLC bought a new stake in shares of Camden Property Trust in the 1st quarter worth about $40,000. Smartleaf Asset Management LLC grew its holdings in shares of Camden Property Trust by 33.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 531 shares of the real estate investment trust's stock worth $61,000 after purchasing an additional 132 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of Camden Property Trust by 220.7% during the 4th quarter. Jones Financial Companies Lllp now owns 558 shares of the real estate investment trust's stock worth $65,000 after purchasing an additional 384 shares in the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Trading Up 0.5%

Shares of CPT traded up $0.61 on Friday, reaching $114.01. 610,676 shares of the company's stock were exchanged, compared to its average volume of 949,922. The business has a 50 day moving average price of $116.19 and a two-hundred day moving average price of $116.14. Camden Property Trust has a 12 month low of $102.35 and a 12 month high of $127.69. The stock has a market capitalization of $12.18 billion, a P/E ratio of 104.60, a price-to-earnings-growth ratio of 3.45 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 (NYSE:CPT - Get Free Report) last issued its 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. The company had revenue of $390.57 million during the quarter, compared to analysts' expectations of $388.47 million. Camden Property Trust had a net margin of 7.62% and a return on equity of 2.47%. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.70 EPS. Research analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend is Monday, June 30th. Camden Property Trust's dividend payout ratio (DPR) is currently 385.32%.

Insider Transactions at Camden Property Trust

In related news, CEO Richard J. Campo sold 5,572 shares of Camden Property Trust stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $119.50, for a total transaction of $665,854.00. Following the transaction, the chief executive officer 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven A. Webster sold 1,200 shares of the company's stock in a transaction that occurred on Friday, May 16th. The shares were 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. The trade was 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.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Camden Property Trust from $127.00 to $129.00 and gave the company an "underweight" rating in a research report on Tuesday, June 17th. Truist Financial set a $131.00 price target on Camden Property Trust and gave the stock a "buy" rating in a research report on Monday, May 19th. Citigroup upgraded Camden Property Trust from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $125.00 to $138.00 in a research report on Friday, March 28th. Jefferies Financial Group raised Camden Property Trust from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $117.00 to $139.00 in a research note on Monday, March 10th. Finally, Barclays raised their target price on Camden Property Trust from $127.00 to $136.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. 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.com, the company has a consensus rating of "Hold" and an average target price of $129.39.

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.