KBC Group NV Has $4.89 Million Stake in Camden Property Trust (NYSE:CPT)

KBC Group NV lowered its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 64.9% during the first quarter, according to the company in its most recent disclosure 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. IAG Wealth Partners LLC purchased a new position in Camden Property Trust in the fourth quarter valued at about $29,000. Bellwether Advisors LLC bought a new stake in shares of Camden Property Trust in the 4th quarter valued at approximately $31,000. Tsfg LLC acquired a new stake in shares of Camden Property Trust during the 1st quarter valued at approximately $40,000. Smartleaf Asset Management LLC lifted its stake 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 worth $61,000 after purchasing an additional 132 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in Camden Property Trust by 220.7% in the fourth 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 during the period. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Stock Up 0.5%

Shares of Camden Property Trust stock traded up $0.61 during midday trading on Thursday, hitting $114.01. The company's stock had a trading volume of 610,676 shares, compared to its average volume of 946,348. 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. The firm has a market capitalization of $12.18 billion, a P/E ratio of 104.60, a PEG ratio of 3.42 and a beta of 0.77. The stock has a 50-day simple moving average of $116.19 and a 200-day simple moving average of $116.17.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.68 by $0.04. The firm had revenue of $390.57 million during the quarter, compared to analyst estimates of $388.47 million. Camden Property Trust had a return on equity of 2.47% and a net margin of 7.62%. The business's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $1.70 EPS. As a group, sell-side analysts expect 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 given 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 3.68%. Camden Property Trust's payout ratio is 385.32%.

Insiders Place Their Bets

In other news, Director Steven A. Webster sold 1,200 shares of the business's stock in a transaction 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 transaction, the director directly owned 117,374 shares in the company, valued at $13,939,336.24. The trade was a 1.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Richard J. Campo sold 5,572 shares of the 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 completion of the transaction, the chief executive officer owned 289,720 shares in the company, valued at $34,621,540. This represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CPT shares. Jefferies Financial Group raised shares of Camden Property Trust from a "hold" rating to a "buy" rating and lifted their price target for the company from $117.00 to $139.00 in a report on Monday, March 10th. Mizuho lowered their target price on Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. Scotiabank dropped their price target on Camden Property Trust from $144.00 to $136.00 and set a "sector perform" rating on the stock in a research report on Friday, June 13th. Wall Street Zen lowered Camden Property Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Finally, JPMorgan Chase & Co. increased their target price on Camden Property Trust from $127.00 to $129.00 and gave the stock an "underweight" rating in a research report on Tuesday, June 17th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target 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.