Miller Howard Investments Inc. NY Has $233,000 Position in Camden Property Trust (NYSE:CPT)

Miller Howard Investments Inc. NY decreased its position in Camden Property Trust (NYSE:CPT - Free Report) by 71.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,909 shares of the real estate investment trust's stock after selling 4,722 shares during the quarter. Miller Howard Investments Inc. NY's holdings in Camden Property Trust were worth $233,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CPT. Federated Hermes Inc. raised its stake in Camden Property Trust by 6.5% during the 4th quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust's stock valued at $170,000 after purchasing an additional 90 shares during the last quarter. Amalgamated Bank raised its position in shares of Camden Property Trust by 0.5% during the first quarter. Amalgamated Bank now owns 20,558 shares of the real estate investment trust's stock valued at $2,514,000 after buying an additional 93 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Camden Property Trust by 0.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,117 shares of the real estate investment trust's stock valued at $2,102,000 after buying an additional 98 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Camden Property Trust by 2.5% in the fourth quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust's stock valued at $499,000 after buying an additional 105 shares during the period. Finally, Smartleaf Asset Management LLC grew 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 worth $61,000 after buying an additional 132 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on CPT shares. JPMorgan Chase & Co. upped their price target on Camden Property Trust from $127.00 to $129.00 and gave the company an "underweight" rating in a report on Tuesday, June 17th. Jefferies Financial Group upgraded Camden Property Trust from a "hold" rating to a "buy" rating and upped their target price for the company from $117.00 to $139.00 in a research note on Monday, March 10th. Scotiabank reduced their target price on Camden Property Trust from $144.00 to $136.00 and set a "sector perform" rating for the company in a research report on Friday, June 13th. Barclays lifted their price target on shares of Camden Property Trust from $127.00 to $136.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Finally, Truist Financial set a $131.00 price objective on shares of Camden Property Trust and gave the company a "buy" rating in a research note on Monday, May 19th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Camden Property Trust presently has an average rating of "Hold" and an average target price of $129.39.

Insider Transactions at Camden Property Trust

In other Camden Property Trust news, Director Steven A. Webster sold 1,200 shares of the company'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 transaction, the director 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard J. Campo sold 5,572 shares of Camden Property Trust stock in a transaction 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.

Camden Property Trust Price Performance

Shares of CPT traded up $0.61 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. The company has a market capitalization of $12.18 billion, a PE ratio of 104.60, a PEG ratio of 3.42 and a beta of 0.77. Camden Property Trust has a fifty-two week low of $102.35 and a fifty-two week high of $127.69. The company has a 50 day moving average price of $116.19 and a 200 day moving average price of $116.17. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.19 and a quick ratio of 0.19.

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 analysts' consensus estimates of $1.68 by $0.04. The company had revenue of $390.57 million for 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 revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.70 earnings per share. On average, research analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The business also recently disclosed 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. This represents a $4.20 annualized dividend and a yield of 3.68%. The ex-dividend date is Monday, June 30th. Camden Property Trust's 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.