Miller Howard Investments Inc. NY Cuts Stock Holdings in Camden Property Trust (NYSE:CPT)

Miller Howard Investments Inc. NY lessened its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 71.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,909 shares of the real estate investment trust's stock after selling 4,722 shares during the period. Miller Howard Investments Inc. NY's holdings in Camden Property Trust were worth $233,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Camden Property Trust by 4.1% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,777 shares of the real estate investment trust's stock worth $4,376,000 after buying an additional 1,394 shares during the last quarter. Mather Group LLC. boosted its holdings in Camden Property Trust by 341.5% in the 1st quarter. Mather Group LLC. now owns 1,254 shares of the real estate investment trust's stock worth $153,000 after buying an additional 970 shares during the last quarter. Amalgamated Bank boosted its holdings in Camden Property Trust by 0.5% in the 1st quarter. Amalgamated Bank now owns 20,558 shares of the real estate investment trust's stock worth $2,514,000 after buying an additional 93 shares during the last quarter. Naviter Wealth LLC boosted its holdings in Camden Property Trust by 4.5% in the 1st quarter. Naviter Wealth LLC now owns 6,133 shares of the real estate investment trust's stock worth $750,000 after buying an additional 265 shares during the last quarter. Finally, Tsfg LLC acquired a new position in shares of Camden Property Trust during the 1st quarter worth approximately $40,000. Hedge funds and other institutional investors own 97.22% of the company's stock.

Insider Buying and Selling

In other Camden Property Trust news, Director Steven A. Webster sold 1,200 shares of the business's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $118.76, for a total value of $142,512.00. Following the sale, the director owned 117,374 shares of the company's stock, valued at $13,939,336.24. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard J. Campo sold 5,572 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $34,621,540. The trade was a 1.89% decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.

Camden Property Trust Trading Up 0.5%

CPT traded up $0.61 during trading hours on Friday, reaching $114.01. The company's stock had a trading volume of 610,676 shares, compared to its average volume of 949,922. Camden Property Trust has a fifty-two week low of $102.35 and a fifty-two week high of $127.69. The stock has a market cap of $12.18 billion, a PE ratio of 104.60, a P/E/G ratio of 3.45 and a beta of 0.77. The business's 50-day moving average is $116.19 and its 200-day moving average is $116.14. 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 announced its 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 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 firm's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.70 earnings per share. As a group, equities research analysts predict that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The company 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. 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 payout ratio is 385.32%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Camden Property Trust from $127.00 to $129.00 and gave the stock an "underweight" rating in a report on Tuesday, June 17th. Wall Street Zen cut Camden Property Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Truist Financial set a $131.00 target price on Camden Property Trust and gave the stock a "buy" rating in a report on Monday, May 19th. Jefferies Financial Group upgraded Camden Property Trust from a "hold" rating to a "buy" rating and boosted their target price for the stock from $117.00 to $139.00 in a report on Monday, March 10th. Finally, Mizuho lowered their target price on Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating on the stock in a report on Friday, May 23rd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $129.39.

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.