11,621 Shares in Camden Property Trust (NYSE:CPT) Bought by MQS Management LLC

MQS Management LLC bought a new position in shares of Camden Property Trust (NYSE:CPT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,621 shares of the real estate investment trust's stock, valued at approximately $1,421,000. Camden Property Trust comprises approximately 0.8% of MQS Management LLC's investment portfolio, making the stock its 3rd largest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp lifted its stake in shares of Camden Property Trust by 33.7% in the 4th quarter. Northern Trust Corp now owns 1,420,076 shares of the real estate investment trust's stock valued at $164,786,000 after acquiring an additional 357,718 shares during the last quarter. Natixis grew its holdings in Camden Property Trust by 741.3% during the 4th quarter. Natixis now owns 18,063 shares of the real estate investment trust's stock worth $2,096,000 after acquiring an additional 15,916 shares during the period. Proficio Capital Partners LLC acquired a new stake in Camden Property Trust during the 4th quarter worth about $13,263,000. Vanguard Group Inc. grew its holdings in Camden Property Trust by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 17,250,406 shares of the real estate investment trust's stock worth $2,001,737,000 after acquiring an additional 125,287 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Camden Property Trust by 6.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 244,789 shares of the real estate investment trust's stock worth $28,657,000 after acquiring an additional 13,784 shares during the period. 97.22% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Steven A. Webster sold 1,200 shares of Camden Property Trust stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $118.76, for a total value of $142,512.00. Following the completion of the transaction, the director directly owned 117,374 shares in the company, valued at approximately $13,939,336.24. The trade was a 1.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the transaction, the chief executive officer owned 289,720 shares of the company's stock, valued at $34,621,540. This 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.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CPT. Citigroup upgraded Camden Property Trust from a "neutral" rating to a "buy" rating and increased their price target for the stock from $125.00 to $138.00 in a report on Friday, March 28th. Wall Street Zen downgraded Camden Property Trust from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. 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. 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 note on Friday, June 13th. 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 analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $129.39.

Camden Property Trust Stock Performance

Shares of Camden Property Trust stock traded up $0.35 during mid-day trading on Friday, hitting $113.76. 599,372 shares of the stock were exchanged, compared to its average volume of 952,699. Camden Property Trust has a 12 month low of $102.35 and a 12 month high of $127.69. The company has a 50-day simple moving average of $115.98 and a 200 day simple moving average of $116.05. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.19 and a current ratio of 0.19. The company has a market capitalization of $12.15 billion, a P/E ratio of 104.37, a P/E/G ratio of 3.77 and a beta of 0.77.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 EPS for the quarter, topping the consensus estimate of $1.68 by $0.04. The firm had revenue of $390.57 million for 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 company's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.70 EPS. Sell-side analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be issued a $1.05 dividend. The ex-dividend date is Monday, June 30th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.69%. Camden Property Trust's dividend payout ratio (DPR) is presently 385.32%.

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.