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

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

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bellwether Advisors LLC acquired a new position in Camden Property Trust during the fourth quarter worth $31,000. Tsfg LLC acquired a new stake in Camden Property Trust during the first quarter worth approximately $40,000. Allworth Financial LP grew its position in shares of Camden Property Trust by 47.4% in the first quarter. Allworth Financial LP now owns 491 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 158 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in Camden Property Trust in the 1st quarter valued at about $64,000. Finally, Jones Financial Companies Lllp increased its position in Camden Property Trust by 220.7% during 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 last quarter. Institutional investors and hedge funds own 97.22% of the company's stock.

Insiders Place Their Bets

In other Camden Property Trust news, 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 transaction, the chief executive officer owned 289,720 shares of the company's stock, valued at $34,621,540. The trade was a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, 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 of the company's stock, valued at approximately $13,939,336.24. This trade represents a 1.01% decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Scotiabank dropped their price objective on Camden Property Trust from $144.00 to $136.00 and set a "sector perform" rating for the company in a report on Friday, June 13th. Wall Street Zen downgraded Camden Property Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Barclays set a $137.00 price objective on Camden Property Trust and gave the company an "overweight" rating in a research note on Tuesday. UBS Group decreased their target price on Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating for the company in a report on Tuesday. Finally, Truist Financial set a $131.00 price target on shares of Camden Property Trust and gave the company a "buy" rating in a report on Monday, May 19th. Two 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 stock currently has a consensus rating of "Hold" and a consensus target price of $129.28.

Camden Property Trust Stock Up 1.4%

Shares of CPT traded up $1.62 during mid-day trading on Wednesday, reaching $114.10. 595,910 shares of the stock traded hands, compared to its average volume of 951,409. The firm has a market cap of $12.19 billion, a price-to-earnings ratio of 104.68, a P/E/G ratio of 3.73 and a beta of 0.77. The stock has a fifty day simple moving average of $115.64 and a 200 day simple moving average of $116.00. Camden Property Trust has a 12-month low of $102.35 and a 12-month 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.

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

Camden Property Trust Announces Dividend

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 paid 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 dividend yield of 3.68%. 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.