Nisa Investment Advisors LLC Sells 3,072 Shares of Camden Property Trust (NYSE:CPT)

Nisa Investment Advisors LLC decreased its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 5.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,007 shares of the real estate investment trust's stock after selling 3,072 shares during the period. Nisa Investment Advisors LLC owned 0.05% of Camden Property Trust worth $7,159,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CPT. IAG Wealth Partners LLC bought a new stake in shares of Camden Property Trust during the 4th quarter valued at about $29,000. Bellwether Advisors LLC purchased a new stake in shares of Camden Property Trust during the 4th quarter valued at about $31,000. Tsfg LLC purchased a new position in shares of Camden Property Trust in the first quarter worth approximately $40,000. Catalyst Capital Advisors LLC purchased a new stake in Camden Property Trust in the 1st quarter worth approximately $64,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Camden Property Trust by 220.7% during the 4th quarter. Jones Financial Companies Lllp now owns 558 shares of the real estate investment trust's stock valued at $65,000 after purchasing an additional 384 shares during the last quarter. Institutional investors own 97.22% of the company's stock.

Insider Buying and Selling at Camden Property Trust

In other news, Director Steven A. Webster sold 1,200 shares of Camden Property Trust 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 completion of the sale, the director directly owned 117,374 shares of the company's stock, valued at approximately $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 accessible through this link. Also, CEO Richard J. Campo sold 5,572 shares of the stock in a transaction 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 transaction, the chief executive officer directly owned 289,720 shares in the company, valued at approximately $34,621,540. This represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company's stock.

Camden Property Trust Stock Performance

Shares of Camden Property Trust stock traded down $1.60 during trading on Tuesday, reaching $112.50. The company's stock had a trading volume of 587,129 shares, compared to its average volume of 950,448. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.80. The firm has a market cap of $12.02 billion, a PE ratio of 103.21, a P/E/G ratio of 3.77 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 $115.98 and a two-hundred day moving average price of $116.05.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its 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. Camden Property Trust had a return on equity of 2.47% and a net margin of 7.62%. The firm had revenue of $390.57 million for the quarter, compared to analyst estimates of $388.47 million. During the same period in the previous year, the company earned $1.70 earnings per share. Camden Property Trust's revenue was up 2.0% compared to the same quarter last year. On average, analysts forecast that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors 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 3.73%. The ex-dividend date of this dividend is Monday, June 30th. Camden Property Trust's dividend payout ratio (DPR) is currently 385.32%.

Wall Street Analysts Forecast Growth

CPT has been the topic of a number of research reports. Truist Financial set a $131.00 target price on shares of Camden Property Trust and gave the stock a "buy" rating in a research note on Monday, May 19th. Scotiabank decreased their price target on shares of Camden Property Trust from $144.00 to $136.00 and set a "sector perform" rating on the stock in a report on Friday, June 13th. JPMorgan Chase & Co. raised their price target on Camden Property Trust from $127.00 to $129.00 and gave the stock an "underweight" rating in a report on Tuesday, June 17th. Citigroup raised Camden Property Trust from a "neutral" rating to a "buy" rating and upped their price target for the company from $125.00 to $138.00 in a report on Friday, March 28th. Finally, UBS Group lowered their price objective on shares of Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating on the stock in a research report on Tuesday. 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.com, Camden Property Trust has an average rating of "Hold" and an average price target of $129.28.

Camden Property Trust Company 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.