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

Nisa Investment Advisors LLC trimmed its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 5.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 about 0.05% of Camden Property Trust worth $7,159,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IAG Wealth Partners LLC bought a new stake in Camden Property Trust during the 4th quarter valued at $29,000. Bellwether Advisors LLC purchased a new position in shares of Camden Property Trust in the fourth quarter valued at about $31,000. Tsfg LLC bought a new position in shares of Camden Property Trust during the first quarter valued at about $40,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Camden Property Trust during the first quarter worth about $64,000. Finally, Jones Financial Companies Lllp grew its stake in shares of Camden Property Trust by 220.7% in 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. 97.22% of the stock is owned by institutional investors.

Camden Property Trust Stock Up 0.3%

CPT stock opened at $113.76 on Friday. The business's 50-day moving average price is $115.98 and its 200-day moving average price is $116.05. The stock has a market cap of $12.15 billion, a P/E ratio of 104.37, a PEG ratio of 3.76 and a beta of 0.77. 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 has a twelve month low of $102.35 and a twelve month high of $127.69.

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 for the quarter, beating the consensus estimate of $1.68 by $0.04. The business had revenue of $390.57 million for the quarter, compared to the consensus estimate 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 revenue for the quarter 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, equities research analysts forecast that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders 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 yield of 3.69%. Camden Property Trust's payout ratio is presently 385.32%.

Insider Transactions at Camden Property Trust

In other news, CEO Richard J. Campo sold 5,572 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was 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. This represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 completion of the transaction, the director directly owned 117,374 shares in the company, valued at approximately $13,939,336.24. This represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CPT shares. Mizuho dropped their price objective on Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. Scotiabank dropped their price target 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. Barclays boosted their price objective on shares of Camden Property Trust from $127.00 to $136.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Wall Street Zen cut shares of Camden Property Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Finally, Citigroup raised shares of Camden Property Trust from a "neutral" rating to a "buy" rating and lifted their target price for the company from $125.00 to $138.00 in a research note on Friday, March 28th. Two 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $129.39.

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.

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