Vanderbilt University Trims Holdings in Camden Property Trust (NYSE:CPT)

Vanderbilt University decreased its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 46.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,080 shares of the real estate investment trust's stock after selling 3,511 shares during the quarter. Vanderbilt University's holdings in Camden Property Trust were worth $499,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. National Pension Service purchased a new position in Camden Property Trust during the fourth quarter worth approximately $26,000. IAG Wealth Partners LLC purchased a new position in Camden Property Trust during the fourth quarter worth approximately $29,000. Bellwether Advisors LLC purchased a new position in Camden Property Trust during the fourth quarter worth approximately $31,000. Smartleaf Asset Management LLC lifted its position in Camden Property Trust by 33.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 531 shares of the real estate investment trust's stock worth $61,000 after buying an additional 132 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted 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 buying an additional 384 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company's stock.

Insider Activity

In other news, Director Steven A. Webster sold 1,200 shares of the stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $118.76, for a total value of $142,512.00. Following the transaction, the director now owns 117,374 shares in the company, valued at approximately $13,939,336.24. This represents a 1.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Richard J. Campo sold 5,572 shares of the stock in a transaction dated 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 now owns 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. Company insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on CPT. Mizuho reduced their target price on Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating on the stock in a research report on Friday, May 23rd. Jefferies Financial Group upgraded Camden Property Trust from a "hold" rating to a "buy" rating and lifted their target price for the company from $117.00 to $139.00 in a research report on Monday, March 10th. JPMorgan Chase & Co. lifted their target price on Camden Property Trust from $127.00 to $129.00 and gave the company an "underweight" rating in a research report on Tuesday. Scotiabank reduced their target price on Camden Property Trust from $144.00 to $136.00 and set a "sector perform" rating on the stock in a research report on Friday, June 13th. Finally, Truist Financial set a $131.00 target price on Camden Property Trust and gave the company a "buy" rating in a research report on Monday, May 19th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $129.39.

Camden Property Trust Price Performance

Shares of NYSE CPT opened at $115.57 on Friday. The stock's 50-day moving average is $115.70 and its two-hundred day moving average is $116.63. 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 has a 1-year low of $102.35 and a 1-year high of $127.69. The company has a market cap of $12.35 billion, a price-to-earnings ratio of 106.03, a price-to-earnings-growth ratio of 3.50 and a beta of 0.78.

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, topping the consensus estimate 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 company had revenue of $390.57 million for the quarter, compared to the consensus estimate of $388.47 million. During the same quarter in the prior year, the business earned $1.70 EPS. Camden Property Trust's revenue was up 2.0% on a year-over-year basis. Analysts forecast that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders 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 3.63%. Camden Property Trust's payout ratio is currently 385.32%.

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.

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