Vanderbilt University Sells 3,511 Shares of Camden Property Trust (NYSE:CPT)

Vanderbilt University reduced its stake in Camden Property Trust (NYSE:CPT - Free Report) by 46.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. National Pension Service bought a new stake in shares of Camden Property Trust in the 4th quarter worth approximately $26,000. IAG Wealth Partners LLC bought a new stake in shares of Camden Property Trust in the 4th quarter worth approximately $29,000. Bellwether Advisors LLC bought a new stake in shares of Camden Property Trust in the 4th quarter worth approximately $31,000. Smartleaf Asset Management LLC boosted its position in shares of Camden Property Trust by 33.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 531 shares of the real estate investment trust's stock worth $61,000 after purchasing an additional 132 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of Camden Property Trust by 220.7% in the 4th 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 in the last quarter. 97.22% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CPT has been the topic of a number of analyst reports. Jefferies Financial Group raised Camden Property Trust from a "hold" rating to a "buy" rating and boosted their price target for the stock from $117.00 to $139.00 in a research report on Monday, March 10th. JPMorgan Chase & Co. boosted their price objective on shares of Camden Property Trust from $127.00 to $129.00 and gave the stock an "underweight" rating in a report on Tuesday, June 17th. Mizuho decreased their price objective on shares of Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. Citigroup upgraded shares of Camden Property Trust from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $125.00 to $138.00 in a report on Friday, March 28th. Finally, Wall Street Zen lowered shares of Camden Property Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Camden Property Trust currently has a consensus rating of "Hold" and an average target price of $129.39.

Camden Property Trust Stock Performance

Shares of NYSE:CPT traded up $0.70 during midday trading on Monday, hitting $116.29. The company had a trading volume of 805,480 shares, compared to its average volume of 926,283. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.19 and a quick ratio of 0.19. The company has a market cap of $12.42 billion, a price-to-earnings ratio of 106.69, a PEG ratio of 3.50 and a beta of 0.78. Camden Property Trust has a 12-month low of $102.35 and a 12-month high of $127.69. The company has a fifty day moving average of $115.95 and a two-hundred day moving average of $116.47.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $388.47 million. Camden Property Trust had a return on equity of 2.47% and a net margin of 7.62%. Camden Property Trust's revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.70 EPS. On average, equities research 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 disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders 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 annualized dividend and a dividend yield of 3.61%. Camden Property Trust's dividend payout ratio (DPR) is 385.32%.

Insider Transactions at Camden Property Trust

In related news, Director Steven A. Webster sold 1,200 shares of the company's stock in a transaction 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 now owns 117,374 shares of the company's stock, valued at approximately $13,939,336.24. This represents a 1.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Richard J. Campo sold 5,572 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was 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 now directly owns 289,720 shares of the company's stock, valued at $34,621,540. This represents a 1.89% decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

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.