Victory Capital Management Inc. Has $530.94 Million Stake in Camden Property Trust (NYSE:CPT)

Victory Capital Management Inc. lessened its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 1.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,341,279 shares of the real estate investment trust's stock after selling 59,567 shares during the quarter. Camden Property Trust makes up about 0.5% of Victory Capital Management Inc.'s portfolio, making the stock its 18th biggest position. Victory Capital Management Inc. owned approximately 3.99% of Camden Property Trust worth $530,938,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Camden Property Trust by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 17,250,406 shares of the real estate investment trust's stock valued at $2,001,737,000 after buying an additional 125,287 shares during the last quarter. Invesco Ltd. grew its position in shares of Camden Property Trust by 17.3% in the fourth quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust's stock valued at $344,432,000 after purchasing an additional 438,685 shares in the last quarter. Geode Capital Management LLC grew its position in Camden Property Trust by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 2,816,260 shares of the real estate investment trust's stock worth $326,032,000 after acquiring an additional 76,429 shares during the period. Centersquare Investment Management LLC grew its position in Camden Property Trust by 15.9% in the fourth quarter. Centersquare Investment Management LLC now owns 2,522,398 shares of the real estate investment trust's stock worth $292,699,000 after acquiring an additional 345,331 shares during the period. Finally, Wellington Management Group LLP lifted its stake in Camden Property Trust by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 2,078,944 shares of the real estate investment trust's stock worth $241,241,000 after purchasing an additional 104,102 shares in the last quarter. Institutional investors own 97.22% of the company's stock.

Insider Transactions at Camden Property Trust

In related news, CEO Richard J. Campo sold 5,572 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly 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 filing with the SEC, which is available at this link. Also, Director Steven A. Webster sold 1,200 shares of the company's stock in a transaction that occurred 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 $13,939,336.24. The trade was a 1.01% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.

Analyst Ratings Changes

CPT has been the topic of a number of recent analyst reports. Truist Financial set a $131.00 price objective on Camden Property Trust and gave the company a "buy" rating in a report on Monday, May 19th. Scotiabank cut their price objective on Camden Property Trust from $144.00 to $136.00 and set a "sector perform" rating for the company in a research report on Friday, June 13th. UBS Group cut their price target on Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating for the company in a report on Tuesday. JPMorgan Chase & Co. upped their price objective on Camden Property Trust from $127.00 to $129.00 and gave the stock an "underweight" rating in a report on Tuesday, June 17th. Finally, Mizuho decreased their price target on shares of Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating for the company in a research report on Friday, May 23rd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $129.28.

Camden Property Trust Stock Down 0.2%

Shares of NYSE:CPT traded down $0.22 during trading on Friday, reaching $113.93. 654,902 shares of the company traded hands, compared to its average volume of 949,984. The firm has a market cap of $12.17 billion, a P/E ratio of 104.52, a price-to-earnings-growth ratio of 3.78 and a beta of 0.77. The firm has a fifty day simple moving average of $115.50 and a 200 day simple moving average of $115.98. 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 1-year low of $102.35 and a 1-year high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its earnings results 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 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 business's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.70 EPS. Analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, June 30th were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date was Monday, June 30th. Camden Property Trust's dividend payout ratio is presently 385.32%.

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.