Apollon Wealth Management LLC Grows Stock Holdings in Camden Property Trust (NYSE:CPT)

Apollon Wealth Management LLC boosted its holdings in shares of Camden Property Trust (NYSE:CPT) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,659 shares of the real estate investment trust’s stock after purchasing an additional 128 shares during the quarter. Apollon Wealth Management LLC’s holdings in Camden Property Trust were worth $425,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. SMART Wealth LLC purchased a new stake in Camden Property Trust during the third quarter valued at $829,000. Nordea Investment Management AB increased its position in Camden Property Trust by 15.0% during the fourth quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust’s stock valued at $11,339,000 after acquiring an additional 12,805 shares during the last quarter. QRG Capital Management Inc. bought a new position in Camden Property Trust during the third quarter valued at $1,660,000. Franklin Resources Inc. increased its position in Camden Property Trust by 3.2% during the third quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust’s stock valued at $23,174,000 after acquiring an additional 5,985 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Camden Property Trust by 10.5% during the third quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust’s stock valued at $66,563,000 after acquiring an additional 51,097 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Insider Activity

In other news, CEO Richard J. Campo sold 7,324 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $838,598.00. Following the sale, the chief executive officer now directly owns 300,135 shares in the company, valued at approximately $34,365,457.50. This trade represents a 2.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Alexander J. Jessett sold 13,067 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $1,496,171.50. Following the completion of the sale, the chief financial officer now owns 124,246 shares in the company, valued at $14,226,167. This represents a 9.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,413 shares of company stock worth $2,895,718. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on CPT shares. Scotiabank cut their price objective on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Barclays cut their price objective on shares of Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. StockNews.com upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. cut shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $129.00 to $128.00 in a research report on Tuesday, December 17th. Finally, Evercore ISI raised their price target on shares of Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $126.03.

Camden Property Trust Trading Up 0.6 %

NYSE CPT opened at $119.11 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. The company has a market capitalization of $12.71 billion, a price-to-earnings ratio of 79.41, a price-to-earnings-growth ratio of 4.27 and a beta of 0.94. The company’s 50-day simple moving average is $115.30 and its two-hundred day simple moving average is $119.08. Camden Property Trust has a one year low of $91.95 and a one year high of $127.69.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.32%. Equities analysts forecast that Camden Property Trust will post 6.8 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a $1.05 dividend. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date is Monday, March 31st. Camden Property Trust’s dividend payout ratio (DPR) is currently 280.00%.

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.