Truist Financial Corp Sells 248 Shares of Camden Property Trust (NYSE:CPT)

Truist Financial Corp lessened its position in shares of Camden Property Trust (NYSE:CPT) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,372 shares of the real estate investment trust’s stock after selling 248 shares during the quarter. Truist Financial Corp’s holdings in Camden Property Trust were worth $507,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. UMB Bank n.a. lifted its stake in shares of Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 98 shares during the period. Quent Capital LLC lifted its stake in shares of Camden Property Trust by 87.0% during the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 114 shares during the period. Neo Ivy Capital Management acquired a new position in shares of Camden Property Trust during the third quarter valued at $38,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Camden Property Trust by 117.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 206 shares during the period. Finally, American Capital Advisory LLC lifted its stake in shares of Camden Property Trust by 42.7% during the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 128 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Stock Up 1.1 %

Shares of Camden Property Trust stock opened at $125.42 on Tuesday. Camden Property Trust has a 1 year low of $92.99 and a 1 year high of $127.69. The business has a 50-day moving average of $115.66 and a two-hundred day moving average of $119.43. The company has a market capitalization of $13.39 billion, a P/E ratio of 83.61, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. As a group, equities analysts predict that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 31st. This is an increase 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 3.35%. Camden Property Trust’s dividend payout ratio (DPR) is presently 280.00%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Scotiabank upped their price target on Camden Property Trust from $130.00 to $135.00 and gave the company a “sector perform” rating in a research note on Friday, February 14th. Royal Bank of Canada upped their price target on Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a research note on Monday, February 10th. StockNews.com raised Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Friday. JPMorgan Chase & Co. lowered Camden Property Trust from a “neutral” rating to an “underweight” rating and cut their target price for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. Finally, Stifel Nicolaus increased their target price on Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $126.53.

Insider Buying and Selling

In related news, CEO Richard J. Campo sold 1,043 shares of the stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $114,792.58. Following the completion of the transaction, the chief executive officer now directly owns 299,092 shares in the company, valued at approximately $32,918,065.52. This trade represents a 0.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Heather J. Brunner sold 264 shares of the stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $29,055.84. Following the transaction, the director now owns 10,273 shares of the company’s stock, valued at approximately $1,130,646.38. The trade was a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,413 shares of company stock worth $2,895,718. 1.80% of the stock is owned by corporate insiders.

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.