Avantax Advisory Services Inc. Has $530,000 Stock Holdings in Camden Property Trust (NYSE:CPT)

Avantax Advisory Services Inc. decreased its holdings in Camden Property Trust (NYSE:CPT) by 6.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,565 shares of the real estate investment trust’s stock after selling 289 shares during the period. Avantax Advisory Services Inc.’s holdings in Camden Property Trust were worth $530,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. UMB Bank n.a. increased its holdings in Camden Property Trust by 76.6% in the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 98 shares in the last quarter. First American Bank increased its position in Camden Property Trust by 1.0% in the 4th quarter. First American Bank now owns 10,846 shares of the real estate investment trust’s stock valued at $1,259,000 after acquiring an additional 104 shares during the period. Fisher Asset Management LLC raised its stake in shares of Camden Property Trust by 2.5% during the fourth quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust’s stock valued at $499,000 after acquiring an additional 105 shares during the last quarter. Doliver Advisors LP grew its position in shares of Camden Property Trust by 6.7% in the 4th quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust’s stock valued at $209,000 after buying an additional 113 shares during the last quarter. Finally, Quent Capital LLC lifted its position in shares of Camden Property Trust by 87.0% in the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 114 shares during the period. Institutional investors own 97.22% of the company’s stock.

Wall Street Analyst Weigh In

CPT has been the subject of several recent analyst reports. Barclays increased their price objective on shares of Camden Property Trust from $126.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Wells Fargo & Company decreased their price target on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Scotiabank boosted their target price on Camden Property Trust from $130.00 to $135.00 and gave the company a “sector perform” rating in a research report on Friday, February 14th. Royal Bank of Canada boosted their target price on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a “sector perform” rating in a research report on Monday, February 10th. Finally, Mizuho dropped their target price on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $127.19.

Insider Activity at Camden Property Trust

In related news, Director Heather J. Brunner sold 1,853 shares of Camden Property Trust stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $212,168.50. Following the transaction, the director now owns 10,537 shares in the company, valued at $1,206,486.50. This trade represents a 14.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Alexander J. Jessett sold 13,067 shares of Camden Property Trust stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $1,496,171.50. Following the completion of the transaction, the chief financial officer now directly owns 124,246 shares in the company, valued at approximately $14,226,167. The trade was a 9.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,548 shares of company stock valued at $2,912,212. Company insiders own 1.80% of the company’s stock.

Camden Property Trust Stock Down 0.7 %

Shares of NYSE CPT opened at $119.16 on Friday. Camden Property Trust has a one year low of $94.75 and a one year high of $127.69. The business’s fifty day moving average price is $117.61 and its 200-day moving average price is $119.27. The stock has a market capitalization of $12.72 billion, a PE ratio of 79.44, a P/E/G 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 for the quarter, beating 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%. On average, equities research analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.52%. 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. Camden Property Trust’s dividend payout ratio (DPR) is 280.00%.

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.