Envestnet Portfolio Solutions Inc. Lowers Stake in Camden Property Trust (NYSE:CPT)

Envestnet Portfolio Solutions Inc. lessened its holdings in Camden Property Trust (NYSE:CPT) by 4.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 9,649 shares of the real estate investment trust’s stock after selling 477 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Camden Property Trust were worth $1,120,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. grew its stake in shares of 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 buying an additional 98 shares during the last quarter. National Pension Service bought a new stake in Camden Property Trust in the fourth quarter worth $26,000. Quent Capital LLC grew its stake in shares of Camden Property Trust by 87.0% in the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 114 shares during the last quarter. IAG Wealth Partners LLC bought a new position in shares of Camden Property Trust during the fourth quarter valued at $29,000. Finally, Neo Ivy Capital Management bought a new position in Camden Property Trust in the 3rd quarter worth about $38,000. Institutional investors own 97.22% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on CPT. StockNews.com raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Tuesday, March 18th. Evercore ISI upped their price objective on Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. Barclays lifted their target price on Camden Property Trust from $126.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Wells Fargo & Company lowered their price target on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Finally, Jefferies Financial Group raised shares of Camden Property Trust from a “hold” rating to a “buy” rating and boosted their price objective for the company from $117.00 to $139.00 in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $127.19.

Insider Transactions at Camden Property Trust

In other Camden Property Trust news, Director Heather J. Brunner sold 1,853 shares of the business’s 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 sale, the director now owns 10,537 shares in the company, valued at $1,206,486.50. The trade was 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, CEO Richard J. Campo sold 7,324 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $838,598.00. Following the transaction, the chief executive officer now directly owns 300,135 shares of the company’s stock, valued at $34,365,457.50. This trade represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,548 shares of company stock valued at $2,912,212. 1.80% of the stock is currently owned by corporate insiders.

Camden Property Trust Stock Down 0.7 %

Shares of CPT stock opened at $119.16 on Friday. 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 has a one year low of $94.75 and a one year high of $127.69. The company’s fifty day moving average price is $117.61 and its 200-day moving average price is $119.27. The company has a market capitalization of $12.72 billion, a price-to-earnings ratio of 79.44, a PEG ratio of 4.41 and a beta of 0.94.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 EPS 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%. Sell-side analysts expect that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be given a dividend of $1.05 per share. The ex-dividend date is Monday, March 31st. This represents a $4.20 annualized dividend and a dividend yield of 3.52%. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s dividend payout ratio (DPR) is presently 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.