Natixis Advisors LLC Purchases 1,775 Shares of Camden Property Trust (NYSE:CPT)

Natixis Advisors LLC lifted its stake in shares of Camden Property Trust (NYSE:CPT) by 7.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,886 shares of the real estate investment trust’s stock after buying an additional 1,775 shares during the quarter. Natixis Advisors LLC’s holdings in Camden Property Trust were worth $3,120,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. UMB Bank n.a. grew its stake in Camden Property Trust by 76.6% in 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. National Pension Service bought a new position in shares of Camden Property Trust in the fourth quarter valued at approximately $26,000. Quent Capital LLC grew its stake in 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 valued at $28,000 after purchasing an additional 114 shares during the period. IAG Wealth Partners LLC bought a new position in Camden Property Trust during the fourth quarter valued at about $29,000. Finally, Neo Ivy Capital Management purchased a new stake in Camden Property Trust during the third quarter worth about $38,000. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Alexander J. Jessett sold 13,067 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 124,246 shares in the company, valued at approximately $14,226,167. This represents a 9.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Heather J. Brunner sold 264 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $29,055.84. Following the completion of the sale, the director now owns 10,273 shares of the company’s stock, valued at $1,130,646.38. The trade was a 2.51 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,548 shares of company stock worth $2,912,212. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CPT has been the subject of a number of research reports. Wells Fargo & Company reduced their target price on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Truist Financial increased their price objective on Camden Property Trust from $122.00 to $129.00 and gave the company a “buy” rating in a report on Monday, March 10th. Stifel Nicolaus boosted 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. StockNews.com upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, March 18th. Finally, JPMorgan Chase & Co. lowered Camden Property Trust from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $129.00 to $128.00 in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $127.19.

Camden Property Trust Trading Down 0.7 %

Shares of CPT stock opened at $119.16 on Friday. The company has a market capitalization of $12.72 billion, a PE ratio of 79.44, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. Camden Property Trust has a 52-week low of $94.75 and a 52-week high of $127.69. The business’s fifty day moving average is $117.61 and its 200 day moving average is $119.27. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14.

Camden Property Trust (NYSE:CPT) last released 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 fiscal year.

Camden Property Trust Increases Dividend

The business 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 positive change from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.52%. Camden Property Trust’s dividend payout ratio 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.