Prudential Financial Inc. Has $6.76 Million Stock Holdings in Camden Property Trust (NYSE:CPT)

Prudential Financial Inc. decreased its holdings in shares of Camden Property Trust (NYSE:CPT) by 37.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,284 shares of the real estate investment trust’s stock after selling 35,085 shares during the quarter. Prudential Financial Inc. owned 0.05% of Camden Property Trust worth $6,763,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. UMB Bank n.a. grew its stake in Camden Property Trust by 76.6% during the 4th 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 in the last quarter. First American Bank boosted its holdings in shares of Camden Property Trust by 1.0% during the fourth quarter. First American Bank now owns 10,846 shares of the real estate investment trust’s stock worth $1,259,000 after purchasing an additional 104 shares during the period. Fisher Asset Management LLC grew its position in 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 purchasing an additional 105 shares in the last quarter. Doliver Advisors LP increased its stake in 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 period. Finally, Quent Capital LLC increased 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 buying an additional 114 shares during the period. 97.22% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Alexander J. Jessett sold 1,862 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 transaction of $204,931.72. Following the sale, the chief financial officer now directly owns 122,384 shares in the company, valued at approximately $13,469,583.04. The trade was a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Richard J. Campo sold 7,324 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $838,598.00. Following the completion of the transaction, the chief executive officer now directly owns 300,135 shares of the company’s stock, valued at approximately $34,365,457.50. This trade represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,548 shares of company stock valued at $2,912,212. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CPT shares. JPMorgan Chase & Co. cut shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $129.00 to $128.00 in a report on Tuesday, December 17th. Truist Financial lifted their price objective on Camden Property Trust from $122.00 to $129.00 and gave the company a “buy” rating in a research report on Monday, March 10th. Stifel Nicolaus upped their target price on Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. Scotiabank raised their price target on Camden Property Trust from $130.00 to $135.00 and gave the stock a “sector perform” rating in a research note on Friday, February 14th. Finally, Mizuho lowered their price target on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $127.76.

Camden Property Trust Price Performance

NYSE CPT opened at $122.17 on Monday. The stock has a 50-day simple moving average of $118.57 and a 200 day simple moving average of $119.20. Camden Property Trust has a twelve month low of $94.75 and a twelve month high of $127.69. The stock has a market capitalization of $13.04 billion, a PE ratio of 81.45, 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 quick ratio of 0.15 and a current ratio of 0.14.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. Research analysts anticipate that Camden Property Trust will post 6.76 EPS for the current 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 issued a dividend of $1.05 per share. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date is Monday, March 31st. This represents a $4.20 annualized dividend and a dividend yield of 3.44%. Camden Property Trust’s payout ratio is presently 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.