Schroder Investment Management Group Buys 4,512 Shares of Camden Property Trust (NYSE:CPT)

Schroder Investment Management Group lifted its stake in shares of Camden Property Trust (NYSE:CPT) by 67.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,226 shares of the real estate investment trust’s stock after purchasing an additional 4,512 shares during the quarter. Schroder Investment Management Group’s holdings in Camden Property Trust were worth $1,288,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. SMART Wealth LLC bought a new stake in shares of Camden Property Trust during the third quarter worth $829,000. Nordea Investment Management AB grew its position in Camden Property Trust by 15.0% during the 4th quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust’s stock worth $11,339,000 after acquiring an additional 12,805 shares during the last quarter. Franklin Resources Inc. increased its holdings in Camden Property Trust by 3.2% in the 3rd quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust’s stock worth $23,174,000 after purchasing an additional 5,985 shares in the last quarter. Principal Financial Group Inc. raised its position in Camden Property Trust by 10.5% in the third quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust’s stock valued at $66,563,000 after purchasing an additional 51,097 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its stake in shares of Camden Property Trust by 7.7% during the fourth quarter. Atomi Financial Group Inc. now owns 2,335 shares of the real estate investment trust’s stock valued at $271,000 after purchasing an additional 166 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Camden Property Trust

In related news, CEO Richard J. Campo sold 1,043 shares of Camden Property Trust 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 $114,792.58. Following the transaction, the chief executive officer now owns 299,092 shares of the company’s stock, valued at $32,918,065.52. The trade was a 0.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Alexander J. Jessett sold 1,862 shares of the stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $204,931.72. Following the completion of the sale, the chief financial officer now directly owns 122,384 shares of the company’s stock, valued at $13,469,583.04. The trade was a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,304 shares of company stock worth $365,274. 1.80% of the stock is owned by corporate insiders.

Camden Property Trust Price Performance

CPT stock opened at $110.41 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The company’s 50-day moving average is $119.35 and its 200-day moving average is $119.01. The stock has a market capitalization of $12.01 billion, a PE ratio of 73.61, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. Camden Property Trust has a 1 year low of $94.75 and a 1 year high of $127.69.

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%. Equities research analysts expect that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s payout ratio is 280.00%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CPT. Barclays raised their price objective on shares of Camden Property Trust from $126.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Stifel Nicolaus lifted their price target on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a report on Friday, February 7th. Wells Fargo & Company decreased their price objective 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. Royal Bank of Canada lifted their target price on Camden Property Trust from $121.00 to $123.00 and gave the stock a “sector perform” rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. cut Camden Property Trust from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $127.76.

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.