abrdn plc Has $31.95 Million Holdings in Camden Property Trust (NYSE:CPT)

abrdn plc decreased its stake in Camden Property Trust (NYSE:CPT) by 4.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 277,242 shares of the real estate investment trust’s stock after selling 12,427 shares during the quarter. abrdn plc owned approximately 0.26% of Camden Property Trust worth $31,952,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CPT. Wellington Management Group LLP boosted its stake in Camden Property Trust by 86.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock valued at $243,952,000 after buying an additional 918,078 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Camden Property Trust by 508.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 946,417 shares of the real estate investment trust’s stock valued at $116,911,000 after buying an additional 790,974 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Camden Property Trust by 97.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust’s stock valued at $158,028,000 after buying an additional 630,768 shares in the last quarter. Heitman Real Estate Securities LLC boosted its stake in Camden Property Trust by 3,155.8% in the 3rd quarter. Heitman Real Estate Securities LLC now owns 449,295 shares of the real estate investment trust’s stock valued at $55,501,000 after buying an additional 435,495 shares in the last quarter. Finally, FMR LLC boosted its stake in Camden Property Trust by 14.5% in the 3rd quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust’s stock valued at $407,324,000 after buying an additional 416,701 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Trading Up 1.8 %

NYSE CPT opened at $116.34 on Thursday. The stock has a 50-day simple moving average of $115.82 and a 200 day simple moving average of $118.86. The company has a market capitalization of $12.41 billion, a PE ratio of 36.82, a P/E/G ratio of 4.13 and a beta of 0.94. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. Camden Property Trust has a 12 month low of $90.50 and a 12 month high of $127.69.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Wednesday, December 18th were issued a $1.03 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $4.12 dividend on an annualized basis and a yield of 3.54%. Camden Property Trust’s dividend payout ratio is presently 130.38%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CPT shares. JPMorgan Chase & Co. lowered Camden Property Trust from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $129.00 to $128.00 in a research note on Tuesday, December 17th. Royal Bank of Canada reissued a “sector perform” rating and issued a $121.00 price objective on shares of Camden Property Trust in a research note on Wednesday, January 22nd. Barclays reduced their price objective on Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. StockNews.com lowered Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Finally, Stifel Nicolaus lowered Camden Property Trust from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $120.00 to $121.00 in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Camden Property Trust currently has an average rating of “Hold” and an average price target of $125.36.

Insider Activity at Camden Property Trust

In other Camden Property Trust news, CFO Alexander J. Jessett sold 13,067 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $1,496,171.50. Following the completion of the transaction, the chief financial officer now directly owns 124,246 shares of the company’s stock, valued at approximately $14,226,167. The trade was a 9.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Heather J. Brunner sold 1,853 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $212,168.50. Following the completion of the transaction, the director now directly owns 10,537 shares of the company’s stock, valued at approximately $1,206,486.50. The trade was a 14.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,413 shares of company stock worth $2,895,718. 1.90% of the stock is owned by insiders.

Camden Property Trust Company 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.