SMART Wealth LLC Trims Stock Holdings in Camden Property Trust (NYSE:CPT)

SMART Wealth LLC lowered its stake in shares of Camden Property Trust (NYSE:CPT) by 9.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,062 shares of the real estate investment trust’s stock after selling 645 shares during the period. SMART Wealth LLC’s holdings in Camden Property Trust were worth $703,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. UMB Bank n.a. lifted its stake in 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 purchasing an additional 98 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Camden Property Trust in the third quarter worth $38,000. MassMutual Private Wealth & Trust FSB boosted its stake in Camden Property Trust by 117.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 206 shares during the period. American Capital Advisory LLC grew its position in Camden Property Trust by 42.7% during the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 128 shares in the last quarter. Finally, Sentry Investment Management LLC bought a new position in Camden Property Trust in the 3rd quarter worth about $62,000. 97.22% of the stock is owned by institutional investors.

Camden Property Trust Price Performance

Shares of Camden Property Trust stock opened at $117.82 on Friday. The company’s fifty day simple moving average is $115.64 and its two-hundred day simple moving average is $118.85. Camden Property Trust has a 12-month low of $90.50 and a 12-month high of $127.69. The firm has a market cap of $12.57 billion, a PE ratio of 37.29, a price-to-earnings-growth ratio of 4.13 and a beta of 0.94. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72.

Camden Property Trust (NYSE:CPT) last posted its 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 6.97% and a net margin of 22.32%. As a group, equities analysts expect that Camden Property Trust will post 6.75 EPS for the current year.

Camden Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Wednesday, December 18th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend was Wednesday, December 18th. Camden Property Trust’s dividend payout ratio (DPR) is currently 130.38%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CPT. StockNews.com downgraded Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Wells Fargo & Company dropped 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. Mizuho lowered their price objective on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $121.00 price objective on shares of Camden Property Trust in a report on Wednesday, January 22nd. Finally, Scotiabank reduced their target price on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $125.36.

Insider Buying and Selling at Camden Property Trust

In other news, CEO Richard J. Campo sold 7,324 shares of the firm’s stock in a transaction that occurred 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 owns 300,135 shares in the company, valued at $34,365,457.50. This trade represents a 2.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Alexander J. Jessett sold 1,862 shares of the stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $204,931.72. Following the completion of the transaction, the chief financial officer now owns 122,384 shares of the company’s stock, valued at approximately $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 ninety days, insiders have sold 25,413 shares of company stock valued at $2,895,718. 1.90% of the stock is currently owned by company 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.