Sumitomo Mitsui DS Asset Management Company Ltd Buys 3,976 Shares of Camden Property Trust (NYSE:CPT)

Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Camden Property Trust (NYSE:CPT) by 13.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,383 shares of the real estate investment trust’s stock after buying an additional 3,976 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Camden Property Trust were worth $3,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of CPT. SMART Wealth LLC bought a new position in Camden Property Trust in the third quarter valued at about $829,000. Nordea Investment Management AB increased its position in shares of 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 valued at $11,339,000 after purchasing an additional 12,805 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in shares of Camden Property Trust during the 3rd quarter valued at about $1,660,000. Franklin Resources Inc. lifted its stake in shares of 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 during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of 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 worth $66,563,000 after buying an additional 51,097 shares during the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Camden Property Trust

In other Camden Property Trust news, Director Heather J. Brunner sold 1,853 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $212,168.50. Following the completion of the transaction, the director now owns 10,537 shares in the company, valued at $1,206,486.50. This trade represents a 14.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Alexander J. Jessett sold 13,067 shares of Camden Property Trust stock in a transaction on 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 completion of the transaction, the chief financial officer now directly owns 124,246 shares of the company’s stock, valued at $14,226,167. The trade was a 9.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,413 shares of company stock valued at $2,895,718. 1.80% of the stock is owned by corporate insiders.

Camden Property Trust Stock Performance

Shares of NYSE CPT opened at $119.33 on Monday. The company has a market cap of $12.73 billion, a P/E ratio of 79.55, a P/E/G ratio of 4.27 and a beta of 0.94. Camden Property Trust has a 52-week low of $90.50 and a 52-week high of $127.69. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. The firm’s fifty day moving average is $115.51 and its two-hundred day moving average is $118.97.

Camden Property Trust (NYSE:CPT) last issued 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 3.32% and a net margin of 10.58%. As a group, analysts anticipate that Camden Property Trust will post 6.8 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be given a dividend of $1.05 per share. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Monday, March 31st. Camden Property Trust’s dividend payout ratio is currently 274.67%.

Analysts Set New Price Targets

Several research analysts have weighed in on CPT shares. Stifel Nicolaus increased their price target on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a research report on Friday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $121.00 target price on shares of Camden Property Trust in a report on Wednesday, January 22nd. Wells Fargo & Company lowered their target price on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. JPMorgan Chase & Co. cut Camden Property Trust from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $129.00 to $128.00 in a research report on Tuesday, December 17th. Finally, Scotiabank lowered their price objective on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $125.42.

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.