Proficio Capital Partners LLC Acquires Shares of 114,299 Camden Property Trust (NYSE:CPT)

Proficio Capital Partners LLC bought a new position in shares of Camden Property Trust (NYSE:CPT) in the 4th quarter, HoldingsChannel reports. The fund bought 114,299 shares of the real estate investment trust’s stock, valued at approximately $13,263,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP increased its holdings in Camden Property Trust by 86.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock worth $243,952,000 after purchasing an additional 918,078 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Camden Property Trust by 508.9% during the third 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 during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Camden Property Trust by 97.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust’s stock worth $158,028,000 after buying an additional 630,768 shares in the last quarter. Heitman Real Estate Securities LLC raised its position 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 during the last quarter. Finally, FMR LLC raised its position 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 during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on CPT. JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $129.00 to $128.00 in a report on Tuesday, December 17th. Evercore ISI boosted their price target on shares of Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Wells Fargo & Company decreased their price objective on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Scotiabank lifted their target price on shares of Camden Property Trust from $130.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Friday, February 14th. Finally, Stifel Nicolaus upped their target price on Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Camden Property Trust presently has an average rating of “Hold” and an average price target of $126.53.

Insiders Place Their Bets

In related news, Director Heather J. Brunner sold 264 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $29,055.84. Following the completion of the transaction, the director now owns 10,273 shares of the company’s stock, valued at approximately $1,130,646.38. The trade was a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Alexander J. Jessett sold 1,862 shares of the 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 completion of the sale, the chief financial officer now owns 122,384 shares in the company, valued at $13,469,583.04. This represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,413 shares of company stock worth $2,895,718 over the last 90 days. Corporate insiders own 1.90% of the company’s stock.

Camden Property Trust Trading Up 0.6 %

Shares of CPT opened at $123.97 on Friday. Camden Property Trust has a fifty-two week low of $92.99 and a fifty-two week high of $127.69. The business has a 50-day moving average of $115.66 and a 200 day moving average of $119.44. The firm has a market cap of $13.23 billion, a P/E ratio of 82.65, a price-to-earnings-growth 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 posted its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. As a group, research analysts forecast that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be issued a dividend of $1.05 per share. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a yield of 3.39%. Camden Property Trust’s payout ratio is presently 280.00%.

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.