B. Metzler seel. Sohn & Co. AG Sells 1,300 Shares of Camden Property Trust (NYSE:CPT)

B. Metzler seel. Sohn & Co. AG cut its position in Camden Property Trust (NYSE:CPT) by 20.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,092 shares of the real estate investment trust’s stock after selling 1,300 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Camden Property Trust were worth $591,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CPT. Norges Bank bought a new position in Camden Property Trust in the 4th quarter worth approximately $187,606,000. Wellington Management Group LLP boosted its holdings in shares of Camden Property Trust by 86.9% in the third quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock worth $243,952,000 after acquiring an additional 918,078 shares during the period. Victory Capital Management Inc. grew its position in shares of Camden Property Trust by 6.7% in the fourth quarter. Victory Capital Management Inc. now owns 4,400,846 shares of the real estate investment trust’s stock valued at $510,674,000 after purchasing an additional 277,117 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Camden Property Trust during the 4th quarter valued at $17,616,000. Finally, Cbre Investment Management Listed Real Assets LLC lifted its holdings in Camden Property Trust by 66.8% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 375,753 shares of the real estate investment trust’s stock worth $43,602,000 after purchasing an additional 150,491 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Insider Transactions at Camden Property Trust

In related news, CEO Richard J. Campo sold 7,324 shares of the company’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 transaction 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 represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Alexander J. Jessett sold 1,862 shares of Camden Property Trust stock in a transaction on Wednesday, January 8th. The shares were 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 approximately $13,469,583.04. This trade represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,548 shares of company stock worth $2,912,212. Company insiders own 1.80% of the company’s stock.

Camden Property Trust Price Performance

Shares of NYSE:CPT opened at $110.41 on Friday. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. The stock has a market cap of $12.01 billion, a PE ratio of 73.61, a PEG ratio of 4.41 and a beta of 0.94. The company’s fifty day moving average is $119.35 and its 200 day moving average is $119.08. Camden Property Trust has a 52 week low of $94.75 and a 52 week high of $127.69.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating 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%. Research analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Scotiabank lifted their target price on Camden Property Trust from $130.00 to $135.00 and gave the company a “sector perform” rating in a report on Friday, February 14th. Stifel Nicolaus boosted their price objective on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a research note on Friday, February 7th. StockNews.com upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, March 18th. Wells Fargo & Company reduced their price target 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. Finally, Citigroup upgraded Camden Property Trust from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $125.00 to $138.00 in a research report on Friday, March 28th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Camden Property Trust presently has a consensus rating of “Hold” and an average target price of $127.76.

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.