Camden Property Trust (NYSE:CPT) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. increased its stake in Camden Property Trust (NYSE:CPT) by 6.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,400,846 shares of the real estate investment trust’s stock after buying an additional 277,117 shares during the quarter. Camden Property Trust comprises about 0.5% of Victory Capital Management Inc.’s holdings, making the stock its 20th biggest position. Victory Capital Management Inc.’s holdings in Camden Property Trust were worth $510,674,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. UMB Bank n.a. lifted its holdings 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 valued at $26,000 after acquiring an additional 98 shares during the last quarter. First American Bank raised its holdings in Camden Property Trust by 1.0% during the 4th quarter. First American Bank now owns 10,846 shares of the real estate investment trust’s stock worth $1,259,000 after buying an additional 104 shares during the period. Fisher Asset Management LLC raised its holdings in Camden Property Trust by 2.5% during the 4th quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust’s stock worth $499,000 after buying an additional 105 shares during the period. Verdence Capital Advisors LLC raised its holdings in Camden Property Trust by 5.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust’s stock worth $294,000 after buying an additional 113 shares during the period. Finally, Doliver Advisors LP raised its holdings in Camden Property Trust by 6.7% during the 4th quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust’s stock worth $209,000 after buying an additional 113 shares during the period. 97.22% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CPT has been the topic of several recent analyst reports. Barclays boosted their price objective on Camden Property Trust from $126.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Royal Bank of Canada upped their target price on Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a report on Monday, February 10th. JPMorgan Chase & Co. downgraded Camden Property Trust from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $129.00 to $128.00 in a report on Tuesday, December 17th. Evercore ISI upped their target price on Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a report on Monday, February 10th. Finally, Scotiabank upped 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. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $126.53.

Insiders Place Their Bets

In other news, CEO Richard J. Campo sold 7,324 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 300,135 shares in the company, valued at approximately $34,365,457.50. This trade represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Heather J. Brunner sold 264 shares of the firm’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $29,055.84. Following the completion of the sale, the director now owns 10,273 shares of the company’s stock, valued at approximately $1,130,646.38. This trade represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,413 shares of company stock worth $2,895,718 over the last three months. 1.80% of the stock is currently owned by corporate insiders.

Camden Property Trust Stock Up 1.1 %

Shares of Camden Property Trust stock opened at $125.42 on Tuesday. The stock has a market capitalization of $13.39 billion, a P/E ratio of 83.61, a PEG ratio of 4.41 and a beta of 0.94. 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 50 day moving average price of $115.66 and a two-hundred day moving average price of $119.43. Camden Property Trust has a 12-month low of $92.99 and a 12-month high of $127.69.

Camden Property Trust (NYSE:CPT) last posted 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%. Equities analysts expect that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a $1.05 dividend. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a yield of 3.35%. The ex-dividend date is Monday, March 31st. Camden Property Trust’s dividend payout ratio (DPR) is 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.