Los Angeles Capital Management LLC Lowers Stock Holdings in Camden Property Trust (NYSE:CPT)

Los Angeles Capital Management LLC lessened its stake in Camden Property Trust (NYSE:CPT) by 27.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 105,871 shares of the real estate investment trust’s stock after selling 39,158 shares during the period. Los Angeles Capital Management LLC’s holdings in Camden Property Trust were worth $12,285,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Creative Planning raised its position in Camden Property Trust by 5.3% during the 3rd quarter. Creative Planning now owns 9,012 shares of the real estate investment trust’s stock worth $1,113,000 after buying an additional 453 shares during the last quarter. Private Advisor Group LLC acquired a new position in shares of Camden Property Trust during the third quarter worth about $210,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Camden Property Trust by 70.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,416 shares of the real estate investment trust’s stock worth $1,907,000 after purchasing an additional 6,361 shares in the last quarter. Forsta AP Fonden lifted its position in Camden Property Trust by 5.6% in the third quarter. Forsta AP Fonden now owns 18,800 shares of the real estate investment trust’s stock valued at $2,322,000 after purchasing an additional 1,000 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Camden Property Trust by 5.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,000 shares of the real estate investment trust’s stock valued at $371,000 after purchasing an additional 155 shares during the period. 97.22% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Price Performance

Shares of NYSE:CPT opened at $121.10 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. The business’s fifty day moving average price is $115.27 and its two-hundred day moving average price is $119.38. The stock has a market cap of $12.93 billion, a PE ratio of 80.73, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. Camden Property Trust has a one year low of $92.45 and a one year 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 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. On average, analysts forecast that Camden Property Trust will post 6.76 EPS for the current fiscal 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 given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s payout ratio is currently 280.00%.

Insider Activity at Camden Property Trust

In other news, 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 value of $1,496,171.50. Following the completion of the sale, the chief financial officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard J. Campo sold 7,324 shares of the company’s stock in a transaction on Monday, January 6th. The shares were 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 of the company’s stock, valued at $34,365,457.50. The trade was a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,413 shares of company stock valued at $2,895,718. Company insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Mizuho cut their target price on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. Wells Fargo & Company cut their price objective on 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. Royal Bank of Canada boosted their target price on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a “sector perform” rating in a research report on Monday, February 10th. Stifel Nicolaus increased their price target on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a report on Friday, February 7th. Finally, Evercore ISI boosted their price objective 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. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Camden Property Trust presently has a consensus rating of “Hold” and a consensus target price of $126.53.

Camden Property Trust 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.