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

Victory Capital Management Inc. lifted its stake in Camden Property Trust (NYSE:CPT) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,400,846 shares of the real estate investment trust’s stock after purchasing an additional 277,117 shares during the period. Camden Property Trust makes up 0.5% of Victory Capital Management Inc.’s investment portfolio, making the stock its 20th largest holding. Victory Capital Management Inc. owned 4.13% of Camden Property Trust worth $510,674,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CPT. Private Advisor Group LLC acquired a new stake in shares of Camden Property Trust in the third quarter valued at about $210,000. Wealth Enhancement Advisory Services LLC increased its holdings in Camden Property Trust by 5.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,000 shares of the real estate investment trust’s stock valued at $371,000 after acquiring an additional 155 shares in the last quarter. First Trust Direct Indexing L.P. purchased a new position in Camden Property Trust during the 3rd quarter valued at about $248,000. US Bancorp DE increased its holdings in Camden Property Trust by 19.9% during the 3rd quarter. US Bancorp DE now owns 8,370 shares of the real estate investment trust’s stock valued at $1,034,000 after acquiring an additional 1,387 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in Camden Property Trust by 10.6% during the 3rd quarter. Van ECK Associates Corp now owns 49,730 shares of the real estate investment trust’s stock valued at $5,999,000 after acquiring an additional 4,778 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CPT shares. JPMorgan Chase & Co. downgraded shares of 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. Scotiabank raised their target price on shares of Camden Property Trust from $130.00 to $135.00 and gave the company a “sector perform” rating in a report on Friday, February 14th. Evercore ISI raised their target price on shares of Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a report on Monday, February 10th. Mizuho lowered their price target on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Monday, January 6th. Finally, Stifel Nicolaus lifted their price target on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $126.53.

Insider Buying and Selling

In other Camden Property Trust news, CFO Alexander J. Jessett sold 13,067 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $1,496,171.50. Following the completion of the sale, the chief financial officer now owns 124,246 shares in the company, valued at $14,226,167. The trade was a 9.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard J. Campo sold 7,324 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $838,598.00. Following the transaction, the chief executive officer now owns 300,135 shares of the company’s stock, valued at $34,365,457.50. This represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,413 shares of company stock worth $2,895,718. Insiders own 1.80% of the company’s stock.

Camden Property Trust Stock Up 1.1 %

Shares of NYSE:CPT opened at $125.42 on Tuesday. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. The company has a fifty day simple moving average of $115.66 and a 200 day simple moving average of $119.43. The firm has a market cap of $13.39 billion, a PE ratio of 83.61, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. 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 issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. On average, equities research analysts anticipate that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.35%. 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 280.00%.

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.