Camden Property Trust (NYSE:CPT) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its position in Camden Property Trust (NYSE:CPT) by 3.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 171,731 shares of the real estate investment trust’s stock after purchasing an additional 5,987 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Camden Property Trust were worth $19,928,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. UMB Bank n.a. increased its stake in shares of 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 purchasing an additional 98 shares in the last quarter. National Pension Service acquired a new stake in Camden Property Trust in the fourth quarter valued at approximately $26,000. Quent Capital LLC increased its position in shares of Camden Property Trust by 87.0% in the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 114 shares in the last quarter. IAG Wealth Partners LLC acquired a new position in shares of Camden Property Trust during the 4th quarter worth approximately $29,000. Finally, Neo Ivy Capital Management purchased a new position in shares of Camden Property Trust during the 3rd quarter valued at approximately $38,000. Institutional investors and hedge funds own 97.22% of the company’s stock.

Insiders Place Their Bets

In related news, Director Heather J. Brunner sold 264 shares of the 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. This trade represents a 2.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard J. Campo sold 1,043 shares of Camden Property Trust 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 $114,792.58. Following the completion of the sale, the chief executive officer now owns 299,092 shares of the company’s stock, valued at $32,918,065.52. This trade represents a 0.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,548 shares of company stock valued at $2,912,212 over the last 90 days. 1.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

CPT has been the subject of several recent analyst reports. StockNews.com raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Tuesday, March 18th. Barclays boosted their target price on shares of Camden Property Trust from $126.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Evercore ISI raised their price target on shares of Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. lowered 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 research note on Tuesday, December 17th. Finally, Scotiabank raised their target price on Camden Property Trust from $130.00 to $135.00 and gave the company a “sector perform” rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Camden Property Trust has an average rating of “Hold” and a consensus price target of $127.76.

Camden Property Trust Stock Performance

NYSE:CPT opened at $122.17 on Friday. The company’s 50-day moving average is $118.57 and its two-hundred day moving average is $119.22. Camden Property Trust has a 1-year low of $94.75 and a 1-year high of $127.69. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The firm has a market capitalization of $13.04 billion, a price-to-earnings ratio of 81.45, a PEG ratio of 4.41 and a beta of 0.94.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data 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 return on equity of 3.35% and a net margin of 10.58%. Analysts forecast that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a $1.05 dividend. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a yield of 3.44%. The ex-dividend date is Monday, March 31st. Camden Property Trust’s payout ratio 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.