First Financial Bankshares Inc Lowers Position in Camden Property Trust (NYSE:CPT)

First Financial Bankshares Inc decreased its stake in Camden Property Trust (NYSE:CPT) by 32.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 163,164 shares of the real estate investment trust’s stock after selling 76,944 shares during the period. First Financial Bankshares Inc’s holdings in Camden Property Trust were worth $18,934,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CPT. Intech Investment Management LLC purchased a new stake in Camden Property Trust in the 4th quarter worth approximately $540,000. Generali Asset Management SPA SGR purchased a new stake in shares of Camden Property Trust in the fourth quarter worth $1,967,000. Cibc World Markets Corp raised its position in shares of Camden Property Trust by 12.3% during the 4th quarter. Cibc World Markets Corp now owns 47,907 shares of the real estate investment trust’s stock valued at $5,559,000 after purchasing an additional 5,244 shares during the period. Natixis Advisors LLC boosted its holdings in Camden Property Trust by 7.1% in the 4th quarter. Natixis Advisors LLC now owns 26,886 shares of the real estate investment trust’s stock worth $3,120,000 after buying an additional 1,775 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in Camden Property Trust by 6.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 7,350 shares of the real estate investment trust’s stock worth $853,000 after buying an additional 461 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

Insider Buying and Selling at Camden Property Trust

In other news, Director Heather J. Brunner sold 1,853 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $212,168.50. Following the completion of the sale, the director now owns 10,537 shares in the company, valued at approximately $1,206,486.50. The trade was a 14.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Alexander J. Jessett sold 13,067 shares of Camden Property Trust stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 124,246 shares in the company, valued at approximately $14,226,167. The trade was a 9.52 % decrease in their ownership of the stock. 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 in the last three months. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Jefferies Financial Group upgraded Camden Property Trust from a “hold” rating to a “buy” rating and boosted their price objective for the company from $117.00 to $139.00 in a research report on Monday, March 10th. JPMorgan Chase & Co. downgraded Camden Property Trust from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $129.00 to $128.00 in a research note on Tuesday, December 17th. Barclays lifted their price objective on shares of Camden Property Trust from $126.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Evercore ISI upped their target price on shares of Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. Finally, Royal Bank of Canada boosted their price target on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a “sector perform” rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $127.19.

Camden Property Trust Price Performance

CPT stock opened at $119.55 on Wednesday. The stock has a market cap of $12.76 billion, a PE ratio of 79.70, a P/E/G ratio of 4.41 and a beta of 0.94. Camden Property Trust has a 12 month low of $94.75 and a 12 month high of $127.69. The company has a 50-day moving average price of $117.06 and a 200 day moving average price of $119.35. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) 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 research analysts anticipate that Camden Property Trust will post 6.76 earnings per share 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 dividend of $1.05 per share. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date is Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a yield of 3.51%. Camden Property Trust’s dividend payout ratio (DPR) is presently 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.