Nisa Investment Advisors LLC Cuts Holdings in Camden Property Trust (NYSE:CPT)

Nisa Investment Advisors LLC cut its position in shares of Camden Property Trust (NYSE:CPT) by 5.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,079 shares of the real estate investment trust’s stock after selling 3,329 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Camden Property Trust were worth $7,154,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. SMART Wealth LLC acquired a new stake in Camden Property Trust during the 3rd quarter worth approximately $829,000. Nordea Investment Management AB increased its position in shares of Camden Property Trust by 15.0% in the fourth quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust’s stock worth $11,339,000 after acquiring an additional 12,805 shares in the last quarter. QRG Capital Management Inc. purchased a new position in shares of Camden Property Trust in the 3rd quarter valued at $1,660,000. Franklin Resources Inc. lifted its holdings in shares of Camden Property Trust by 3.2% during the 3rd quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust’s stock valued at $23,174,000 after acquiring an additional 5,985 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Camden Property Trust by 10.5% during the 3rd quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust’s stock worth $66,563,000 after purchasing an additional 51,097 shares during the period. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Stock Performance

Camden Property Trust stock opened at $110.62 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. Camden Property Trust has a 12 month low of $90.50 and a 12 month high of $127.69. The company has a fifty day moving average price of $117.32 and a two-hundred day moving average price of $118.63. The company has a market cap of $11.80 billion, a PE ratio of 35.01, a P/E/G ratio of 4.03 and a beta of 0.94.

Camden Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Wednesday, December 18th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend was Wednesday, December 18th. Camden Property Trust’s dividend payout ratio is presently 130.38%.

Analysts Set New Price Targets

A number of research analysts have commented on CPT shares. JPMorgan Chase & Co. cut Camden Property Trust from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $129.00 to $128.00 in a research note on Tuesday, December 17th. Jefferies Financial Group started coverage on Camden Property Trust in a research report on Friday, October 11th. They set a “hold” rating and a $123.00 price target on the stock. StockNews.com downgraded shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Stifel Nicolaus cut shares of Camden Property Trust from a “buy” rating to a “hold” rating and boosted their target price for the stock from $120.00 to $121.00 in a research report on Wednesday, November 13th. Finally, Scotiabank lowered their price target on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Camden Property Trust currently has an average rating of “Hold” and a consensus price target of $125.36.

Insider Buying and Selling

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

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.