Camden Property Trust (NYSE:CPT) Shares Sold by Watts Gwilliam & Co. LLC

Watts Gwilliam & Co. LLC lowered its stake in shares of Camden Property Trust (NYSE:CPT) by 18.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,609 shares of the real estate investment trust’s stock after selling 1,010 shares during the period. Watts Gwilliam & Co. LLC’s holdings in Camden Property Trust were worth $508,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. acquired a new stake in shares of Camden Property Trust during the 2nd quarter worth about $33,000. Neo Ivy Capital Management acquired a new position in shares of Camden Property Trust in the third quarter valued at approximately $38,000. American Capital Advisory LLC lifted its stake in shares of Camden Property Trust by 42.7% during the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 128 shares during the period. Sentry Investment Management LLC acquired a new stake in Camden Property Trust during the third quarter worth approximately $62,000. Finally, Versant Capital Management Inc grew its stake in Camden Property Trust by 77.7% in the 4th quarter. Versant Capital Management Inc now owns 716 shares of the real estate investment trust’s stock worth $83,000 after acquiring an additional 313 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Insiders Place Their Bets

In other news, Director Heather J. Brunner sold 264 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 $29,055.84. Following the sale, the director now owns 10,273 shares in the company, valued at $1,130,646.38. This trade represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Alexander J. Jessett sold 13,067 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 transaction of $1,496,171.50. Following the completion of the transaction, the chief financial officer now owns 124,246 shares of the company’s stock, valued at $14,226,167. This trade represents a 9.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,413 shares of company stock worth $2,895,718 in the last 90 days. 1.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

CPT has been the topic of a number of recent analyst reports. StockNews.com lowered Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Royal Bank of Canada reduced their target price on Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating on the stock in a research report on Monday, November 4th. JPMorgan Chase & Co. cut Camden Property Trust from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $129.00 to $128.00 in a report on Tuesday, December 17th. Scotiabank cut their price objective on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Finally, Mizuho lowered their target price 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. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Camden Property Trust currently has a consensus rating of “Hold” and a consensus target price of $126.75.

Camden Property Trust Trading Up 0.7 %

NYSE:CPT opened at $111.05 on Friday. The business’s 50-day moving average is $119.10 and its two-hundred day moving average is $118.47. The firm has a market capitalization of $11.85 billion, a PE ratio of 35.14, a price-to-earnings-growth ratio of 4.40 and a beta of 0.94. Camden Property Trust has a 12 month low of $90.50 and a 12 month high of $127.69. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Wednesday, December 18th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend is Wednesday, December 18th. Camden Property Trust’s dividend payout ratio (DPR) is presently 130.38%.

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.