Camden Property Trust (NYSE:CPT) Shares Sold by Founders Capital Management

Founders Capital Management lowered its holdings in shares of Camden Property Trust (NYSE:CPT) by 42.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 550 shares of the real estate investment trust’s stock after selling 400 shares during the period. Founders Capital Management’s holdings in Camden Property Trust were worth $64,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Wellington Management Group LLP increased its holdings in shares of Camden Property Trust by 86.9% in the third quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock valued at $243,952,000 after purchasing an additional 918,078 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Camden Property Trust by 508.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 946,417 shares of the real estate investment trust’s stock valued at $116,911,000 after acquiring an additional 790,974 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of Camden Property Trust by 97.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust’s stock worth $158,028,000 after acquiring an additional 630,768 shares during the period. Duquesne Family Office LLC purchased a new position in Camden Property Trust during the second quarter worth about $63,056,000. Finally, Heitman Real Estate Securities LLC lifted its position in Camden Property Trust by 3,155.8% in the third quarter. Heitman Real Estate Securities LLC now owns 449,295 shares of the real estate investment trust’s stock valued at $55,501,000 after purchasing an additional 435,495 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Stock Performance

CPT stock traded up $1.63 during trading on Monday, hitting $110.79. 148,640 shares of the company’s stock traded hands, compared to its average volume of 814,059. The stock has a fifty day moving average price of $118.92 and a two-hundred day moving average price of $118.53. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. Camden Property Trust has a 52 week low of $90.50 and a 52 week high of $127.69. The stock has a market capitalization of $11.82 billion, a price-to-earnings ratio of 35.06, a price-to-earnings-growth ratio of 4.40 and a beta of 0.94.

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $4.12 dividend on an annualized basis and a yield of 3.72%. Camden Property Trust’s dividend payout ratio is currently 130.38%.

Analyst Ratings Changes

CPT has been the topic of a number of research reports. Scotiabank lowered their price target on 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. JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. Royal Bank of Canada lowered their target price on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a research note on Monday, November 4th. Mizuho dropped their price objective on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. Finally, Barclays started coverage on Camden Property Trust in a report on Tuesday, December 17th. They issued an “overweight” rating and a $138.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Camden Property Trust currently has a consensus rating of “Hold” and a consensus price target of $126.75.

Insider Activity

In related news, CEO Richard J. Campo sold 7,324 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $838,598.00. Following the completion of the sale, the chief executive officer now directly owns 300,135 shares in the company, valued at approximately $34,365,457.50. This trade represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Heather J. Brunner sold 1,853 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 value of $212,168.50. Following the completion of the transaction, the director now directly owns 10,537 shares in the company, valued at approximately $1,206,486.50. The trade was a 14.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,413 shares of company stock valued at $2,895,718. 1.80% of the stock is currently owned by 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.