Camden Property Trust (NYSE:CPT) Shares Sold by Reinhart Partners LLC.

Reinhart Partners LLC. cut its stake in shares of Camden Property Trust (NYSE:CPT) by 16.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 91,286 shares of the real estate investment trust’s stock after selling 18,271 shares during the quarter. Reinhart Partners LLC. owned 0.09% of Camden Property Trust worth $10,593,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Czech National Bank lifted its holdings in shares of Camden Property Trust by 6.5% during the fourth quarter. Czech National Bank now owns 23,131 shares of the real estate investment trust’s stock worth $2,684,000 after purchasing an additional 1,409 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in Camden Property Trust by 5.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 3,691 shares of the real estate investment trust’s stock valued at $428,000 after acquiring an additional 198 shares during the period. Diversified Trust Co acquired a new stake in Camden Property Trust in the fourth quarter valued at $1,093,000. Doliver Advisors LP lifted its holdings in Camden Property Trust by 6.7% in the fourth quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust’s stock valued at $209,000 after acquiring an additional 113 shares during the period. Finally, Pensionfund Sabic lifted its holdings in Camden Property Trust by 15.6% in the fourth quarter. Pensionfund Sabic now owns 22,231 shares of the real estate investment trust’s stock valued at $2,580,000 after acquiring an additional 3,000 shares during the period. 97.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CPT has been the subject of a number of recent analyst reports. Scotiabank reduced their target price on 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. Jefferies Financial Group initiated coverage on Camden Property Trust in a report on Friday, October 11th. They issued a “hold” rating and a $123.00 target price for the company. Stifel Nicolaus downgraded Camden Property Trust from a “buy” rating to a “hold” rating and raised their target price for the company from $120.00 to $121.00 in a report on Wednesday, November 13th. Royal Bank of Canada reduced their target price on Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a report on Monday, November 4th. Finally, Mizuho reduced their target price on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Monday, January 6th. 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’s stock. Based on data from MarketBeat.com, Camden Property Trust currently has an average rating of “Hold” and a consensus target price of $126.75.

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, Director Heather J. Brunner sold 264 shares of Camden Property Trust stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $29,055.84. Following the completion of the sale, the director now owns 10,273 shares in the company, valued at $1,130,646.38. The trade was a 2.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard J. Campo sold 7,324 shares of Camden Property Trust stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $838,598.00. Following the completion of the sale, the chief executive officer now owns 300,135 shares of the company’s stock, valued at $34,365,457.50. This trade represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 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.

Camden Property Trust Price Performance

Camden Property Trust stock traded up $2.18 during midday trading on Monday, reaching $111.34. 198,490 shares of the company were exchanged, compared to its average volume of 820,312. The company has a market capitalization of $11.88 billion, a price-to-earnings ratio of 35.23, a P/E/G ratio of 4.40 and a beta of 0.94. The firm’s 50-day simple moving average is $118.92 and its 200-day simple moving average is $118.53. Camden Property Trust has a 1 year low of $90.50 and a 1 year high of $127.69. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15.

Camden Property Trust Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend is Wednesday, December 18th. Camden Property Trust’s dividend payout ratio 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.