Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 14.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,581 shares of the real estate investment trust's stock after buying an additional 2,165 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Camden Property Trust were worth $2,024,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its position in Camden Property Trust by 76.6% in the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 98 shares during the period. Verdence Capital Advisors LLC increased its holdings in shares of Camden Property Trust by 5.0% in the third quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust's stock valued at $294,000 after purchasing an additional 113 shares during the period. Doliver Advisors LP increased its holdings in shares of 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 purchasing an additional 113 shares during the period. American Capital Advisory LLC raised 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 worth $53,000 after purchasing an additional 128 shares during the last quarter. Finally, MML Investors Services LLC lifted its holdings in shares of Camden Property Trust by 1.6% during the third quarter. MML Investors Services LLC now owns 9,294 shares of the real estate investment trust's stock worth $1,148,000 after purchasing an additional 147 shares during the period. Hedge funds and other institutional investors own 97.22% of the company's stock.
CPT stock opened at $119.46 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. The company's 50 day simple moving average is $115.42 and its 200-day simple moving average is $119.03. Camden Property Trust has a 12 month low of $90.50 and a 12 month high of $127.69. The firm has a market capitalization of $12.74 billion, a PE ratio of 79.64, a P/E/G ratio of 4.27 and a beta of 0.94.
Camden Property Trust (NYSE:CPT - Get Free Report) last announced its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.32% and a net margin of 10.58%. Equities analysts expect that Camden Property Trust will post 6.8 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 3.52%. This is a positive change from Camden Property Trust's previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, March 31st. Camden Property Trust's dividend payout ratio is 274.67%.
In other Camden Property Trust news, CFO Alexander J. Jessett sold 13,067 shares of the firm'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 $1,496,171.50. Following the sale, the chief financial officer now directly owns 124,246 shares of the company's stock, valued at approximately $14,226,167. This trade represents a 9.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 have sold 25,413 shares of company stock valued at $2,895,718 in the last ninety days. Insiders own 1.80% of the company's stock.
A number of equities analysts have commented on the stock. Wells Fargo & Company cut their price objective on shares of Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating for the company in a research report on Friday, January 24th. StockNews.com downgraded shares of Camden Property Trust from a "hold" rating to a "sell" rating in a research report on Friday, November 1st. Mizuho lowered their price objective on Camden Property Trust from $129.00 to $125.00 and set an "outperform" rating on the stock in a report on Monday, January 6th. Stifel Nicolaus increased their target price on Camden Property Trust from $121.00 to $122.00 and gave the stock a "hold" rating in a research note on Friday. Finally, JPMorgan Chase & Co. downgraded Camden Property Trust from a "neutral" rating to an "underweight" rating and decreased their price target for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $126.03.
Read Our Latest Report on CPT
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.
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