Chilton Capital Management LLC Lowers Stock Holdings in Camden Property Trust (NYSE:CPT)

Chilton Capital Management LLC reduced its stake in Camden Property Trust (NYSE:CPT) by 3.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 158,071 shares of the real estate investment trust’s stock after selling 6,335 shares during the quarter. Chilton Capital Management LLC’s holdings in Camden Property Trust were worth $19,480,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in shares of Camden Property Trust by 33.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 531 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 132 shares during the last quarter. Inceptionr LLC acquired a new stake in shares of Camden Property Trust in the 4th quarter valued at approximately $621,000. Northern Trust Corp lifted its holdings in shares of Camden Property Trust by 33.7% in the 4th quarter. Northern Trust Corp now owns 1,420,076 shares of the real estate investment trust’s stock valued at $164,786,000 after buying an additional 357,718 shares during the period. Natixis lifted its holdings in shares of Camden Property Trust by 741.3% in the 4th quarter. Natixis now owns 18,063 shares of the real estate investment trust’s stock valued at $2,096,000 after buying an additional 15,916 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Camden Property Trust in the 4th quarter valued at approximately $13,263,000. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Stock Performance

Shares of CPT stock opened at $114.01 on Friday. The stock has a fifty day moving average price of $116.19 and a 200 day moving average price of $116.11. The stock has a market cap of $12.18 billion, a PE ratio of 104.60, a P/E/G ratio of 3.45 and a beta of 0.77. Camden Property Trust has a 1 year low of $102.35 and a 1 year high of $127.69. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.19 and a current ratio of 0.19.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.04. Camden Property Trust had a return on equity of 2.47% and a net margin of 7.62%. The company had revenue of $390.57 million during the quarter, compared to analysts’ expectations of $388.47 million. During the same period in the previous year, the firm posted $1.70 earnings per share. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. Sell-side analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be given a $1.05 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $4.20 annualized dividend and a dividend yield of 3.68%. Camden Property Trust’s dividend payout ratio is currently 385.32%.

Insider Buying and Selling at Camden Property Trust

In other news, Director Steven A. Webster sold 1,200 shares of the company’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $118.76, for a total value of $142,512.00. Following the sale, the director directly owned 117,374 shares in the company, valued at $13,939,336.24. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard J. Campo sold 5,572 shares of the company’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $119.50, for a total value of $665,854.00. Following the completion of the sale, the chief executive officer owned 289,720 shares in the company, valued at $34,621,540. This represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Mizuho reduced their price target on Camden Property Trust from $130.00 to $122.00 and set an “outperform” rating for the company in a report on Friday, May 23rd. Barclays raised their price target on Camden Property Trust from $127.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, May 9th. Scotiabank reduced their price target on Camden Property Trust from $144.00 to $136.00 and set a “sector perform” rating for the company in a report on Friday, June 13th. Jefferies Financial Group raised Camden Property Trust from a “hold” rating to a “buy” rating and raised their price target for the company from $117.00 to $139.00 in a report on Monday, March 10th. Finally, JPMorgan Chase & Co. raised their price target on Camden Property Trust from $127.00 to $129.00 and gave the company an “underweight” rating in a report on Tuesday, June 17th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $129.39.

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.