Victory Capital Management Inc. lifted its position in Camden Property Trust (NYSE:CPT) by 285.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,386 shares of the real estate investment trust’s stock after buying an additional 1,026 shares during the quarter. Victory Capital Management Inc.’s holdings in Camden Property Trust were worth $128,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of CPT. Penserra Capital Management LLC purchased a new position in shares of Camden Property Trust in the 3rd quarter worth approximately $110,000. Bbva Compass Bancshares Inc. purchased a new position in shares of Camden Property Trust in the 3rd quarter worth approximately $234,000. Creative Planning purchased a new position in shares of Camden Property Trust in the 4th quarter worth approximately $308,000. Timber Hill LLC purchased a new position in shares of Camden Property Trust in the 3rd quarter worth approximately $322,000. Finally, Toronto Dominion Bank grew its position in shares of Camden Property Trust by 263.7% in the 3rd quarter. Toronto Dominion Bank now owns 3,913 shares of the real estate investment trust’s stock worth $358,000 after buying an additional 2,837 shares during the last quarter. 89.03% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Camden Property Trust (NYSE:CPT) opened at $79.65 on Wednesday. The company has a market cap of $7,518.72, a P/E ratio of 37.93, a P/E/G ratio of 2.80 and a beta of 0.34. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.24 and a quick ratio of 2.24. Camden Property Trust has a 12 month low of $78.38 and a 12 month high of $96.39.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 17th. Shareholders of record on Friday, March 30th will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 3.87%. This is a boost from Camden Property Trust’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Wednesday, March 28th. Camden Property Trust’s payout ratio is presently 142.86%.
In other Camden Property Trust news, EVP William W. Sengelmann sold 4,478 shares of Camden Property Trust stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $88.42, for a total transaction of $395,944.76. Following the completion of the sale, the executive vice president now directly owns 66,567 shares in the company, valued at approximately $5,885,854.14. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kelvin R. Westbrook sold 425 shares of Camden Property Trust stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $88.42, for a total transaction of $37,578.50. Following the sale, the director now owns 20,477 shares of the company’s stock, valued at $1,810,576.34. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 125,918 shares of company stock valued at $11,599,316. Company insiders own 4.70% of the company’s stock.
A number of research analysts have recently issued reports on CPT shares. Sandler O’Neill set a $97.00 price objective on shares of Camden Property Trust and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $94.00 price objective on shares of Camden Property Trust in a research report on Monday, February 5th. BMO Capital Markets set a $94.00 price objective on shares of Camden Property Trust and gave the stock a “buy” rating in a research report on Monday, February 12th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $92.00 price objective on shares of Camden Property Trust in a research report on Monday, February 12th. Finally, TheStreet downgraded shares of Camden Property Trust from a “b” rating to a “c+” rating in a research report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $91.27.
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About Camden Property Trust
Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. As of December 31, 2016, the Company owned interests in, operated, or were developing 159 multifamily properties, which consisted of 55,366 apartment homes across the United States.
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