Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Raises Stake in Camden Property Trust (NYSE:CPT)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Camden Property Trust (NYSE:CPT – Get Rating) by 10.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,229 shares of the real estate investment trust’s stock after purchasing an additional 10,956 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned 0.11% of Camden Property Trust worth $13,884,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. lifted its position in shares of Camden Property Trust by 9.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 2,365 shares of the real estate investment trust’s stock valued at $393,000 after acquiring an additional 207 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in Camden Property Trust during the first quarter worth $961,000. Natixis Advisors L.P. boosted its position in Camden Property Trust by 14.3% during the first quarter. Natixis Advisors L.P. now owns 11,555 shares of the real estate investment trust’s stock worth $1,920,000 after purchasing an additional 1,450 shares in the last quarter. Prudential PLC acquired a new stake in Camden Property Trust in the first quarter valued at $421,000. Finally, Cetera Investment Advisers increased its position in shares of Camden Property Trust by 17.2% in the first quarter. Cetera Investment Advisers now owns 1,680 shares of the real estate investment trust’s stock valued at $279,000 after buying an additional 246 shares in the last quarter. Institutional investors and hedge funds own 93.25% of the company’s stock.

Insider Buying and Selling at Camden Property Trust

In related news, CAO Michael P. Gallagher sold 1,332 shares of the stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $112.57, for a total value of $149,943.24. Following the transaction, the chief accounting officer now directly owns 28,110 shares of the company’s stock, valued at approximately $3,164,342.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Camden Property Trust news, EVP William W. Sengelmann sold 10,292 shares of Camden Property Trust stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $112.57, for a total transaction of $1,158,570.44. Following the transaction, the executive vice president now directly owns 68,667 shares of the company’s stock, valued at $7,729,844.19. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Michael P. Gallagher sold 1,332 shares of the stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $112.57, for a total transaction of $149,943.24. Following the completion of the sale, the chief accounting officer now directly owns 28,110 shares of the company’s stock, valued at approximately $3,164,342.70. The disclosure for this sale can be found here. Insiders have sold a total of 12,902 shares of company stock worth $1,452,378 in the last quarter. 2.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on CPT. Piper Sandler decreased their price objective on shares of Camden Property Trust from $165.00 to $142.00 and set an “overweight” rating on the stock in a research report on Friday, October 7th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Camden Property Trust from $153.00 to $140.00 in a research report on Wednesday, January 4th. Barclays cut their price objective on Camden Property Trust from $169.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, November 10th. Mizuho upgraded Camden Property Trust from a “neutral” rating to a “buy” rating and increased their target price for the company from $119.00 to $125.00 in a report on Tuesday, January 10th. Finally, Truist Financial cut their price target on Camden Property Trust from $160.00 to $136.00 and set a “buy” rating for the company in a report on Tuesday, November 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $142.69.

Camden Property Trust Stock Down 0.3 %

Shares of NYSE:CPT opened at $117.95 on Monday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.72. The firm has a market cap of $12.56 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 2.95 and a beta of 0.75. The stock’s 50-day moving average price is $114.27 and its two-hundred day moving average price is $123.39. Camden Property Trust has a 12-month low of $107.90 and a 12-month high of $175.69.

Camden Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Friday, December 16th will be given a $0.94 dividend. The ex-dividend date is Thursday, December 15th. This represents a $3.76 annualized dividend and a dividend yield of 3.19%. Camden Property Trust’s dividend payout ratio is presently 49.54%.

Camden Property Trust Profile

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Camden Property Trust, an S&P 400 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 167 properties containing 56,850 apartment homes across the United States.