Camden Property Trust (NYSE:CPT) Shares Sold by Royal Bank of Canada

Royal Bank of Canada trimmed its holdings in Camden Property Trust (NYSE:CPT – Get Rating) by 8.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 85,257 shares of the real estate investment trust’s stock after selling 8,336 shares during the period. Royal Bank of Canada owned 0.08% of Camden Property Trust worth $10,183,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of CPT. Vanguard Group Inc. grew its holdings in shares of Camden Property Trust by 2.8% in the first quarter. Vanguard Group Inc. now owns 14,955,322 shares of the real estate investment trust’s stock valued at $2,485,575,000 after purchasing an additional 412,019 shares during the period. State Street Corp grew its holdings in shares of Camden Property Trust by 12.5% in the second quarter. State Street Corp now owns 6,825,189 shares of the real estate investment trust’s stock valued at $924,069,000 after purchasing an additional 758,674 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Camden Property Trust by 20.8% in the second quarter. JPMorgan Chase & Co. now owns 4,430,064 shares of the real estate investment trust’s stock valued at $595,754,000 after purchasing an additional 762,939 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Camden Property Trust by 1.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 2,131,129 shares of the real estate investment trust’s stock valued at $286,594,000 after purchasing an additional 40,037 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Camden Property Trust by 28.5% in the first quarter. Goldman Sachs Group Inc. now owns 2,069,866 shares of the real estate investment trust’s stock valued at $344,011,000 after purchasing an additional 459,442 shares during the period. 93.25% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Stock Down 2.3 %

Shares of NYSE:CPT opened at $110.79 on Friday. The firm’s 50 day moving average price is $117.55 and its 200 day moving average price is $118.49. The stock has a market cap of $11.82 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 3.32 and a beta of 0.79. Camden Property Trust has a fifty-two week low of $107.90 and a fifty-two week high of $175.69. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.73.

Camden Property Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Friday, March 31st will be issued a $1.00 dividend. This is a boost from Camden Property Trust’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $4.00 annualized dividend and a yield of 3.61%. Camden Property Trust’s dividend payout ratio (DPR) is 62.77%.

Insider Activity at Camden Property Trust

In related news, EVP William W. Sengelmann sold 10,292 shares of the firm’s stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $112.57, for a total value of $1,158,570.44. Following the sale, the executive vice president now 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 can be accessed through this hyperlink. In other Camden Property Trust news, CAO Michael P. Gallagher sold 1,332 shares of the firm’s 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 $149,943.24. Following the sale, the chief accounting officer now owns 28,110 shares of the company’s stock, valued at $3,164,342.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP William W. Sengelmann sold 10,292 shares of the firm’s stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $112.57, for a total transaction of $1,158,570.44. Following the sale, the executive vice president now directly owns 68,667 shares in the company, valued at approximately $7,729,844.19. The disclosure for this sale can be found here. Insiders have sold a total of 12,902 shares of company stock valued at $1,452,378 over the last 90 days. 2.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CPT shares. Piper Sandler lowered shares of Camden Property Trust from an “overweight” rating to a “neutral” rating and set a $136.00 price objective for the company. in a report on Thursday, February 2nd. TheStreet lowered shares of Camden Property Trust from a “b” rating to a “c+” rating in a research note on Monday, November 28th. UBS Group began coverage on shares of Camden Property Trust in a research note on Thursday, December 15th. They set a “buy” rating and a $137.00 target price for the company. Truist Financial lowered their target price on shares of Camden Property Trust from $160.00 to $136.00 and set a “buy” rating for the company in a research note on Tuesday, November 29th. Finally, Mizuho increased their target price on shares of Camden Property Trust from $131.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, February 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $139.62.

Camden Property Trust Company Profile

(Get Rating)

Camden Property Trust operates as a real estate investment trust. The firm engages in the ownership, management, development, reposition, redevelopment, acquisition, and construction of multifamily apartment communities. It focus on investing in markets characterized by high-growth economic conditions, strong employment, and attractive quality of life.