Cetera Investment Advisers Sells 1,090 Shares of Camden Property Trust (NYSE:CPT)

Cetera Investment Advisers cut its holdings in shares of Camden Property Trust (NYSE:CPT) by 14.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,706 shares of the real estate investment trust’s stock after selling 1,090 shares during the period. Cetera Investment Advisers’ holdings in Camden Property Trust were worth $820,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Federated Hermes Inc. raised its stake in shares of Camden Property Trust by 6.5% in the 4th quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust’s stock valued at $170,000 after purchasing an additional 90 shares during the period. Country Club Bank increased its position in shares of Camden Property Trust by 0.4% in the first quarter. Country Club Bank now owns 26,200 shares of the real estate investment trust’s stock valued at $3,204,000 after acquiring an additional 92 shares during the last quarter. Amalgamated Bank increased its position in shares of Camden Property Trust by 0.5% in the first quarter. Amalgamated Bank now owns 20,558 shares of the real estate investment trust’s stock valued at $2,514,000 after acquiring an additional 93 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Camden Property Trust by 0.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,117 shares of the real estate investment trust’s stock valued at $2,102,000 after acquiring an additional 98 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Camden Property Trust by 8.5% in the first quarter. Signaturefd LLC now owns 1,333 shares of the real estate investment trust’s stock valued at $163,000 after acquiring an additional 104 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on CPT shares. Wall Street Zen raised Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. UBS Group reduced their price objective on Camden Property Trust from $126.00 to $114.00 and set a “neutral” rating for the company in a report on Tuesday, July 15th. JPMorgan Chase & Co. boosted their price objective on Camden Property Trust from $127.00 to $129.00 and gave the stock an “underweight” rating in a report on Tuesday, June 17th. Morgan Stanley reduced their price objective on Camden Property Trust from $130.00 to $124.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Evercore ISI reduced their price objective on Camden Property Trust from $117.00 to $114.00 and set an “in-line” rating for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $125.59.

Insiders Place Their Bets

In related news, Director Steven A. Webster sold 1,200 shares of the 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 completion of 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.80% of the stock is owned by insiders.

Camden Property Trust Stock Performance

NYSE CPT opened at $106.98 on Thursday. The company has a market capitalization of $11.43 billion, a price-to-earnings ratio of 74.81, a PEG ratio of 3.56 and a beta of 0.78. Camden Property Trust has a twelve month low of $102.35 and a twelve month high of $127.69. The stock has a fifty day simple moving average of $112.96 and a 200 day simple moving average of $115.66. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.82.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.01. The business had revenue of $396.51 million during the quarter, compared to the consensus estimate of $393.24 million. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%. Camden Property Trust’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.71 earnings per share. Sell-side analysts expect that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, June 30th were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Monday, June 30th. Camden Property Trust’s dividend payout ratio is presently 293.71%.

Camden Property Trust Company 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.