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Pensionfund DSM Netherlands grew its holdings in Camden Property Trust (NYSE:CPT – Get Rating) by 9.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,386 shares of the real estate investment trust’s stock after acquiring an additional 2,000 shares during the period. Camden Property Trust comprises approximately 1.6% of Pensionfund DSM Netherlands’ portfolio, making the stock its 25th largest position. Pensionfund DSM Netherlands’ holdings in Camden Property Trust were worth $2,347,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of CPT. Bessemer Group Inc. boosted its holdings in Camden Property Trust by 57.0% in the fourth quarter. Bessemer Group Inc. now owns 259 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 94 shares during the period. Phocas Financial Corp. purchased a new position in shares of Camden Property Trust in the 4th quarter valued at about $39,000. Resurgent Financial Advisors LLC acquired a new position in shares of Camden Property Trust during the fourth quarter worth about $45,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Camden Property Trust by 100.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 445 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 223 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in Camden Property Trust by 3,564.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 513 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 499 shares in the last quarter. Hedge funds and other institutional investors own 93.25% of the company’s stock.
Camden Property Trust Trading Up 0.3 %
CPT opened at $112.09 on Friday. The firm has a market cap of $11.97 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 5.94 and a beta of 0.79. Camden Property Trust has a 52 week low of $97.74 and a 52 week high of $147.71. The business’s 50 day moving average is $107.63 and its two-hundred day moving average is $111.62. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.75.
Camden Property Trust Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.57%. Camden Property Trust’s payout ratio is 71.17%.
Insiders Place Their Bets
In other Camden Property Trust news, CEO Richard J. Campo sold 5,337 shares of the business’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $110.35, for a total transaction of $588,937.95. Following the sale, the chief executive officer now directly owns 246,799 shares in the company, valued at $27,234,269.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.80% of the stock is owned by company insiders.
Analyst Ratings Changes
CPT has been the subject of several analyst reports. Barclays lowered their price target on shares of Camden Property Trust from $145.00 to $137.00 in a report on Wednesday, May 31st. 1-800-FLOWERS.COM restated a “maintains” rating on shares of Camden Property Trust in a research note on Friday, April 28th. Piper Sandler upped their price objective on Camden Property Trust from $117.00 to $124.00 in a research report on Monday, May 1st. StockNews.com began coverage on Camden Property Trust in a report on Thursday, May 18th. They issued a “sell” rating on the stock. Finally, Wolfe Research cut Camden Property Trust from an “outperform” rating to a “peer perform” rating in a research note on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $128.29.
Camden Property Trust Profile
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.
See Also
Want to see what other hedge funds are holding CPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Camden Property Trust (NYSE:CPT – Get Rating).
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