Cetera Trust Company N.A Sells 100 Shares of Camden Property Trust (NYSE:CPT)

Cetera Trust Company N.A cut its holdings in shares of Camden Property Trust (NYSE:CPT) by 4.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,025 shares of the real estate investment trust’s stock after selling 100 shares during the quarter. Cetera Trust Company N.A’s holdings in Camden Property Trust were worth $235,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CPT. UMB Bank n.a. lifted its position in shares of Camden Property Trust by 76.6% during the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 98 shares during the period. Verdence Capital Advisors LLC lifted its holdings in shares of Camden Property Trust by 5.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust’s stock worth $294,000 after acquiring an additional 113 shares during the period. Doliver Advisors LP boosted its position in shares of Camden Property Trust by 6.7% during the 4th quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust’s stock worth $209,000 after acquiring an additional 113 shares in the last quarter. American Capital Advisory LLC increased its stake in Camden Property Trust by 42.7% in the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 128 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in Camden Property Trust by 0.5% during the second quarter. ProShare Advisors LLC now owns 31,349 shares of the real estate investment trust’s stock valued at $3,420,000 after purchasing an additional 146 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Stock Performance

Camden Property Trust stock opened at $111.18 on Wednesday. Camden Property Trust has a twelve month low of $90.50 and a twelve month high of $127.69. The company has a market capitalization of $11.86 billion, a P/E ratio of 35.20, a PEG ratio of 4.09 and a beta of 0.94. The stock’s 50 day moving average is $117.96 and its 200 day moving average is $118.72. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72.

Camden Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date was Wednesday, December 18th. Camden Property Trust’s payout ratio is 130.38%.

Insider Activity at Camden Property Trust

In related news, Director Heather J. Brunner sold 1,853 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $212,168.50. Following the completion of the transaction, the director now directly owns 10,537 shares of the company’s stock, valued at approximately $1,206,486.50. This trade represents a 14.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Alexander J. Jessett sold 13,067 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $1,496,171.50. Following the transaction, the chief financial officer now owns 124,246 shares of the company’s stock, valued at approximately $14,226,167. The trade was a 9.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,413 shares of company stock valued at $2,895,718 over the last ninety days. Insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

CPT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut Camden Property Trust from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $129.00 to $128.00 in a report on Tuesday, December 17th. Mizuho cut their price target on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Barclays initiated coverage on shares of Camden Property Trust in a research report on Tuesday, December 17th. They set an “overweight” rating and a $138.00 target price on the stock. Royal Bank of Canada cut their target price on Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating on the stock in a report on Monday, November 4th. Finally, Stifel Nicolaus cut Camden Property Trust from a “buy” rating to a “hold” rating and upped their target price for the company from $120.00 to $121.00 in a report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $126.75.

Camden Property Trust 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.