Czech National Bank Has $2.68 Million Stock Position in Camden Property Trust (NYSE:CPT)

Czech National Bank increased its holdings in shares of Camden Property Trust (NYSE:CPT) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,131 shares of the real estate investment trust’s stock after buying an additional 1,409 shares during the quarter. Czech National Bank’s holdings in Camden Property Trust were worth $2,684,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Federated Hermes Inc. acquired a new stake in shares of Camden Property Trust in the second quarter valued at approximately $33,000. Neo Ivy Capital Management acquired a new stake in Camden Property Trust in the 3rd quarter valued at $38,000. American Capital Advisory LLC lifted its position in Camden Property Trust by 42.7% during the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 128 shares in the last quarter. Sentry Investment Management LLC acquired a new position in shares of Camden Property Trust during the 3rd quarter worth about $62,000. Finally, Versant Capital Management Inc grew its holdings in shares of Camden Property Trust by 77.7% in the 4th quarter. Versant Capital Management Inc now owns 716 shares of the real estate investment trust’s stock valued at $83,000 after acquiring an additional 313 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Stock Up 0.7 %

Camden Property Trust stock opened at $112.61 on Friday. Camden Property Trust has a twelve month low of $90.50 and a twelve month high of $127.69. The stock has a market cap of $12.01 billion, a P/E ratio of 35.64, a P/E/G ratio of 3.95 and a beta of 0.94. The company’s 50-day moving average price is $118.49 and its two-hundred day moving average price is $118.48. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Wednesday, December 18th will be issued a dividend of $1.03 per share. The ex-dividend date is Wednesday, December 18th. This represents a $4.12 annualized dividend and a yield of 3.66%. Camden Property Trust’s payout ratio is currently 130.38%.

Insider Activity at Camden Property Trust

In other news, CEO Richard J. Campo sold 7,324 shares of Camden Property Trust stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $838,598.00. Following the completion of the sale, the chief executive officer now owns 300,135 shares of the company’s stock, valued at approximately $34,365,457.50. This trade represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Heather J. Brunner sold 1,853 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 10,537 shares of the company’s stock, valued at approximately $1,206,486.50. The trade was a 14.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,413 shares of company stock worth $2,895,718 in the last ninety days. 1.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CPT. Stifel Nicolaus lowered Camden Property Trust from a “buy” rating to a “hold” rating and upped their target price for the stock from $120.00 to $121.00 in a report on Wednesday, November 13th. Scotiabank lowered their price target on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Royal Bank of Canada cut their price objective on Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a report on Monday, November 4th. Barclays assumed coverage on shares of Camden Property Trust in a report on Tuesday, December 17th. They set an “overweight” rating and a $138.00 target price on the stock. Finally, JPMorgan Chase & Co. cut shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and cut their price target for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $126.75.

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.