Camden Property Trust (NYSE:CPT) Shares Sold by Chilton Capital Management LLC

Chilton Capital Management LLC decreased its position in shares of Camden Property Trust (NYSE:CPT) by 3.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 158,071 shares of the real estate investment trust’s stock after selling 6,335 shares during the period. Chilton Capital Management LLC owned about 0.15% of Camden Property Trust worth $19,480,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. IAG Wealth Partners LLC acquired a new stake in Camden Property Trust in the 4th quarter valued at about $29,000. Bellwether Advisors LLC acquired a new stake in Camden Property Trust in the 4th quarter valued at about $31,000. Tsfg LLC acquired a new stake in Camden Property Trust in the 1st quarter valued at about $40,000. Catalyst Capital Advisors LLC acquired a new stake in Camden Property Trust in the 1st quarter valued at about $64,000. Finally, Smartleaf Asset Management LLC raised its position in Camden Property Trust by 33.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 531 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 132 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Insider Buying and Selling

In related news, Director Steven A. Webster sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $118.76, for a total transaction of $142,512.00. Following the transaction, the director owned 117,374 shares in the company, valued at $13,939,336.24. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Richard J. Campo sold 5,572 shares of the firm’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $119.50, for a total value of $665,854.00. Following the transaction, the chief executive officer owned 289,720 shares in the company, valued at $34,621,540. This represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CPT shares. Mizuho reduced their price target on Camden Property Trust from $130.00 to $122.00 and set an “outperform” rating on the stock in a research report on Friday, May 23rd. Barclays increased their price target on Camden Property Trust from $127.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, May 9th. Jefferies Financial Group raised Camden Property Trust from a “hold” rating to a “buy” rating and increased their price target for the company from $117.00 to $139.00 in a research report on Monday, March 10th. JPMorgan Chase & Co. increased their price target on Camden Property Trust from $127.00 to $129.00 and gave the company an “underweight” rating in a research report on Tuesday, June 17th. Finally, Citigroup upgraded Camden Property Trust from a “neutral” rating to a “buy” rating and increased their price objective for the company from $125.00 to $138.00 in a report on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Camden Property Trust has a consensus rating of “Hold” and an average target price of $129.39.

Camden Property Trust Trading Up 0.5%

NYSE:CPT opened at $114.01 on Friday. The stock’s 50 day moving average price is $116.19 and its 200 day moving average price is $116.11. The company has a market capitalization of $12.18 billion, a PE ratio of 104.60, a P/E/G ratio of 3.45 and a beta of 0.77. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.80. Camden Property Trust has a 52-week low of $102.35 and a 52-week high of $127.69.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.04. The firm had revenue of $390.57 million for the quarter, compared to the consensus estimate of $388.47 million. Camden Property Trust had a return on equity of 2.47% and a net margin of 7.62%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.70 EPS. On average, research analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be paid a dividend of $1.05 per share. The ex-dividend date is Monday, June 30th. This represents a $4.20 dividend on an annualized basis and a yield of 3.68%. Camden Property Trust’s dividend payout ratio is presently 385.32%.

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.