Camden Property Trust (NYSE:CPT) Shares Sold by Sawyer & Company Inc

Sawyer & Company Inc trimmed its holdings in Camden Property Trust (NYSE:CPT) by 5.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 6,820 shares of the real estate investment trust’s stock after selling 407 shares during the period. Sawyer & Company Inc’s holdings in Camden Property Trust were worth $791,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Federated Hermes Inc. purchased a new stake in Camden Property Trust in the 2nd quarter valued at about $33,000. Neo Ivy Capital Management purchased a new stake in Camden Property Trust in the third quarter valued at approximately $38,000. American Capital Advisory LLC boosted its position in shares of Camden Property Trust by 42.7% during the third 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 during the period. Sentry Investment Management LLC acquired a new stake in shares of Camden Property Trust in the third quarter valued at $62,000. Finally, Versant Capital Management Inc boosted its holdings in Camden Property Trust by 77.7% during 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 during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Stock Down 0.7 %

CPT opened at $111.78 on Thursday. Camden Property Trust has a 52 week low of $90.50 and a 52 week high of $127.69. The business has a 50 day moving average price of $118.61 and a two-hundred day moving average price of $118.52. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. The company has a market cap of $11.92 billion, a PE ratio of 35.37, a P/E/G ratio of 4.39 and a beta of 0.92.

Camden Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Wednesday, December 18th will be given a $1.03 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $4.12 dividend on an annualized basis and a yield of 3.69%. Camden Property Trust’s dividend payout ratio (DPR) is 130.38%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Royal Bank of Canada dropped their price objective on shares of 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 started coverage on Camden Property Trust in a research report on Tuesday, December 17th. They set an “overweight” rating and a $138.00 price objective for the company. Scotiabank dropped their price objective on shares of 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. JPMorgan Chase & Co. cut 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. Finally, Stifel Nicolaus cut Camden Property Trust from a “buy” rating to a “hold” rating and boosted their target price for the stock from $120.00 to $121.00 in a research note on Wednesday, November 13th. Two analysts have 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, Camden Property Trust currently has a consensus rating of “Hold” and a consensus target price of $126.75.

Insiders Place Their Bets

In other Camden Property Trust news, CEO Richard J. Campo sold 7,324 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 300,135 shares in the company, valued at approximately $34,365,457.50. The trade was a 2.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Heather J. Brunner sold 1,853 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $114.50, for a total value 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 $1,206,486.50. This represents a 14.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,413 shares of company stock worth $2,895,718. 1.80% of the stock is owned by insiders.

About Camden Property Trust

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.