Security National Bank Raises Stake in Camden Property Trust (NYSE:CPT)

Security National Bank grew its stake in Camden Property Trust (NYSE:CPT) by 1.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,434 shares of the real estate investment trust’s stock after acquiring an additional 154 shares during the quarter. Security National Bank’s holdings in Camden Property Trust were worth $1,031,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Federated Hermes Inc. increased its position in Camden Property Trust by 6.5% during the fourth quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust’s stock worth $170,000 after purchasing an additional 90 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Camden Property Trust by 0.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,117 shares of the real estate investment trust’s stock valued at $2,102,000 after purchasing an additional 98 shares during the last quarter. First American Bank boosted its holdings in Camden Property Trust by 1.0% in the 4th quarter. First American Bank now owns 10,846 shares of the real estate investment trust’s stock valued at $1,259,000 after purchasing an additional 104 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Camden Property Trust by 2.5% in the 4th quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust’s stock valued at $499,000 after purchasing an additional 105 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings 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 during the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Price Performance

Shares of CPT opened at $113.16 on Thursday. Camden Property Trust has a fifty-two week low of $102.35 and a fifty-two week high of $127.69. The firm’s 50 day moving average price is $116.10 and its 200 day moving average price is $116.44. The company has a market cap of $12.09 billion, a P/E ratio of 103.82, a PEG ratio of 3.49 and a beta of 0.78. 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 (NYSE:CPT) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.04. Camden Property Trust had a net margin of 7.62% and a return on equity of 2.47%. The firm had revenue of $390.57 million for the quarter, compared to the consensus estimate of $388.47 million. During the same period in the prior year, the firm earned $1.70 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, research analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Dividend Announcement

The firm also recently announced 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. This represents a $4.20 annualized dividend and a yield of 3.71%. The ex-dividend date is Monday, June 30th. Camden Property Trust’s payout ratio is currently 385.32%.

Insider Buying and Selling

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

Analysts Set New Price Targets

CPT has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 24th. Truist Financial set a $131.00 target price on shares of Camden Property Trust and gave the company a “buy” rating in a report on Monday, May 19th. Scotiabank decreased their target price on shares of Camden Property Trust from $144.00 to $136.00 and set a “sector perform” rating on the stock in a report on Friday, June 13th. JPMorgan Chase & Co. boosted their price target on shares of Camden Property Trust from $127.00 to $129.00 and gave the company an “underweight” rating in a research note on Tuesday, June 17th. Finally, Mizuho reduced their price target on shares of Camden Property Trust from $130.00 to $122.00 and set an “outperform” rating on the stock in a research note on Friday, May 23rd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $129.39.

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.