Hummer Financial Advisory Services Inc Sells 200 Shares of Camden Property Trust (NYSE:CPT)

Hummer Financial Advisory Services Inc trimmed its position in shares of Camden Property Trust (NYSE:CPT) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,039 shares of the real estate investment trust’s stock after selling 200 shares during the period. Camden Property Trust accounts for approximately 0.7% of Hummer Financial Advisory Services Inc’s portfolio, making the stock its 27th largest holding. Hummer Financial Advisory Services Inc’s holdings in Camden Property Trust were worth $941,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Federated Hermes Inc. purchased a new stake in Camden Property Trust in the 2nd quarter worth about $33,000. Neo Ivy Capital Management bought a new stake in shares of Camden Property Trust in the third quarter valued at approximately $38,000. American Capital Advisory LLC boosted its holdings in Camden Property Trust by 42.7% in 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 during the period. Sentry Investment Management LLC bought a new position in Camden Property Trust in the 3rd quarter worth approximately $62,000. Finally, Versant Capital Management Inc grew its stake in 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 buying an additional 313 shares in the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CPT has been the topic of several recent research reports. Barclays started coverage on 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. Scotiabank cut their target price on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. Evercore ISI upped their price target on Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Stifel Nicolaus lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating and raised their price objective for the company from $120.00 to $121.00 in a research report on Wednesday, November 13th. Finally, Jefferies Financial Group assumed coverage on shares of Camden Property Trust in a research note on Friday, October 11th. They set a “hold” rating and a $123.00 price objective for the company. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Camden Property Trust presently has a consensus rating of “Hold” and a consensus target price of $126.75.

Camden Property Trust Price Performance

Shares of Camden Property Trust stock opened at $111.70 on Tuesday. The business’s 50-day moving average price is $118.83 and its 200-day moving average price is $118.55. The firm has a market capitalization of $11.92 billion, a PE ratio of 35.35, a price-to-earnings-growth ratio of 4.40 and a beta of 0.94. Camden Property Trust has a 12 month low of $90.50 and a 12 month high of $127.69. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72.

Camden Property Trust Announces Dividend

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

Insider Transactions at Camden Property Trust

In other Camden Property Trust news, CFO Alexander J. Jessett sold 13,067 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 value of $1,496,171.50. Following the completion of the sale, the chief financial officer now owns 124,246 shares in the company, valued at approximately $14,226,167. The trade was a 9.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Heather J. Brunner sold 264 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $29,055.84. Following the sale, the director now directly owns 10,273 shares of the company’s stock, valued at approximately $1,130,646.38. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,413 shares of company stock worth $2,895,718. 1.80% of the stock is currently owned by insiders.

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.