YHB Investment Advisors Inc. Reduces Stock Holdings in Camden Property Trust (NYSE:CPT)

YHB Investment Advisors Inc. decreased its holdings in shares of Camden Property Trust (NYSE:CPT) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,721 shares of the real estate investment trust’s stock after selling 190 shares during the period. YHB Investment Advisors Inc.’s holdings in Camden Property Trust were worth $432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. SMART Wealth LLC purchased a new stake in shares of Camden Property Trust during the third quarter worth about $829,000. Nordea Investment Management AB increased its holdings in shares of Camden Property Trust by 15.0% in the 4th quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust’s stock worth $11,339,000 after buying an additional 12,805 shares during the last quarter. QRG Capital Management Inc. bought a new stake in Camden Property Trust during the third quarter worth approximately $1,660,000. Franklin Resources Inc. increased its position in shares of Camden Property Trust by 3.2% during the 3rd quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust’s stock valued at $23,174,000 after purchasing an additional 5,985 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Camden Property Trust by 10.5% in the third quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust’s stock valued at $66,563,000 after acquiring an additional 51,097 shares during the period. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Performance

CPT opened at $112.53 on Wednesday. The firm has a fifty day moving average price of $117.03 and a 200 day moving average price of $118.83. The stock has a market cap of $12.00 billion, a P/E ratio of 35.61, a P/E/G ratio of 4.03 and a beta of 0.94. Camden Property Trust has a 1 year low of $90.50 and a 1 year high of $127.69. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15.

Camden Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Wednesday, December 18th were issued a $1.03 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $4.12 dividend on an annualized basis and a yield of 3.66%. Camden Property Trust’s payout ratio is 130.38%.

Insider Transactions at Camden Property Trust

In other news, CEO Richard J. Campo sold 1,043 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $114,792.58. Following the transaction, the chief executive officer now directly owns 299,092 shares in the company, valued at $32,918,065.52. The trade was a 0.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Heather J. Brunner sold 264 shares of the business’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $29,055.84. Following the transaction, the director now directly owns 10,273 shares in the company, valued at $1,130,646.38. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,413 shares of company stock valued at $2,895,718 in the last three months. 1.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CPT has been the topic of several recent analyst reports. Barclays decreased their price target on Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. JPMorgan Chase & Co. cut shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $129.00 to $128.00 in a research report on Tuesday, December 17th. Jefferies Financial Group began coverage on Camden Property Trust in a research report on Friday, October 11th. They set a “hold” rating and a $123.00 price objective on the stock. Mizuho lowered their target price on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $121.00 price target on shares of Camden Property Trust in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Camden Property Trust presently has a consensus rating of “Hold” and an average price target of $125.36.

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.