Terril Brothers Inc. Invests $205,000 in Camden Property Trust (NYSE:CPT)

Terril Brothers Inc. bought a new stake in shares of Camden Property Trust (NYSE:CPT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,765 shares of the real estate investment trust’s stock, valued at approximately $205,000.

Several other institutional investors and hedge funds also recently bought and sold shares of CPT. Creative Planning lifted its position in Camden Property Trust by 5.3% during the third quarter. Creative Planning now owns 9,012 shares of the real estate investment trust’s stock valued at $1,113,000 after purchasing an additional 453 shares in the last quarter. Private Advisor Group LLC purchased a new position in Camden Property Trust during the third quarter valued at $210,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Camden Property Trust by 70.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,416 shares of the real estate investment trust’s stock valued at $1,907,000 after purchasing an additional 6,361 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Camden Property Trust by 5.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,000 shares of the real estate investment trust’s stock valued at $371,000 after purchasing an additional 155 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its position in Camden Property Trust by 8.2% during the third quarter. New York State Teachers Retirement System now owns 98,846 shares of the real estate investment trust’s stock valued at $12,210,000 after purchasing an additional 7,517 shares in the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Trading Up 0.6 %

Shares of NYSE CPT opened at $123.97 on Friday. The business’s 50 day moving average is $115.48 and its two-hundred day moving average is $119.41. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. Camden Property Trust has a 1-year low of $92.99 and a 1-year high of $127.69. The stock has a market capitalization of $13.23 billion, a P/E ratio of 82.65, a PEG ratio of 4.41 and a beta of 0.94.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. As a group, research analysts expect that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.05 per share. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a yield of 3.39%. The ex-dividend date is Monday, March 31st. Camden Property Trust’s payout ratio is presently 280.00%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CPT shares. Barclays lifted their target price on Camden Property Trust from $126.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. StockNews.com raised Camden Property Trust from a “sell” rating to a “hold” rating in a report on Friday. Royal Bank of Canada raised their price target on Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a report on Monday, February 10th. Evercore ISI raised their price target on Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a report on Monday, February 10th. Finally, Mizuho decreased their price target on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Camden Property Trust has an average rating of “Hold” and an average target price of $126.53.

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, Director Heather J. Brunner sold 264 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 $29,055.84. Following the completion of the transaction, the director now owns 10,273 shares in the company, valued at $1,130,646.38. The trade was a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Alexander J. Jessett sold 13,067 shares of the business’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 $1,496,171.50. Following the transaction, the chief financial officer now owns 124,246 shares of the company’s stock, valued at $14,226,167. This trade represents a 9.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,413 shares of company stock worth $2,895,718 over the last 90 days. Company insiders own 1.90% of the company’s stock.

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.