Pacer Advisors Inc. Has $1.05 Million Stock Position in Camden Property Trust (NYSE:CPT)

Pacer Advisors Inc. boosted its holdings in shares of Camden Property Trust (NYSE:CPT) by 12.7% in the fourth quarter, HoldingsChannel reports. The fund owned 9,025 shares of the real estate investment trust’s stock after buying an additional 1,014 shares during the quarter. Pacer Advisors Inc.’s holdings in Camden Property Trust were worth $1,047,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. UMB Bank n.a. lifted its position in shares of Camden Property Trust by 76.6% in the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 98 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Camden Property Trust during the 3rd quarter valued at $38,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Camden Property Trust by 117.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 206 shares in the last quarter. American Capital Advisory LLC increased its stake in shares of Camden Property Trust by 42.7% in the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 128 shares during the last quarter. Finally, Sentry Investment Management LLC acquired a new position in shares of Camden Property Trust in the third quarter worth $62,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Performance

Shares of NYSE CPT opened at $113.67 on Monday. Camden Property Trust has a 12 month low of $90.50 and a 12 month high of $127.69. 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 $12.13 billion, a P/E ratio of 35.97, a P/E/G ratio of 4.01 and a beta of 0.94. The business’s 50 day moving average is $116.47 and its two-hundred day moving average is $118.86.

Camden Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Wednesday, December 18th were paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend was Wednesday, December 18th. Camden Property Trust’s payout ratio is currently 130.38%.

Insider Buying and Selling at Camden Property Trust

In other news, CFO Alexander J. Jessett sold 13,067 shares of Camden Property Trust 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 $1,496,171.50. Following the sale, the chief financial officer now owns 124,246 shares of the company’s stock, valued at approximately $14,226,167. This trade represents a 9.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Heather J. Brunner sold 264 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 10,273 shares of the company’s stock, valued at $1,130,646.38. The trade was a 2.51 % decrease in their ownership of the stock. 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 ninety days. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on CPT shares. Wells Fargo & Company lowered their target price on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Barclays dropped their price objective on Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $121.00 target price on shares of Camden Property Trust in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $129.00 to $128.00 in a research report on Tuesday, December 17th. Finally, Jefferies Financial Group started coverage on shares of Camden Property Trust in a report on Friday, October 11th. They set a “hold” rating and a $123.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Camden Property Trust presently has a consensus rating of “Hold” and a consensus price target of $125.36.

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.