Sunesis Advisors LLC Increases Stock Holdings in Camden Property Trust (NYSE:CPT)

Sunesis Advisors LLC lifted its position in Camden Property Trust (NYSE:CPT) by 403.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,268 shares of the real estate investment trust’s stock after buying an additional 25,052 shares during the quarter. Camden Property Trust comprises approximately 1.9% of Sunesis Advisors LLC’s holdings, making the stock its 10th biggest position. Sunesis Advisors LLC’s holdings in Camden Property Trust were worth $3,105,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Chilton Capital Management LLC grew its holdings in Camden Property Trust by 6.3% during the fourth quarter. Chilton Capital Management LLC now owns 141,229 shares of the real estate investment trust’s stock worth $14,164,000 after purchasing an additional 8,420 shares during the period. Invera Wealth Advisors LLC acquired a new stake in shares of Camden Property Trust in the fourth quarter valued at approximately $548,000. Cooper Financial Group boosted its stake in shares of Camden Property Trust by 3.3% during the 4th quarter. Cooper Financial Group now owns 4,295 shares of the real estate investment trust’s stock worth $426,000 after acquiring an additional 139 shares during the period. SG Americas Securities LLC boosted its stake in shares of Camden Property Trust by 205.2% during the 4th quarter. SG Americas Securities LLC now owns 27,664 shares of the real estate investment trust’s stock worth $2,747,000 after acquiring an additional 18,599 shares during the period. Finally, Financial Management Professionals Inc. raised its stake in Camden Property Trust by 31.7% in the 4th quarter. Financial Management Professionals Inc. now owns 2,818 shares of the real estate investment trust’s stock valued at $280,000 after acquiring an additional 679 shares during the period. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP William W. Sengelmann sold 6,493 shares of the business’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $98.21, for a total transaction of $637,677.53. Following the sale, the executive vice president now directly owns 75,082 shares in the company, valued at $7,373,803.22. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP William W. Sengelmann sold 6,493 shares of the firm’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $98.21, for a total transaction of $637,677.53. Following the completion of the transaction, the executive vice president now directly owns 75,082 shares of the company’s stock, valued at approximately $7,373,803.22. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard J. Campo sold 38,336 shares of the company’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $98.22, for a total value of $3,765,361.92. Following the completion of the sale, the chief executive officer now owns 267,132 shares in the company, valued at approximately $26,237,705.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,957 shares of company stock valued at $5,495,920. 1.80% of the stock is currently owned by insiders.

Camden Property Trust Price Performance

Shares of Camden Property Trust stock traded up $1.24 during trading on Friday, reaching $98.40. 1,216,725 shares of the company’s stock were exchanged, compared to its average volume of 1,242,672. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.88 and a current ratio of 0.88. Camden Property Trust has a 1-year low of $82.81 and a 1-year high of $114.04. The company has a market cap of $10.53 billion, a P/E ratio of 26.59, a PEG ratio of 3.63 and a beta of 0.83. The firm’s 50-day moving average price is $96.36 and its 200 day moving average price is $95.21.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 EPS for the quarter, topping the consensus estimate of $1.72 by $0.31. The firm had revenue of $387.59 million during the quarter, compared to the consensus estimate of $387.33 million. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.74 earnings per share. As a group, research analysts anticipate that Camden Property Trust will post 6.75 earnings per share for the current year.

Camden Property Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th will be given a $1.03 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $4.12 dividend on an annualized basis and a yield of 4.19%. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.00. Camden Property Trust’s dividend payout ratio (DPR) is currently 111.35%.

Analysts Set New Price Targets

Several research firms have commented on CPT. Truist Financial reiterated a “buy” rating and issued a $113.00 price objective (down from $121.00) on shares of Camden Property Trust in a report on Wednesday, March 13th. Piper Sandler reissued an “underweight” rating and set a $90.00 price target on shares of Camden Property Trust in a report on Tuesday. StockNews.com lowered Camden Property Trust from a “hold” rating to a “sell” rating in a report on Tuesday, March 12th. Barclays cut shares of Camden Property Trust from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $138.00 to $100.00 in a research report on Tuesday, February 20th. Finally, The Goldman Sachs Group initiated coverage on shares of Camden Property Trust in a research report on Thursday, February 22nd. They set a “buy” rating and a $112.00 price target on the stock. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Camden Property Trust has a consensus rating of “Hold” and a consensus target price of $104.24.

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 58,634 apartment homes across the United States.