Nisa Investment Advisors LLC increases its stake in Camden Property Trust (NYSE:CPT)

Nisa Investment Advisors LLC boosted its holdings in shares of Camden Property Trust (NYSE:CPT – Get Rating ) by 7.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,737 shares of the real estate investment trust’s stock after buying an additional 5,189 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.07% of Camden Property Trust worth $8,926,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CPT. Raymond James Financial Services Advisors Inc. raised its stake in shares of Camden Property Trust by 9.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 2,365 shares of the real estate investment trust’s stock valued at $393,000 after buying an additional 207 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Camden Property Trust in the first quarter valued at $961,000. Natixis Advisors LP increased its holdings in Camden Property Trust by 14.3% in the first quarter. Natixis Advisors LP now owns 11,555 shares of the real estate investment trust’s stock valued at $1,920,000 after buying an additional 1,450 shares during the last quarter. Prudential PLC purchased a new position in shares of Camden Property Trust in the first quarter valued at approximately $421,000. Finally, Cetera Investment Advisers boosted its holdings in Camden Property Trust by 17.2% in the first quarter. Cetera Investment Advisers now owns 1,680 shares of the real estate investment trust’s stock valued at $279,000 after acquiring an additional 246 shares during the period. Institutional investors own 93.25% of the company’s shares.

Camden Property Trust shares fell 1.5%

Shares of NYSE:CPT opened at $119.78 on Tuesday. The stock has a market cap of $12.76 billion, a P/E ratio of 15.78, a price-to-earnings-growth ratio of 3.05 and a beta of 0.74. The stock’s 50-day moving average is $115.23 and its 200-day moving average is $122.14. The company has a current ratio of 0.24, a quick ratio of 0.24, and a debt-to-equity ratio of 0.72. Camden Property Trust has a 12-month low of $107.90 and a 12-month high of $175.69.

Camden Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 17th. Investors of record on Friday, December 16th were given a dividend of $0.94 per share. The ex-dividend date was Thursday, December 15th. This represents a $3.76 annual dividend and a yield of 3.14%. Camden Property Trust’s payout ratio is 49.54%.

Analysts set new price targets

A number of research firms recently commented on CPT. Goldman Sachs Group cut their target price on shares of Camden Property Trust from $158.00 to $128.00 and set a “neutral” rating for the company in a research report on Tuesday, October 18th. Piper Sandler dropped their target price on shares of Camden Property Trust from $165.00 to $142.00 and set an “overweight” rating on the stock in a research note on Friday, October 7th. TheStreet cut shares of Camden Property Trust from a “b” rating to a “c+” rating in a research note on Monday, November 28th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Camden Property Trust from $153.00 to $140.00 in a research report on Wednesday, January 4th. Finally, Truist Financial decreased their price objective on shares of Camden Property Trust from $160.00 to $136.00 and set a “buy” rating for the company in a report on Tuesday, November 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Moderate Buy” and an average target price of $142.69, according to MarketBeat .

Insiders place their bets

In other news, CAO Michael P. Gallagher sold 1,332 shares of the stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $112.57, for a total transaction of $149,943.24. Following the completion of the sale, the chief accounting officer now owns 28,110 shares of the company’s stock, valued at $3,164,342.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC’s website. In related news, director Heather J. Brunner sold 1,278 shares of the business’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $112.57, for a total transaction of $143,864.46. Following the transaction, the director now owns 9,473 shares in the company, valued at approximately $1,066,375.61. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC’s website. Also, CAO Michael P. Gallagher sold 1,332 shares of the company’s stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $112.57, for a total value of $149,943.24. Following the transaction, the chief accounting officer now directly owns 28,110 shares of the company’s stock, valued at approximately $3,164,342.70. Disclosure of this sale can be found here. Insiders have sold 12,902 shares of company stock valued at $1,452,378 over the last ninety days. Company insiders own 2.00% of the company’s shares.

About Camden Property Trust

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Camden Property Trust operates as a real estate investment trust. The firm owns, manages, develops, repositions, redevelops, acquires and builds multi-family residential complexes. It focuses on investing in markets characterized by high growth economic conditions, strong employment and an attractive quality of life.

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