Lockheed Martin Investment Management Co. Sells 9,100 Shares of Camden Property Trust (NYSE:CPT)


Lockheed Martin Investment Management cut its equity position in Camden Property Trust (NYSE:CPT – Get Rating) by 58.9% in the third quarter, according to its latest Form 13F filing with the Securities and Exchange Commission. After selling 9,100 shares during the term, it held 6,349 shares in the real estate investment trust. Lockheed Martin Investment Management’s holdings in Camden Property Trust were valued at $758,000 as of the most recent filing with the Securities and Exchange Commission.

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Other institutional investors have also recently changed positions in the company. Venture Visionary Partners LLC bought a new stake in Camden Property Trust for his $32,000 in the second quarter. Parkside Financial Bank & Trust increased its position in Camden Property Trust stock by 179.1% in the third quarter. Parkside Financial Bank & Trust now owns 254 shares of real estate investment trust stock valued at $30,000, after acquiring an additional 163 shares last quarter. Northwestern Mutual Wealth Management Co. increased its stock position in Camden Property Trust by 231.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 272 shares of the real estate investment trust worth $37,000 after acquiring an additional 190 shares last quarter. Total Clarity Wealth Management Inc. purchased a new stake in his $43,000 Camden Property Trust in the second quarter. Finally, Meeder Asset Management Inc. increased its position in Camden Property Trust shares by 24.4% in the second quarter. Meeder Asset Management Inc. now owns 499 real estate investment trust shares worth $67,000 after purchasing an additional 98 shares last quarter. Hedge funds and other institutional investors own 93.25% of the company’s shares.

Analyst upgrades and downgrades

CPT has been the topic of many recent analyst reports. UBS Group began covering Camden Property Trust in its investigative report on Thursday, December 15th. They issued a ‘buy’ rating and a price target of $137.00. Barclays lowered its price target for Camden Property Trust from $169.00 to $145.00 and gave the stock an ‘overweight’ rating in a research report on Thursday 10 November. Piper Sandler lowered Camden Property Trust’s price target from her $165.00 to her $142.00 and gave the stock an “overweight” rating in a research report on Friday, Oct. 7. Truist Financial lowered Camden Property Trust’s price target from $160.00 to $136.00 and gave the stock a ‘buy’ rating in a research report on Tuesday, November 29th. Finally, Mizuho upgraded Camden Property Trust from a ‘neutral’ rating to a ‘buy’ rating and raised its price target to $125.00 from $119.00 in his Tuesday, January 10 research report. One investment analyst evaluated the stock with a sell rating, two issued a hold rating, and nine assigned a buy rating to the company’s stock. According to MarketBeat data, Camden Property Trust’s current average rating is “moderate buy” with an average target price of $142.69.

insider trading

In related news, CAO Michael P. Gallagher sold 1,332 shares of the company in a transaction that took place on Wednesday, January 4th. The shares sold at an average price of $112.57, with a total transaction value of $149,943.24 for him. After the transaction, the Chief Accounting Officer now owns directly his 28,110 shares in the company, valued at approximately $3,164,342.70. The transaction was disclosed in SEC filings available at this hyperlink. In separate news, director Heather J. Brunner sold 1,278 shares of his trust in his Camden property in a transaction that took place Wednesday, January 4. The shares sold at an average price of $112.57, giving him a total of $143,864.46. After the sale, the directors now directly own 9,473 shares of the company, valued at approximately $1,066,375.61. The sale was disclosed in SEC filings available at this link. CAO Michael P. Gallagher also sold 1,332 shares of Camden Property Trust in a transaction that took place on Wednesday, January 4. The shares sold at an average price of $112.57, giving him a total of $149,943.24. Following the closing of the sale, the Chief Accounting Officer now owns his 28,110 shares of the company, valued at his $3,164,342.70. Please see here for the disclosure of this sale. The insider said that in the past 90 days he has sold 12,902 shares of company stock worth $1,452,378. 2.00% of the shares are owned by insiders.

Camden Property Trust Price Performance

CPT opened Friday at $114.54. The stock has a 50-day simple moving average of $114.68 and a 200-day simple moving average of $123.03. The company has a debt to equity ratio of 0.72, a current ratio of 0.24 and a quick ratio of 0.24. His one-year low at Camden Property Trust is $107.90 and his one-year high is $175.69. The company has a market capitalization of $12.2 billion, a price/earnings ratio of 15.09, a PEG ratio of 2.95 and a beta of 0.74.

Camden Property Trust Announces Dividend

The business recently announced a quarterly dividend, which was paid on Tuesday, January 17th. Investors of record on Friday, December 16 were awarded a dividend of $0.94 per share. The ex-dividend date for this dividend was December 15 (Thursday). This represents his $3.76 dividend and his 3.28% yield on an annualized basis. The Camden Property Trust Payout Percentage is 49.54%.

Camden Property Trust Company Profile

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Camden Property Trust, an S&P 400 company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition and construction of multi-family residential communities. Across the United States, Camden owns and operates 167 properties, including 56,850 multifamily homes.

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Want to know which other hedge funds hold CPT? Visit HoldingsChannel.com to get the latest Camden Property Trust (NYSE:CPT – Get Rating) 13F filings and insider trading.

Camden Property Trust (NYSE:CPT) Quarterly Institutional Ownership

This instant news alert was generated by Narrative Science Technology and MarketBeat financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Send any questions or comments about this story to contact@marketbeat.com.

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