Cooper Financial Group Raises Position in Camden Property Trust (NYSE:CPT)

Cooper Financial Group lifted its stake in shares of Camden Property Trust (NYSE:CPT) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,972 shares of the real estate investment trust’s stock after acquiring an additional 161 shares during the quarter. Cooper Financial Group’s holdings in Camden Property Trust were worth $693,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. SMART Wealth LLC purchased a new stake in Camden Property Trust during the 3rd quarter worth about $829,000. Nordea Investment Management AB grew its position in shares of Camden Property Trust by 15.0% during the fourth quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust’s stock worth $11,339,000 after buying an additional 12,805 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in shares of Camden Property Trust during the third quarter worth approximately $1,660,000. Franklin Resources Inc. raised its holdings in Camden Property Trust by 3.2% in the third quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust’s stock valued at $23,174,000 after acquiring an additional 5,985 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Camden Property Trust by 10.5% in the third quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust’s stock worth $66,563,000 after acquiring an additional 51,097 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Trading Up 2.3 %

Shares of CPT stock opened at $111.70 on Tuesday. The company has a market capitalization of $11.92 billion, a P/E ratio of 35.35, a price-to-earnings-growth ratio of 4.40 and a beta of 0.94. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. The business’s 50 day moving average is $118.92 and its two-hundred day moving average is $118.53. Camden Property Trust has a twelve month low of $90.50 and a twelve month high of $127.69.

Camden Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $4.12 annualized dividend and a yield of 3.69%. Camden Property Trust’s dividend payout ratio is currently 130.38%.

Insiders Place Their Bets

In other Camden Property Trust news, CEO Richard J. Campo sold 7,324 shares of the business’s 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 $838,598.00. Following the transaction, the chief executive officer now owns 300,135 shares in the company, valued at approximately $34,365,457.50. The trade was a 2.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Heather J. Brunner sold 1,853 shares of Camden Property Trust 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 $212,168.50. Following the completion of the sale, the director now owns 10,537 shares in the company, valued at approximately $1,206,486.50. This trade represents a 14.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,413 shares of company stock worth $2,895,718. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. StockNews.com cut shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Royal Bank of Canada decreased their price target on Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a report on Monday, November 4th. JPMorgan Chase & Co. downgraded Camden Property Trust from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $129.00 to $128.00 in a report on Tuesday, December 17th. Stifel Nicolaus cut Camden Property Trust from a “buy” rating to a “hold” rating and boosted their target price for the stock from $120.00 to $121.00 in a research note on Wednesday, November 13th. Finally, Mizuho cut their price objective on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $126.75.

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 58,250 apartment homes across the United States.