Spirit of America Management Corp NY Has $1.14 Million Stake in Camden Property Trust (NYSE:CPT)

Spirit of America Management Corp NY boosted its position in Camden Property Trust (NYSE:CPT) by 2.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,800 shares of the real estate investment trust’s stock after purchasing an additional 200 shares during the period. Spirit of America Management Corp NY’s holdings in Camden Property Trust were worth $1,137,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CPT. Wellington Management Group LLP lifted its holdings in Camden Property Trust by 86.9% in the third quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock valued at $243,952,000 after buying an additional 918,078 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Camden Property Trust by 508.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 946,417 shares of the real estate investment trust’s stock valued at $116,911,000 after purchasing an additional 790,974 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in shares of Camden Property Trust by 97.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust’s stock valued at $158,028,000 after purchasing an additional 630,768 shares during the period. Heitman Real Estate Securities LLC raised its holdings in shares of Camden Property Trust by 3,155.8% during the third quarter. Heitman Real Estate Securities LLC now owns 449,295 shares of the real estate investment trust’s stock valued at $55,501,000 after purchasing an additional 435,495 shares during the period. Finally, FMR LLC raised its holdings in shares of Camden Property Trust by 14.5% during the third quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust’s stock valued at $407,324,000 after purchasing an additional 416,701 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Barclays dropped their price objective on shares of Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Scotiabank dropped their price objective on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. StockNews.com lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Stifel Nicolaus lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating and upped their price objective for the company from $120.00 to $121.00 in a report on Wednesday, November 13th. Finally, 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. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $125.36.

Camden Property Trust Trading Up 0.7 %

Shares of CPT stock opened at $114.34 on Wednesday. Camden Property Trust has a 52-week low of $90.50 and a 52-week high of $127.69. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. The company has a 50-day simple moving average of $116.04 and a two-hundred day simple moving average of $118.87. The company has a market capitalization of $12.20 billion, a price-to-earnings ratio of 36.18, a PEG ratio of 4.13 and a beta of 0.94.

Camden Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend was Wednesday, December 18th. Camden Property Trust’s payout ratio is 130.38%.

Insider Activity

In related news, CFO Alexander J. Jessett sold 13,067 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $1,496,171.50. Following the sale, the chief financial officer now directly owns 124,246 shares in the company, valued at approximately $14,226,167. The trade was a 9.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Heather J. Brunner sold 1,853 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $212,168.50. Following the transaction, the director now owns 10,537 shares of the company’s stock, valued at $1,206,486.50. This represents a 14.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,413 shares of company stock valued at $2,895,718 in the last three months. Company insiders own 1.90% of the company’s stock.

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.