Cooper Financial Group Boosts Stake in Camden Property Trust (NYSE:CPT)

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

Several other institutional investors and hedge funds have also recently modified their holdings of CPT. Wellington Management Group LLP grew 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 purchasing an additional 918,078 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Camden Property Trust by 508.9% in the 3rd 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 acquiring an additional 790,974 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in Camden Property Trust by 97.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust’s stock worth $158,028,000 after acquiring an additional 630,768 shares in the last quarter. Duquesne Family Office LLC acquired a new position in Camden Property Trust during the second quarter worth $63,056,000. Finally, Heitman Real Estate Securities LLC lifted its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Up 2.3 %

Shares of NYSE CPT opened at $111.70 on Tuesday. Camden Property Trust has a 1 year low of $90.50 and a 1 year high of $127.69. The company has a market capitalization of $11.92 billion, a P/E ratio of 35.35, a P/E/G ratio of 4.40 and a beta of 0.94. The company has a 50 day simple moving average of $118.92 and a 200-day simple moving average of $118.53. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15.

Camden Property Trust Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CPT. JPMorgan Chase & Co. cut shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $129.00 to $128.00 in a research note on Tuesday, December 17th. Evercore ISI increased their target price on Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Stifel Nicolaus lowered Camden Property Trust from a “buy” rating to a “hold” rating and lifted their price target for the stock from $120.00 to $121.00 in a research note on Wednesday, November 13th. Jefferies Financial Group started coverage on Camden Property Trust in a research note on Friday, October 11th. They issued a “hold” rating and a $123.00 price objective for the company. Finally, Scotiabank decreased their price objective on 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. 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 an average rating of “Hold” and a consensus target price of $126.75.

Insider Activity

In related news, Director Heather J. Brunner sold 1,853 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $212,168.50. Following the sale, the director now directly owns 10,537 shares in the company, valued at approximately $1,206,486.50. The trade was a 14.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard J. Campo sold 7,324 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 $838,598.00. Following the transaction, the chief executive officer now directly owns 300,135 shares of the company’s stock, valued at approximately $34,365,457.50. This trade represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,413 shares of company stock valued at $2,895,718 in the last quarter. Insiders own 1.80% 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.