ERn Financial LLC Purchases 263 Shares of Camden Property Trust (NYSE:CPT)

ERn Financial LLC grew its position in shares of Camden Property Trust (NYSE:CPTFree Report) by 4.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,456 shares of the real estate investment trust’s stock after purchasing an additional 263 shares during the quarter. ERn Financial LLC’s holdings in Camden Property Trust were worth $749,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP increased its holdings in shares of 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 worth $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 lifted its position in Camden Property Trust by 508.9% in 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 last quarter. Jacobs Levy Equity Management Inc. boosted its stake 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. Duquesne Family Office LLC bought a new stake in shares of Camden Property Trust during the 2nd quarter valued at about $63,056,000. Finally, Heitman Real Estate Securities LLC lifted its holdings in Camden Property Trust by 3,155.8% in the third quarter. Heitman Real Estate Securities LLC now owns 449,295 shares of the real estate investment trust’s stock worth $55,501,000 after buying an additional 435,495 shares during the period. 97.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on CPT. Mizuho dropped their target price on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. Barclays started coverage on shares of Camden Property Trust in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $138.00 target price on the stock. Stifel Nicolaus lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $120.00 to $121.00 in a report on Wednesday, November 13th. Scotiabank cut their target price on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Finally, StockNews.com cut Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Camden Property Trust currently has an average rating of “Hold” and a consensus target price of $126.75.

Get Our Latest Report on CPT

Camden Property Trust Trading Down 0.7 %

CPT stock opened at $111.78 on Thursday. The firm has a market cap of $11.92 billion, a PE ratio of 35.37, a price-to-earnings-growth ratio of 4.39 and a beta of 0.92. The firm has a fifty day moving average price of $118.61 and a 200 day moving average price of $118.52. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. Camden Property Trust has a fifty-two week low of $90.50 and a fifty-two week high of $127.69.

Camden Property Trust Announces Dividend

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

Insider Activity

In related news, CFO Alexander J. Jessett sold 13,067 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $1,496,171.50. Following the transaction, the chief financial officer now directly owns 124,246 shares in the company, valued at approximately $14,226,167. This represents a 9.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Heather J. Brunner sold 1,853 shares of the firm’s 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 completion of the sale, the director now directly owns 10,537 shares of the company’s stock, valued at approximately $1,206,486.50. The trade was a 14.96 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,413 shares of company stock worth $2,895,718. 1.80% of the stock is currently owned by corporate insiders.

Camden Property Trust Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Camden Property Trust (NYSE:CPT)

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