Kera Capital Partners Inc. Takes $228,000 Position in Camden Property Trust (NYSE:CPT)

Kera Capital Partners Inc. purchased a new position in Camden Property Trust (NYSE:CPT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,964 shares of the real estate investment trust’s stock, valued at approximately $228,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP grew its stake in shares of Camden Property Trust by 86.9% during 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position 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 worth $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 position in shares of Camden Property Trust in the second quarter worth about $63,056,000. Finally, Heitman Real Estate Securities LLC increased its stake in Camden Property Trust by 3,155.8% in the 3rd 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.

Insider Activity at Camden Property Trust

In other news, CEO Richard J. Campo sold 1,043 shares of Camden Property Trust stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $114,792.58. Following the sale, the chief executive officer now owns 299,092 shares in the company, valued at $32,918,065.52. This trade represents a 0.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Heather J. Brunner sold 1,853 shares of the company’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 transaction, the director now owns 10,537 shares of the company’s stock, valued at approximately $1,206,486.50. This trade represents a 14.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,413 shares of company stock worth $2,895,718 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Jefferies Financial Group initiated coverage on shares of Camden Property Trust in a research note on Friday, October 11th. They issued a “hold” rating and a $123.00 target price on the stock. Stifel Nicolaus downgraded Camden Property Trust from a “buy” rating to a “hold” rating and raised their price objective for the stock from $120.00 to $121.00 in a report on Wednesday, November 13th. Scotiabank lowered their target price on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. Mizuho cut their price target on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. lowered shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $129.00 to $128.00 in a research note on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $126.75.

Camden Property Trust Price Performance

Shares of NYSE CPT opened at $112.64 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. The firm’s 50 day simple moving average is $118.31 and its 200-day simple moving average is $118.57. Camden Property Trust has a 12 month low of $90.50 and a 12 month high of $127.69. The stock has a market capitalization of $12.02 billion, a price-to-earnings ratio of 35.65, a PEG ratio of 3.95 and a beta of 0.94.

Camden Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date was Wednesday, December 18th. Camden Property Trust’s dividend payout ratio (DPR) is presently 130.38%.

Camden Property Trust 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.