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

Kera Capital Partners Inc. purchased a new position in Camden Property Trust (NYSE:CPT) during the 4th quarter, according to its most recent Form 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.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Verdence Capital Advisors LLC boosted its stake in shares of Camden Property Trust by 5.0% in the third quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust’s stock valued at $294,000 after purchasing an additional 113 shares during the period. Doliver Advisors LP lifted its holdings in Camden Property Trust by 6.7% during the 4th quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust’s stock worth $209,000 after buying an additional 113 shares in the last quarter. American Capital Advisory LLC lifted its holdings in Camden Property Trust by 42.7% during the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 128 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of Camden Property Trust by 0.5% in the second quarter. ProShare Advisors LLC now owns 31,349 shares of the real estate investment trust’s stock worth $3,420,000 after acquiring an additional 146 shares in the last quarter. Finally, MML Investors Services LLC grew its stake in shares of Camden Property Trust by 1.6% in the third quarter. MML Investors Services LLC now owns 9,294 shares of the real estate investment trust’s stock worth $1,148,000 after acquiring an additional 147 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CPT has been the subject of a number of recent research reports. Barclays started coverage on Camden Property Trust in a report on Tuesday, December 17th. They issued an “overweight” rating and a $138.00 target price for the company. Scotiabank lowered their price objective on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. Jefferies Financial Group initiated coverage on shares of Camden Property Trust in a research report on Friday, October 11th. They issued a “hold” rating and a $123.00 price objective on the stock. Stifel Nicolaus downgraded 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 report on Wednesday, November 13th. Finally, StockNews.com lowered Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $126.75.

Insider Buying and Selling at Camden Property Trust

In other news, Director Heather J. Brunner sold 1,853 shares of the firm’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 value 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 $1,206,486.50. This trade represents a 14.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard J. Campo sold 7,324 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $838,598.00. Following the transaction, the chief executive officer now directly owns 300,135 shares in the company, valued at $34,365,457.50. This represents a 2.38 % 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 valued at $2,895,718. 1.80% of the stock is owned by company insiders.

Camden Property Trust Trading Down 0.0 %

Shares of CPT stock opened at $112.64 on Friday. The company has a market capitalization of $12.02 billion, a P/E ratio of 35.65, a price-to-earnings-growth ratio of 3.95 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 $118.31 and its two-hundred day moving average is $118.57. Camden Property Trust has a twelve month low of $90.50 and a twelve month high of $127.69.

Camden Property Trust Dividend Announcement

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