Cooper Financial Group Buys 132 Shares of Camden Property Trust (NYSE:CPT)

Cooper Financial Group boosted its stake in Camden Property Trust (NYSE:CPT) by 2.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,104 shares of the real estate investment trust’s stock after acquiring an additional 132 shares during the period. Cooper Financial Group’s holdings in Camden Property Trust were worth $747,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Northern Trust Corp boosted its holdings in shares of Camden Property Trust by 33.7% during the 4th quarter. Northern Trust Corp now owns 1,420,076 shares of the real estate investment trust’s stock worth $164,786,000 after buying an additional 357,718 shares in the last quarter. Natixis boosted its holdings in shares of Camden Property Trust by 741.3% during the 4th quarter. Natixis now owns 18,063 shares of the real estate investment trust’s stock worth $2,096,000 after buying an additional 15,916 shares in the last quarter. Jump Financial LLC boosted its holdings in shares of Camden Property Trust by 32.1% during the 4th quarter. Jump Financial LLC now owns 20,777 shares of the real estate investment trust’s stock worth $2,411,000 after buying an additional 5,051 shares in the last quarter. MQS Management LLC bought a new position in shares of Camden Property Trust during the 1st quarter worth approximately $1,421,000. Finally, Freestone Grove Partners LP bought a new position in shares of Camden Property Trust during the 4th quarter worth approximately $591,000. 97.22% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Steven A. Webster sold 1,200 shares of the firm’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $118.76, for a total transaction of $142,512.00. Following the completion of the sale, the director directly owned 117,374 shares of the company’s stock, valued at $13,939,336.24. This trade represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on CPT. Royal Bank Of Canada cut their price target on Camden Property Trust from $120.00 to $118.00 and set a “sector perform” rating on the stock in a report on Monday, August 4th. Wall Street Zen upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Piper Sandler cut their price target on Camden Property Trust from $130.00 to $117.00 and set a “neutral” rating on the stock in a report on Monday, August 4th. Evercore ISI cut their target price on Camden Property Trust from $124.00 to $117.00 and set an “in-line” rating on the stock in a report on Monday, August 4th. Finally, UBS Group cut their target price on Camden Property Trust from $126.00 to $114.00 and set a “neutral” rating on the stock in a report on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $127.65.

Camden Property Trust Trading Down 1.3%

NYSE CPT opened at $105.53 on Monday. The firm has a market capitalization of $11.28 billion, a P/E ratio of 73.80, a PEG ratio of 3.51 and a beta of 0.78. The business has a fifty day simple moving average of $113.71 and a 200 day simple moving average of $115.85. Camden Property Trust has a 12 month low of $102.35 and a 12 month high of $127.69. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.82.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.01. The business had revenue of $396.51 million during the quarter, compared to analyst estimates of $393.24 million. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%. Camden Property Trust’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.71 EPS. On average, analysts predict that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Monday, June 30th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $4.20 annualized dividend and a dividend yield of 4.0%. Camden Property Trust’s dividend payout ratio (DPR) is currently 293.71%.

Camden Property Trust Company 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.