Aurora Investment Managers LLC. Buys 1,734 Shares of Camden Property Trust (NYSE:CPT)

Aurora Investment Managers LLC. increased its position in Camden Property Trust (NYSE:CPT) by 5.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,314 shares of the real estate investment trust’s stock after acquiring an additional 1,734 shares during the quarter. Camden Property Trust comprises about 2.3% of Aurora Investment Managers LLC.’s holdings, making the stock its 15th biggest holding. Aurora Investment Managers LLC.’s holdings in Camden Property Trust were worth $3,866,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. grew its position in Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 98 shares in the last quarter. Federated Hermes Inc. bought a new position in shares of Camden Property Trust in the second quarter worth approximately $33,000. Neo Ivy Capital Management purchased a new stake in Camden Property Trust in the third quarter valued at approximately $38,000. MassMutual Private Wealth & Trust FSB raised its stake in Camden Property Trust by 117.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 206 shares in the last quarter. Finally, American Capital Advisory LLC lifted its position in Camden Property Trust by 42.7% during the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 128 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Insider Transactions at Camden Property Trust

In related news, Director Heather J. Brunner sold 1,853 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $212,168.50. Following the sale, the director now directly owns 10,537 shares of the company’s stock, valued at approximately $1,206,486.50. This represents a 14.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Alexander J. Jessett sold 1,862 shares of Camden Property Trust stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $204,931.72. Following the completion of the transaction, the chief financial officer now directly owns 122,384 shares of the company’s stock, valued at $13,469,583.04. This trade represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,413 shares of company stock valued at $2,895,718. Company insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on CPT shares. Stifel Nicolaus cut shares of Camden Property Trust from a “buy” rating to a “hold” rating and raised their price objective for the company from $120.00 to $121.00 in a research report on Wednesday, November 13th. StockNews.com downgraded Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Royal Bank of Canada cut their price objective on Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a report on Monday, November 4th. Jefferies Financial Group started coverage on Camden Property Trust in a report on Friday, October 11th. They set a “hold” rating and a $123.00 price objective on the stock. Finally, JPMorgan Chase & Co. cut shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $129.00 to $128.00 in a research report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Camden Property Trust presently has a consensus rating of “Hold” and an average price target of $126.75.

Camden Property Trust Price Performance

CPT opened at $112.64 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. The stock has a market capitalization of $12.02 billion, a PE ratio of 35.65, a price-to-earnings-growth ratio of 3.95 and a beta of 0.94. The stock’s 50 day moving average price is $118.12 and its 200-day moving average price is $118.69. Camden Property Trust has a 52-week low of $90.50 and a 52-week high of $127.69.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th were issued a $1.03 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $4.12 annualized dividend and a yield of 3.66%. 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.