California Public Employees Retirement System Acquires 4,975 Shares of Camden Property Trust (NYSE:CPT)

California Public Employees Retirement System increased its holdings in shares of Camden Property Trust (NYSE:CPT) by 1.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 334,548 shares of the real estate investment trust’s stock after purchasing an additional 4,975 shares during the period. California Public Employees Retirement System owned 0.31% of Camden Property Trust worth $33,217,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. CWM LLC boosted its holdings in shares of Camden Property Trust by 26.0% during the third quarter. CWM LLC now owns 2,227 shares of the real estate investment trust’s stock worth $211,000 after acquiring an additional 459 shares during the period. Czech National Bank boosted its holdings in shares of Camden Property Trust by 47.6% during the third quarter. Czech National Bank now owns 18,661 shares of the real estate investment trust’s stock worth $1,765,000 after acquiring an additional 6,022 shares during the period. Ballentine Partners LLC acquired a new stake in shares of Camden Property Trust in the third quarter valued at approximately $444,000. Sunesis Advisors LLC acquired a new stake in shares of Camden Property Trust in the third quarter valued at approximately $588,000. Finally, Commonwealth Equity Services LLC raised its position in shares of Camden Property Trust by 18.8% in the third quarter. Commonwealth Equity Services LLC now owns 2,311 shares of the real estate investment trust’s stock valued at $219,000 after buying an additional 366 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CPT shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Camden Property Trust in a research report on Tuesday, January 30th. They issued a “hold” rating and a $90.00 price target for the company. The Goldman Sachs Group started coverage on shares of Camden Property Trust in a research report on Thursday, February 22nd. They issued a “buy” rating and a $112.00 price target for the company. Truist Financial lifted their price target on shares of Camden Property Trust from $113.00 to $114.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Morgan Stanley lifted their price target on shares of Camden Property Trust from $95.00 to $98.00 and gave the company an “equal weight” rating in a research report on Monday, February 26th. Finally, Piper Sandler reiterated an “underweight” rating and issued a $90.00 price target on shares of Camden Property Trust in a research report on Tuesday, March 26th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Camden Property Trust presently has an average rating of “Hold” and a consensus target price of $104.29.

Camden Property Trust Stock Performance

Shares of CPT opened at $99.62 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $10.84 billion, a P/E ratio of 26.92, a price-to-earnings-growth ratio of 3.71 and a beta of 0.83. The firm’s fifty day simple moving average is $97.25 and its two-hundred day simple moving average is $95.17. Camden Property Trust has a 12 month low of $82.81 and a 12 month high of $114.04.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.31. Camden Property Trust had a net margin of 26.15% and a return on equity of 8.07%. The business had revenue of $387.59 million for the quarter, compared to analysts’ expectations of $387.33 million. During the same quarter in the prior year, the firm posted $1.74 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, analysts predict that Camden Property Trust will post 6.72 EPS for the current year.

Camden Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 29th were issued a dividend of $1.03 per share. The ex-dividend date was Wednesday, March 27th. This represents a $4.12 annualized dividend and a dividend yield of 4.14%. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.00. Camden Property Trust’s dividend payout ratio is currently 111.35%.

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 58,634 apartment homes across the United States.