Camden Property Trust (NYSE:CPT) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its position in shares of Camden Property Trust (NYSE:CPT) by 9.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 89,035 shares of the real estate investment trust’s stock after selling 9,811 shares during the period. New York State Teachers Retirement System’s holdings in Camden Property Trust were worth $10,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. grew its stake in shares of Camden Property Trust by 76.6% during the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 98 shares during the period. Quent Capital LLC grew its stake in shares of Camden Property Trust by 87.0% during the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 114 shares during the period. Neo Ivy Capital Management acquired a new stake in Camden Property Trust in the 3rd quarter valued at $38,000. MassMutual Private Wealth & Trust FSB grew its stake in Camden Property Trust by 117.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 206 shares during the period. Finally, American Capital Advisory LLC grew its stake in Camden Property Trust by 42.7% in the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 128 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, Director Heather J. Brunner sold 1,853 shares of Camden Property Trust stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $212,168.50. Following the sale, the director now owns 10,537 shares of the company’s stock, valued at $1,206,486.50. The trade was a 14.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard J. Campo sold 1,043 shares of Camden Property Trust stock in a transaction on 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 directly owns 299,092 shares in the company, valued at $32,918,065.52. The trade was a 0.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,413 shares of company stock valued at $2,895,718 in the last quarter. Corporate insiders own 1.80% of the company’s stock.

Camden Property Trust Trading Up 0.1 %

NYSE:CPT opened at $119.24 on Wednesday. Camden Property Trust has a 12-month low of $92.26 and a 12-month high of $127.69. The firm has a market capitalization of $12.72 billion, a P/E ratio of 79.49, a P/E/G ratio of 4.27 and a beta of 0.94. 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 business has a 50 day simple moving average of $115.12 and a 200 day simple moving average of $119.26.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.32% and a net margin of 10.58%. Equities research analysts predict that Camden Property Trust will post 6.8 EPS for the current year.

Camden Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.20 annualized dividend and a yield of 3.52%. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s payout ratio is presently 274.67%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Stifel Nicolaus lifted their price target on Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a report on Friday, February 7th. JPMorgan Chase & Co. lowered shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $129.00 to $128.00 in a report on Tuesday, December 17th. Scotiabank lifted their target price on Camden Property Trust from $130.00 to $135.00 and gave the company a “sector perform” rating in a research report on Friday, February 14th. Finally, Barclays dropped their target price on Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Camden Property Trust currently has a consensus rating of “Hold” and an average price target of $126.31.

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.