California Public Employees Retirement System Has $30.70 Million Stake in Camden Property Trust (NYSE:CPT)

California Public Employees Retirement System increased its stake in shares of Camden Property Trust (NYSE:CPT) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 264,580 shares of the real estate investment trust’s stock after buying an additional 10,776 shares during the quarter. California Public Employees Retirement System owned about 0.25% of Camden Property Trust worth $30,702,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CPT. Schroder Investment Management Group increased its position in shares of Camden Property Trust by 67.2% in the fourth quarter. Schroder Investment Management Group now owns 11,226 shares of the real estate investment trust’s stock worth $1,288,000 after purchasing an additional 4,512 shares during the period. Allstate Corp bought a new position in Camden Property Trust in the 4th quarter valued at about $376,000. DnB Asset Management AS raised its position in shares of Camden Property Trust by 5.1% in the 4th quarter. DnB Asset Management AS now owns 18,265 shares of the real estate investment trust’s stock valued at $2,119,000 after buying an additional 883 shares in the last quarter. Orion Portfolio Solutions LLC lifted its holdings in shares of Camden Property Trust by 8.5% during the 4th quarter. Orion Portfolio Solutions LLC now owns 4,919 shares of the real estate investment trust’s stock worth $571,000 after acquiring an additional 386 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of Camden Property Trust by 3.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 171,731 shares of the real estate investment trust’s stock worth $19,928,000 after acquiring an additional 5,987 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CPT. Truist Financial raised their target price on Camden Property Trust from $122.00 to $129.00 and gave the company a “buy” rating in a report on Monday, March 10th. Jefferies Financial Group raised Camden Property Trust from a “hold” rating to a “buy” rating and boosted their target price for the stock from $117.00 to $139.00 in a research note on Monday, March 10th. Scotiabank raised their price target on shares of Camden Property Trust from $130.00 to $135.00 and gave the company a “sector perform” rating in a research note on Friday, February 14th. Citigroup upgraded shares of Camden Property Trust from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $125.00 to $138.00 in a research report on Friday, March 28th. Finally, Evercore ISI raised their target price on shares of Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $127.76.

Camden Property Trust Trading Up 0.8 %

NYSE:CPT opened at $122.93 on Thursday. Camden Property Trust has a 52 week low of $94.75 and a 52 week high of $127.69. The firm’s fifty day moving average is $119.18 and its 200-day moving average is $119.19. The firm has a market cap of $13.37 billion, a P/E ratio of 81.95, a P/E/G ratio of 4.41 and a beta of 0.94. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. Equities analysts expect that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a $1.05 dividend. The ex-dividend date is Monday, March 31st. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a yield of 3.42%. Camden Property Trust’s payout ratio is 280.00%.

Insiders Place Their Bets

In related news, Director Heather J. Brunner sold 264 shares of the stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $29,055.84. Following the transaction, the director now directly owns 10,273 shares of the company’s stock, valued at $1,130,646.38. This represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $114,792.58. Following the completion of the sale, the chief executive officer now directly owns 299,092 shares of the company’s stock, valued at approximately $32,918,065.52. This trade represents a 0.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,548 shares of company stock worth $2,912,212. Corporate insiders own 1.80% of the company’s stock.

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.