Arizona State Retirement System Purchases 450 Shares of Camden Property Trust (NYSE:CPT)

Arizona State Retirement System grew its holdings in shares of Camden Property Trust (NYSE:CPT) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,972 shares of the real estate investment trust’s stock after acquiring an additional 450 shares during the period. Arizona State Retirement System’s holdings in Camden Property Trust were worth $3,594,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in CPT. UMB Bank n.a. raised its holdings in shares of 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 valued at $26,000 after purchasing an additional 98 shares during the period. National Pension Service acquired a new stake in shares of Camden Property Trust in the 4th quarter valued at about $26,000. Quent Capital LLC increased its position in Camden Property Trust by 87.0% in the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 114 shares in the last quarter. Neo Ivy Capital Management acquired a new position in Camden Property Trust during the 3rd quarter worth approximately $38,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings 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 worth $44,000 after acquiring an additional 206 shares in the last quarter. 97.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CPT has been the topic of a number of research reports. Scotiabank upped their target price on Camden Property Trust from $130.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Friday, February 14th. Wells Fargo & Company lowered their price objective on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Stifel Nicolaus lifted their price objective on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a report on Friday, February 7th. Barclays boosted their target price on shares of Camden Property Trust from $126.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. cut shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $129.00 to $128.00 in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $126.53.

Camden Property Trust Trading Down 0.4 %

NYSE CPT opened at $121.38 on Monday. The business’s fifty day moving average is $116.39 and its 200-day moving average is $119.56. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The stock has a market capitalization of $12.96 billion, a price-to-earnings ratio of 80.92, a PEG ratio of 4.41 and a beta of 0.94. Camden Property Trust has a one year low of $94.75 and a one year high of $127.69.

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

Camden Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a $1.05 dividend. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date is Monday, March 31st. This represents a $4.20 annualized dividend and a yield of 3.46%. Camden Property Trust’s dividend payout ratio is presently 280.00%.

Insider Buying and Selling at Camden Property Trust

In related news, CFO Alexander J. Jessett sold 13,067 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $1,496,171.50. Following the sale, the chief financial officer now directly owns 124,246 shares in the company, valued at approximately $14,226,167. The trade was a 9.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard J. Campo sold 7,324 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $838,598.00. Following the sale, the chief executive officer now directly owns 300,135 shares in the company, valued at approximately $34,365,457.50. This trade represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,413 shares of company stock valued at $2,895,718. Company 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.