Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 15,030 Shares of Camden Property Trust (NYSE:CPT)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Camden Property Trust (NYSE:CPT) by 36.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 56,342 shares of the real estate investment trust’s stock after purchasing an additional 15,030 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.05% of Camden Property Trust worth $6,538,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. State Street Corp grew its stake in Camden Property Trust by 0.5% in the 3rd quarter. State Street Corp now owns 7,118,930 shares of the real estate investment trust’s stock valued at $886,693,000 after buying an additional 36,528 shares in the last quarter. Victory Capital Management Inc. grew its stake in Camden Property Trust by 6.7% in the 4th quarter. Victory Capital Management Inc. now owns 4,400,846 shares of the real estate investment trust’s stock valued at $510,674,000 after buying an additional 277,117 shares in the last quarter. FMR LLC grew its stake in Camden Property Trust by 14.5% in the 3rd quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust’s stock valued at $407,324,000 after buying an additional 416,701 shares in the last quarter. Geode Capital Management LLC grew its stake in Camden Property Trust by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,739,831 shares of the real estate investment trust’s stock valued at $337,394,000 after buying an additional 20,097 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Camden Property Trust by 86.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock valued at $243,952,000 after buying an additional 918,078 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Mizuho reduced their price objective on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. Scotiabank boosted 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 report on Friday, February 14th. Evercore ISI boosted their price target 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. JPMorgan Chase & Co. lowered 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. Finally, Truist Financial boosted their price target on shares of Camden Property Trust from $122.00 to $129.00 and gave the company a “buy” rating in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $127.19.

Camden Property Trust Stock Performance

Camden Property Trust stock opened at $119.16 on Friday. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $12.72 billion, a PE ratio of 79.44, a P/E/G ratio of 4.41 and a beta of 0.94. The firm has a fifty day simple moving average of $117.61 and a two-hundred day simple moving average of $119.27. Camden Property Trust has a twelve month low of $94.75 and a twelve month high of $127.69.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share 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%. Research analysts expect that Camden Property Trust will post 6.76 EPS 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 of this dividend is Monday, March 31st. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a yield of 3.52%. Camden Property Trust’s payout ratio is currently 280.00%.

Insiders Place Their Bets

In other news, CFO Alexander J. Jessett sold 13,067 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 $1,496,171.50. Following the completion of the transaction, the chief financial officer now directly owns 124,246 shares of the company’s stock, valued at approximately $14,226,167. This represents a 9.52 % decrease in their ownership of the stock. 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 transaction, the chief executive officer now directly owns 300,135 shares of the company’s stock, 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. Insiders sold 25,548 shares of company stock valued at $2,912,212 over the last three months. Insiders own 1.80% of the company’s stock.

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.