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

Arizona State Retirement System raised its stake in shares of Camden Property Trust (NYSE:CPT) by 1.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 30,972 shares of the real estate investment trust’s stock after buying an additional 450 shares during the quarter. Arizona State Retirement System’s holdings in Camden Property Trust were worth $3,594,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. National Pension Service bought a new position in shares of Camden Property Trust in the fourth quarter valued at approximately $26,000. UMB Bank n.a. lifted its stake in Camden Property Trust by 76.6% in 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 in the last quarter. Quent Capital LLC boosted its holdings 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 purchasing an additional 114 shares during the period. Neo Ivy Capital Management purchased a new position in shares of Camden Property Trust during the 3rd quarter valued at $38,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of 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 purchasing an additional 206 shares during the period. 97.22% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CPT shares. Barclays lifted their price objective on Camden Property Trust from $126.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. downgraded 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. Royal Bank of Canada upped their price objective on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a “sector perform” rating in a research report on Monday, February 10th. Evercore ISI lifted 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. Finally, Mizuho cut their price target 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. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Camden Property Trust has a consensus rating of “Hold” and a consensus target price of $126.53.

Insider Activity at Camden Property Trust

In other Camden Property Trust news, CEO Richard J. Campo sold 7,324 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $838,598.00. Following the transaction, the chief executive officer now owns 300,135 shares in the company, valued at approximately $34,365,457.50. The trade was a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Heather J. Brunner sold 1,853 shares of the stock in a transaction dated 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 approximately $1,206,486.50. This represents a 14.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,413 shares of company stock worth $2,895,718 in the last three months. 1.80% of the stock is owned by insiders.

Camden Property Trust Stock Down 0.4 %

Shares of NYSE:CPT opened at $121.38 on Monday. The stock has a market capitalization of $12.96 billion, a P/E ratio of 80.92, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. The stock’s 50-day moving average price is $116.39 and its 200-day moving average price is $119.56. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. Camden Property Trust has a 12-month low of $94.75 and a 12-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 (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. On average, equities analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The company also recently announced 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 represents a $4.20 annualized dividend and a dividend yield of 3.46%. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, March 31st. Camden Property Trust’s payout ratio is presently 280.00%.

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.