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% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 56,342 shares of the real estate investment trust’s stock after acquiring an additional 15,030 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Camden Property Trust were worth $6,538,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. iA Global Asset Management Inc. grew its holdings in Camden Property Trust by 35.4% in the fourth quarter. iA Global Asset Management Inc. now owns 7,139 shares of the real estate investment trust’s stock worth $828,000 after purchasing an additional 1,866 shares during the period. Teacher Retirement System of Texas purchased a new stake in Camden Property Trust in the fourth quarter worth about $2,389,000. Intech Investment Management LLC purchased a new stake in Camden Property Trust in the fourth quarter worth about $540,000. Generali Asset Management SPA SGR purchased a new stake in Camden Property Trust in the fourth quarter worth about $1,967,000. Finally, Cibc World Markets Corp grew its holdings in Camden Property Trust by 12.3% in the fourth quarter. Cibc World Markets Corp now owns 47,907 shares of the real estate investment trust’s stock worth $5,559,000 after purchasing an additional 5,244 shares during the period. 97.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CPT. StockNews.com upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Tuesday, March 18th. Mizuho cut their price target on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. Royal Bank of Canada increased their price target on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a report on Monday, February 10th. JPMorgan Chase & Co. cut shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and cut their price target for the company from $129.00 to $128.00 in a report on Tuesday, December 17th. Finally, Wells Fargo & Company cut their price target 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. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $127.19.

Insider Transactions at Camden Property Trust

In related news, Director Heather J. Brunner sold 1,853 shares of Camden Property Trust stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $212,168.50. Following the transaction, the director now owns 10,537 shares in the company, valued at approximately $1,206,486.50. The trade was a 14.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction, the chief executive officer now owns 299,092 shares in the company, valued at approximately $32,918,065.52. This trade represents a 0.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,548 shares of company stock worth $2,912,212 in the last 90 days. 1.80% of the stock is currently owned by insiders.

Camden Property Trust Trading Down 0.7 %

NYSE:CPT opened at $119.16 on Friday. The company has a 50 day simple moving average of $117.61 and a two-hundred day simple moving average of $119.27. The company has a market cap of $12.72 billion, a PE ratio of 79.44, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. Camden Property Trust has a 12 month low of $94.75 and a 12 month high of $127.69. 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 (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 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 forecast 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. Stockholders of record on Monday, March 31st will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s dividend payout ratio (DPR) is currently 280.00%.

About Camden Property Trust

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.