Camden Property Trust (NYSE:CPT) Position Cut by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its stake in Camden Property Trust (NYSE:CPTFree Report) by 1.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,360 shares of the real estate investment trust’s stock after selling 2,930 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.15% of Camden Property Trust worth $15,451,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. increased its position in Camden Property Trust by 11.3% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 895 shares of the real estate investment trust’s stock worth $97,000 after buying an additional 91 shares during the period. Bessemer Group Inc. boosted its stake in Camden Property Trust by 57.0% in the fourth quarter. Bessemer Group Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 94 shares in the last quarter. Commerce Bank lifted its stake in shares of Camden Property Trust by 2.8% during the second quarter. Commerce Bank now owns 3,477 shares of the real estate investment trust’s stock valued at $379,000 after acquiring an additional 95 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in shares of Camden Property Trust by 1.0% during the third quarter. Mercer Global Advisors Inc. ADV now owns 9,751 shares of the real estate investment trust’s stock valued at $1,165,000 after acquiring an additional 95 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its stake in Camden Property Trust by 0.3% in the first quarter. Rockefeller Capital Management L.P. now owns 36,569 shares of the real estate investment trust’s stock valued at $3,833,000 after buying an additional 96 shares during the period. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Insider Activity

In other news, CEO Richard J. Campo sold 38,336 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $98.22, for a total value of $3,765,361.92. Following the completion of the transaction, the chief executive officer now directly owns 267,132 shares of the company’s stock, valued at $26,237,705.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Richard J. Campo sold 38,336 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $98.22, for a total value of $3,765,361.92. Following the completion of the transaction, the chief executive officer now directly owns 267,132 shares of the company’s stock, valued at $26,237,705.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Alexander J. Jessett sold 9,803 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $98.21, for a total value of $962,752.63. Following the completion of the transaction, the chief financial officer now directly owns 114,893 shares of the company’s stock, valued at $11,283,641.53. The disclosure for this sale can be found here. Insiders sold a total of 55,957 shares of company stock valued at $5,495,920 over the last three months. Corporate insiders own 1.80% of the company’s stock.

Camden Property Trust Stock Performance

Shares of CPT opened at $93.45 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.10 and a current ratio of 0.88. The stock has a 50 day moving average price of $97.01 and a two-hundred day moving average price of $97.74. The firm has a market capitalization of $9.98 billion, a P/E ratio of 25.26, a P/E/G ratio of 3.47 and a beta of 0.84. Camden Property Trust has a 52 week low of $82.81 and a 52 week high of $124.45.

Camden Property Trust (NYSE:CPTGet Free Report) last issued its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.31. The firm had revenue of $387.59 million during the quarter, compared to analyst estimates of $387.33 million. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.74 EPS. Equities analysts forecast that Camden Property Trust will post 6.78 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th will be issued a dividend of $1.03 per share. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.00. This represents a $4.12 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date is Wednesday, March 27th. Camden Property Trust’s payout ratio is currently 108.11%.

Analyst Upgrades and Downgrades

CPT has been the subject of several recent analyst reports. BMO Capital Markets restated a “market perform” rating and issued a $100.00 price target on shares of Camden Property Trust in a report on Friday, December 15th. Deutsche Bank Aktiengesellschaft began coverage on Camden Property Trust in a research report on Tuesday, January 30th. They issued a “hold” rating and a $90.00 price objective for the company. UBS Group cut Camden Property Trust from a “buy” rating to a “neutral” rating and cut their price objective for the company from $127.00 to $94.00 in a research report on Monday, November 6th. Royal Bank of Canada reissued an “outperform” rating and set a $103.00 price target on shares of Camden Property Trust in a report on Monday, February 5th. Finally, Bank of America lowered Camden Property Trust from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $101.00 to $84.00 in a research note on Tuesday, October 31st. Three analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $106.88.

Read Our Latest Research Report on Camden Property Trust

Camden Property Trust Profile

(Free Report)

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 58,961 apartment homes across the United States.

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Institutional Ownership by Quarter for Camden Property Trust (NYSE:CPT)

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