Teacher Retirement System of Texas Makes New Investment in Camden Property Trust (NYSE:CPT)

Teacher Retirement System of Texas purchased a new stake in shares of Camden Property Trust (NYSE:CPT) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 20,591 shares of the real estate investment trust’s stock, valued at approximately $2,389,000.

A number of other large investors have also recently modified their holdings of the business. State Street Corp raised its stake in Camden Property Trust by 0.5% in the third quarter. State Street Corp now owns 7,118,930 shares of the real estate investment trust’s stock valued at $886,693,000 after purchasing an additional 36,528 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of 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 worth $510,674,000 after buying an additional 277,117 shares during the last quarter. FMR LLC raised its position in shares of Camden Property Trust by 14.5% during 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 lifted its holdings in shares of Camden Property Trust by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,739,831 shares of the real estate investment trust’s stock worth $337,394,000 after acquiring an additional 20,097 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in Camden Property Trust by 86.9% in the third quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock worth $243,952,000 after acquiring an additional 918,078 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Price Performance

Shares of CPT stock opened at $122.10 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. Camden Property Trust has a fifty-two week low of $94.75 and a fifty-two week high of $127.69. The firm has a market cap of $13.04 billion, a P/E ratio of 81.40, a P/E/G ratio of 4.41 and a beta of 0.94. The business’s 50 day moving average price is $118.19 and its 200-day moving average price is $119.22.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating 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%. On average, equities research analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be issued a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a yield of 3.44%. Camden Property Trust’s dividend payout ratio (DPR) is 280.00%.

Insider Buying and Selling at Camden Property Trust

In related news, CEO Richard J. Campo sold 7,324 shares of Camden Property Trust 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 completion of the transaction, the chief executive officer now directly owns 300,135 shares of the company’s stock, valued at $34,365,457.50. This trade represents a 2.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 transaction of $1,496,171.50. Following the sale, the chief financial officer now directly owns 124,246 shares in the company, valued at $14,226,167. The trade was a 9.52 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,548 shares of company stock valued at $2,912,212. 1.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CPT has been the topic of a number of research reports. Wells Fargo & Company lowered their price target on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. StockNews.com raised Camden Property Trust from a “sell” rating to a “hold” rating in a report on Tuesday, March 18th. JPMorgan Chase & Co. lowered Camden Property Trust from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $129.00 to $128.00 in a research note on Tuesday, December 17th. Jefferies Financial Group raised shares of Camden Property Trust from a “hold” rating to a “buy” rating and lifted their price target for the stock from $117.00 to $139.00 in a research note on Monday, March 10th. Finally, Evercore ISI upped their price objective on shares of Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a research note on Monday, February 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. Based on data from MarketBeat, Camden Property Trust has an average rating of “Hold” and a consensus target price of $127.19.

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.