Camden Property Trust (NYSE:CPT) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System grew its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 264,580 shares of the real estate investment trust's stock after acquiring an additional 10,776 shares during the period. California Public Employees Retirement System owned 0.25% of Camden Property Trust worth $30,702,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Camden Property Trust in the fourth quarter worth approximately $187,606,000. Wellington Management Group LLP grew its stake in shares of 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 worth $243,952,000 after buying an additional 918,078 shares in the last quarter. Victory Capital Management Inc. grew its position in Camden Property Trust by 6.7% in the fourth quarter. Victory Capital Management Inc. now owns 4,400,846 shares of the real estate investment trust's stock worth $510,674,000 after acquiring an additional 277,117 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Camden Property Trust during the 4th quarter valued at approximately $17,616,000. Finally, Cbre Investment Management Listed Real Assets LLC increased its position in Camden Property Trust by 66.8% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 375,753 shares of the real estate investment trust's stock valued at $43,602,000 after acquiring an additional 150,491 shares during the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Camden Property Trust

In other news, CEO Richard J. Campo sold 1,043 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 299,092 shares in the company, valued at $32,918,065.52. This trade represents a 0.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Heather J. Brunner sold 264 shares of the company's stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $29,055.84. Following the completion of the transaction, the director now directly owns 10,273 shares in the company, valued at approximately $1,130,646.38. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,304 shares of company stock valued at $365,274. 1.80% of the stock is currently owned by insiders.

Camden Property Trust Price Performance

CPT traded down $2.45 during trading on Monday, hitting $107.98. The company's stock had a trading volume of 1,724,089 shares, compared to its average volume of 905,475. The business's fifty day simple moving average is $119.23 and its 200 day simple moving average is $118.88. Camden Property Trust has a twelve month low of $94.75 and a twelve month high of $127.69. The firm has a market capitalization of $11.75 billion, a price-to-earnings ratio of 71.99, a P/E/G ratio of 4.41 and a beta of 0.79. 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 - Get Free Report) last posted its quarterly earnings data 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 research analysts forecast that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors 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 yield of 3.89%. 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 is currently 280.00%.

Analyst Upgrades and Downgrades

CPT has been the topic of a number of analyst reports. Wells Fargo & Company cut their target price on Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating on the stock in a research note on Friday, January 24th. Citigroup upgraded Camden Property Trust from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $125.00 to $138.00 in a research note on Friday, March 28th. Truist Financial raised their target price on shares of Camden Property Trust from $122.00 to $129.00 and gave the company a "buy" rating in a research note on Monday, March 10th. Mizuho lowered their price target on Camden Property Trust from $129.00 to $125.00 and set an "outperform" rating for the company in a report on Monday, January 6th. Finally, Evercore ISI lifted their price objective on shares of Camden Property Trust from $118.00 to $127.00 and gave the stock 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 seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $127.76.

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.