Commonwealth of Pennsylvania Public School Empls Retrmt SYS Increases Holdings in Camden Property Trust (NYSE:CPT)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Camden Property Trust (NYSE:CPT - Free Report) by 36.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,342 shares of the real estate investment trust's stock after purchasing an additional 15,030 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.05% of Camden Property Trust worth $6,538,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Wellington Management Group LLP raised its holdings in shares of Camden Property Trust by 86.9% during 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 acquiring an additional 918,078 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Camden Property Trust by 508.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 946,417 shares of the real estate investment trust's stock valued at $116,911,000 after purchasing an additional 790,974 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Camden Property Trust by 97.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust's stock worth $158,028,000 after purchasing an additional 630,768 shares during the period. Heitman Real Estate Securities LLC raised its holdings in Camden Property Trust by 3,155.8% during the 3rd quarter. Heitman Real Estate Securities LLC now owns 449,295 shares of the real estate investment trust's stock valued at $55,501,000 after buying an additional 435,495 shares during the period. Finally, FMR LLC lifted its position in Camden Property Trust by 14.5% in the third quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust's stock worth $407,324,000 after buying an additional 416,701 shares during the last quarter. Institutional investors own 97.22% of the company's stock.

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Insider Activity at Camden Property Trust

In related news, CEO Richard J. Campo sold 1,043 shares of the firm's stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $114,792.58. Following the transaction, the chief executive officer now directly owns 299,092 shares of the company's stock, valued at approximately $32,918,065.52. This trade represents a 0.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Heather J. Brunner sold 1,853 shares of the business's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $114.50, for a total value 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 trade represents a 14.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,548 shares of company stock worth $2,912,212 in the last 90 days. Corporate insiders own 1.80% of the company's stock.

Camden Property Trust Stock Performance

Camden Property Trust stock traded down $0.27 during trading hours on Thursday, hitting $121.94. 643,661 shares of the stock traded hands, compared to its average volume of 854,393. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. Camden Property Trust has a 1 year low of $94.75 and a 1 year high of $127.69. The stock has a market capitalization of $13.02 billion, a price-to-earnings ratio of 81.29, a P/E/G ratio of 4.41 and a beta of 0.94. The firm's 50 day moving average price is $118.19 and its 200-day moving average price is $119.22.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. As a group, equities analysts expect that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The company also recently announced 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 is a positive change from Camden Property Trust's previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a dividend yield of 3.44%. The ex-dividend date is Monday, March 31st. Camden Property Trust's dividend payout ratio is presently 280.00%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Mizuho reduced their price objective on shares of Camden Property Trust from $129.00 to $125.00 and set an "outperform" rating on the stock in a research report on Monday, January 6th. Stifel Nicolaus upped their price objective on Camden Property Trust from $121.00 to $122.00 and gave the company a "hold" rating in a research report on Friday, February 7th. Wells Fargo & Company decreased their price objective on shares of Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating for the company in a report on Friday, January 24th. Scotiabank raised their target price on shares of Camden Property Trust from $130.00 to $135.00 and gave the stock a "sector perform" rating in a research report on Friday, February 14th. Finally, StockNews.com raised Camden Property Trust from a "sell" rating to a "hold" rating in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Camden Property Trust currently has an average rating of "Hold" and an average target price of $127.19.

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.