State of New Jersey Common Pension Fund D Sells 3,344 Shares of Camden Property Trust (NYSE:CPT)

State of New Jersey Common Pension Fund D reduced its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 3.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 109,349 shares of the real estate investment trust's stock after selling 3,344 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.10% of Camden Property Trust worth $12,689,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CPT. Wellington Management Group LLP raised its holdings in 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 valued at $243,952,000 after buying an additional 918,078 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Camden Property Trust by 508.9% during 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 period. Jacobs Levy Equity Management Inc. increased its position in Camden Property Trust by 97.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust's stock valued at $158,028,000 after purchasing an additional 630,768 shares during the period. Heitman Real Estate Securities LLC increased its position 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 purchasing an additional 435,495 shares during the period. Finally, FMR LLC increased its position in 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 purchasing an additional 416,701 shares during the period. 97.22% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, CEO Richard J. Campo sold 7,324 shares of the company's 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 transaction, the chief executive officer now owns 300,135 shares in the company, valued at approximately $34,365,457.50. This represents a 2.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Heather J. Brunner sold 1,853 shares of the company's stock in a transaction dated 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 $1,206,486.50. This represents a 14.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,413 shares of company stock worth $2,895,718. Company insiders own 1.80% of the company's stock.

Camden Property Trust Stock Down 0.8 %

CPT stock traded down $0.92 during trading on Friday, hitting $119.93. 805,388 shares of the stock traded hands, compared to its average volume of 896,084. Camden Property Trust has a 1 year low of $92.26 and a 1 year high of $127.69. The firm's 50 day moving average is $115.03 and its two-hundred day moving average is $119.31. The stock has a market cap of $12.79 billion, a price-to-earnings ratio of 79.95, a price-to-earnings-growth ratio of 4.34 and a beta of 0.94. 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 (NYSE:CPT - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 EPS 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, sell-side analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.20 annualized dividend and a yield of 3.50%. This is a boost from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's dividend payout ratio is currently 274.67%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of 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. Evercore ISI boosted 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 report on Monday, February 10th. StockNews.com downgraded shares of Camden Property Trust from a "hold" rating to a "sell" rating in a research report on Thursday. Barclays upped their target price on shares of Camden Property Trust from $126.00 to $130.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a "neutral" rating to an "underweight" rating and reduced their target price for the stock from $129.00 to $128.00 in a research report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $126.53.

Camden Property Trust 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.