Camden Property Trust (NYSE:CPT) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its position in Camden Property Trust (NYSE:CPT) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,899 shares of the real estate investment trust’s stock after selling 513 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Camden Property Trust were worth $1,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CPT. Parkside Financial Bank & Trust increased its holdings in shares of Camden Property Trust by 60.8% in the third quarter. Parkside Financial Bank & Trust now owns 381 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 144 shares during the period. Tobam raised its position in Camden Property Trust by 4,166.7% during the 4th quarter. Tobam now owns 384 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 375 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Camden Property Trust by 23.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 119 shares during the last quarter. Quarry LP lifted its stake in Camden Property Trust by 1,081.5% during the 4th quarter. Quarry LP now owns 638 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 584 shares during the period. Finally, Federated Hermes Inc. purchased a new stake in shares of Camden Property Trust in the 3rd quarter valued at $69,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CPT. Wedbush boosted their target price on shares of Camden Property Trust from $110.00 to $118.00 and gave the company an “outperform” rating in a research report on Monday, May 6th. UBS Group upped their target price on Camden Property Trust from $105.00 to $109.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 14th. Mizuho reduced their price target on Camden Property Trust from $111.00 to $108.00 and set a “buy” rating for the company in a research report on Thursday, May 30th. Piper Sandler upgraded Camden Property Trust from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $90.00 to $110.00 in a research report on Monday, May 6th. Finally, Truist Financial raised their price objective on shares of Camden Property Trust from $113.00 to $114.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $106.86.

Camden Property Trust Stock Performance

Shares of NYSE:CPT opened at $109.70 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.43 and a quick ratio of 0.43. The business’s 50 day moving average price is $103.74 and its 200-day moving average price is $99.48. The firm has a market capitalization of $11.69 billion, a PE ratio of 26.89, a P/E/G ratio of 4.28 and a beta of 0.86. Camden Property Trust has a 1 year low of $82.81 and a 1 year high of $114.04.

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend is Friday, June 28th. Camden Property Trust’s payout ratio is 100.98%.

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 58,634 apartment homes across the United States.