Camden Property Trust (NYSE:CPT) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lessened its stake in shares of Camden Property Trust (NYSE:CPT) by 20.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,658 shares of the real estate investment trust’s stock after selling 4,408 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Camden Property Trust were worth $1,927,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Camden Property Trust by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust’s stock worth $1,701,521,000 after acquiring an additional 289,425 shares during the period. Victory Capital Management Inc. increased its stake in Camden Property Trust by 5.0% during the 2nd quarter. Victory Capital Management Inc. now owns 4,314,030 shares of the real estate investment trust’s stock worth $470,704,000 after buying an additional 206,654 shares during the period. Norges Bank acquired a new position in Camden Property Trust in the 4th quarter worth $376,933,000. Centersquare Investment Management LLC boosted its position in Camden Property Trust by 64.2% in the 1st quarter. Centersquare Investment Management LLC now owns 2,296,741 shares of the real estate investment trust’s stock valued at $228,939,000 after buying an additional 898,398 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Camden Property Trust by 0.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,472,881 shares of the real estate investment trust’s stock valued at $144,933,000 after acquiring an additional 7,722 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Wall Street Analysts Forecast Growth

CPT has been the subject of a number of analyst reports. 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 report on Thursday, May 30th. Evercore ISI raised their price target on shares of Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a research report on Monday. UBS Group upped their price target on shares of Camden Property Trust from $109.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. Bank of America raised shares of Camden Property Trust from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $111.00 to $147.00 in a report on Monday, August 12th. Finally, Wedbush upped their target price on shares of Camden Property Trust from $118.00 to $131.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Fourteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $121.69.

Camden Property Trust Stock Down 0.8 %

Camden Property Trust stock opened at $123.99 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.37 and a current ratio of 0.37. Camden Property Trust has a one year low of $82.81 and a one year high of $127.23. The company has a 50-day simple moving average of $118.03 and a 200-day simple moving average of $107.96. The firm has a market capitalization of $13.21 billion, a P/E ratio of 30.39, a P/E/G ratio of 4.60 and a beta of 0.90.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.27). The firm had revenue of $387.15 million during the quarter, compared to analyst estimates of $384.76 million. Camden Property Trust had a net margin of 25.64% and a return on equity of 7.98%. During the same quarter in the previous year, the business posted $1.70 EPS. As a group, equities analysts expect that Camden Property Trust will post 6.77 earnings per share for the current year.

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.