Kentucky Retirement Systems Sells 599 Shares of Camden Property Trust (NYSE:CPT)

Kentucky Retirement Systems cut its holdings in Camden Property Trust (NYSE:CPT) by 7.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,429 shares of the real estate investment trust’s stock after selling 599 shares during the quarter. Kentucky Retirement Systems’ holdings in Camden Property Trust were worth $918,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CPT. Duquesne Family Office LLC bought a new position in Camden Property Trust in the second quarter valued at approximately $63,056,000. Robeco Institutional Asset Management B.V. boosted its stake in Camden Property Trust by 4,254.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 341,810 shares of the real estate investment trust’s stock valued at $42,224,000 after acquiring an additional 333,961 shares during the last quarter. American Century Companies Inc. boosted its stake in Camden Property Trust by 690.1% in the second quarter. American Century Companies Inc. now owns 248,533 shares of the real estate investment trust’s stock valued at $27,117,000 after acquiring an additional 217,076 shares during the last quarter. Empyrean Capital Partners LP bought a new position in shares of Camden Property Trust during the second quarter worth $22,913,000. Finally, Victory Capital Management Inc. boosted its position in shares of Camden Property Trust by 5.0% during the second quarter. Victory Capital Management Inc. now owns 4,314,030 shares of the real estate investment trust’s stock worth $470,704,000 after purchasing an additional 206,654 shares in the last quarter. 97.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

CPT has been the topic of a number of recent analyst reports. Piper Sandler lifted their price target on shares of Camden Property Trust from $110.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Truist Financial lifted their price target on shares of Camden Property Trust from $122.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Bank of America raised shares of Camden Property Trust from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $111.00 to $147.00 in a research report on Monday, August 12th. BNP Paribas initiated coverage on shares of Camden Property Trust in a research report on Wednesday, September 11th. They set a “neutral” rating and a $129.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their price target on shares of Camden Property Trust from $112.00 to $129.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $122.50.

Camden Property Trust Stock Up 1.2 %

Shares of CPT stock opened at $121.28 on Wednesday. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. Camden Property Trust has a 1 year low of $86.50 and a 1 year high of $127.69. The firm’s fifty day moving average price is $121.04 and its two-hundred day moving average price is $115.25. The firm has a market capitalization of $12.94 billion, a P/E ratio of 38.38, a PEG ratio of 4.36 and a beta of 0.91.

Camden Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date was Monday, September 30th. Camden Property Trust’s dividend payout ratio (DPR) is presently 130.38%.

About Camden Property Trust

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.