Maryland State Retirement & Pension System Sells 387 Shares of Camden Property Trust (NYSE:CPT)

Maryland State Retirement & Pension System lessened its position in shares of Camden Property Trust (NYSE:CPT) by 6.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,524 shares of the real estate investment trust’s stock after selling 387 shares during the period. Maryland State Retirement & Pension System’s holdings in Camden Property Trust were worth $641,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in shares of Camden Property Trust by 86.9% in the third 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 purchasing an additional 918,078 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in 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 buying an additional 790,974 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in 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 valued at $158,028,000 after acquiring an additional 630,768 shares in the last quarter. Heitman Real Estate Securities LLC boosted 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 worth $55,501,000 after acquiring an additional 435,495 shares during the last quarter. Finally, FMR LLC grew its stake in shares of 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 worth $407,324,000 after acquiring an additional 416,701 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, CFO Alexander J. Jessett sold 13,067 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $1,496,171.50. Following the transaction, the chief financial officer now owns 124,246 shares in the company, valued at $14,226,167. This trade represents a 9.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Heather J. Brunner sold 264 shares of the company’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $29,055.84. Following the sale, the director now owns 10,273 shares of the company’s stock, valued at approximately $1,130,646.38. The trade was a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,548 shares of company stock valued at $2,912,212 in the last quarter. Company insiders own 1.80% of the company’s stock.

Camden Property Trust Trading Up 2.1 %

Shares of CPT stock opened at $121.69 on Tuesday. Camden Property Trust has a 12-month low of $94.75 and a 12-month high of $127.69. The company has a market capitalization of $12.99 billion, a PE ratio of 81.12, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. The firm has a 50 day moving average price of $117.81 and a two-hundred day moving average price of $119.21. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73.

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

Camden Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.45%. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, March 31st. Camden Property Trust’s dividend payout ratio (DPR) is currently 280.00%.

Analyst Upgrades and Downgrades

CPT has been the topic of a number of research reports. Mizuho cut 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. Truist Financial increased their price objective on shares of Camden Property Trust from $122.00 to $129.00 and gave the stock a “buy” rating in a research note on Monday, March 10th. Scotiabank raised their price objective on Camden Property Trust from $130.00 to $135.00 and gave the company a “sector perform” rating in a report on Friday, February 14th. Jefferies Financial Group upgraded Camden Property Trust from a “hold” rating to a “buy” rating and upped their target price for the stock from $117.00 to $139.00 in a report on Monday, March 10th. Finally, JPMorgan Chase & Co. cut Camden Property Trust from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $129.00 to $128.00 in a research report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock 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.