Camden Property Trust (CPT) Shares Bought by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board increased its stake in Camden Property Trust (NYSE:CPT) by 90.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,900 shares of the real estate investment trust’s stock after acquiring an additional 10,855 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Camden Property Trust were worth $2,108,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Cadence Capital Management LLC increased its stake in Camden Property Trust by 9.7% during the 3rd quarter. Cadence Capital Management LLC now owns 6,310 shares of the real estate investment trust’s stock valued at $577,000 after purchasing an additional 556 shares in the last quarter. ING Groep NV increased its stake in Camden Property Trust by 6.2% during the 3rd quarter. ING Groep NV now owns 11,319 shares of the real estate investment trust’s stock valued at $1,035,000 after purchasing an additional 658 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Camden Property Trust by 5.4% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,482 shares of the real estate investment trust’s stock valued at $1,233,000 after purchasing an additional 691 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in Camden Property Trust by 4.9% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 14,908 shares of the real estate investment trust’s stock valued at $1,363,000 after purchasing an additional 700 shares in the last quarter. Finally, Perigon Wealth Management LLC increased its stake in Camden Property Trust by 59.3% during the 2nd quarter. Perigon Wealth Management LLC now owns 2,150 shares of the real estate investment trust’s stock valued at $185,000 after purchasing an additional 800 shares in the last quarter. Institutional investors and hedge funds own 93.03% of the company’s stock.

Camden Property Trust (CPT) opened at $83.36 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.94 and a current ratio of 2.24. The stock has a market cap of $8,032.67, a price-to-earnings ratio of 39.70, a price-to-earnings-growth ratio of 2.85 and a beta of 0.34. Camden Property Trust has a fifty-two week low of $78.38 and a fifty-two week high of $96.39.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, February 1st. The real estate investment trust reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.18 by ($0.27). The firm had revenue of $229.80 million for the quarter, compared to analysts’ expectations of $228.99 million. Camden Property Trust had a return on equity of 6.01% and a net margin of 21.80%. Camden Property Trust’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.15 earnings per share. sell-side analysts anticipate that Camden Property Trust will post 4.74 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 17th. Shareholders of record on Friday, March 30th will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.69%. This is an increase from Camden Property Trust’s previous quarterly dividend of $0.75. The ex-dividend date is Wednesday, March 28th. Camden Property Trust’s payout ratio is currently 142.86%.

CPT has been the subject of a number of recent research reports. Mizuho restated a “hold” rating and set a $94.00 price target on shares of Camden Property Trust in a research note on Monday, November 6th. BMO Capital Markets restated a “buy” rating and set a $97.00 price target on shares of Camden Property Trust in a research note on Monday, November 27th. JPMorgan Chase & Co. upgraded shares of Camden Property Trust from a “neutral” rating to an “overweight” rating and set a $100.00 price target for the company in a research note on Friday, December 15th. Robert W. Baird restated a “hold” rating and set a $93.00 price target on shares of Camden Property Trust in a research note on Tuesday, January 9th. Finally, Zacks Investment Research lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. Camden Property Trust presently has a consensus rating of “Hold” and a consensus target price of $91.27.

In other Camden Property Trust news, President D Keith Oden sold 55,682 shares of Camden Property Trust stock in a transaction on Monday, December 11th. The shares were sold at an average price of $92.27, for a total transaction of $5,137,778.14. Following the transaction, the president now directly owns 364,771 shares of the company’s stock, valued at approximately $33,657,420.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kelvin R. Westbrook sold 425 shares of Camden Property Trust stock in a transaction on Friday, January 5th. The stock was sold at an average price of $88.42, for a total transaction of $37,578.50. Following the transaction, the director now directly owns 20,477 shares in the company, valued at $1,810,576.34. The disclosure for this sale can be found here. Insiders have sold a total of 125,918 shares of company stock worth $11,599,316 over the last ninety days. Insiders own 4.70% of the company’s stock.

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About Camden Property Trust

Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. As of December 31, 2016, the Company owned interests in, operated, or were developing 159 multifamily properties, which consisted of 55,366 apartment homes across the United States.

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Institutional Ownership by Quarter for Camden Property Trust (NYSE:CPT)

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