California State Teachers Retirement System Decreases Stock Position in Camden Property Trust (NYSE:CPT)

California State Teachers Retirement System lessened its stake in shares of Camden Property Trust (NYSE:CPT) by 3.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 144,784 shares of the real estate investment trust’s stock after selling 5,053 shares during the period. California State Teachers Retirement System owned 0.14% of Camden Property Trust worth $14,247,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Camden Property Trust by 16.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 191,374 shares of the real estate investment trust’s stock worth $18,831,000 after acquiring an additional 27,465 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of Camden Property Trust by 3.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 160,309 shares of the real estate investment trust’s stock worth $15,781,000 after buying an additional 5,926 shares in the last quarter. Illinois Municipal Retirement Fund increased its holdings in shares of Camden Property Trust by 59.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 18,831 shares of the real estate investment trust’s stock worth $1,853,000 after buying an additional 7,018 shares during the last quarter. Pinebridge Investments L.P. purchased a new stake in shares of Camden Property Trust during the 4th quarter valued at about $1,374,000. Finally, Twin Capital Management Inc. bought a new position in shares of Camden Property Trust in the 4th quarter valued at about $811,000. 97.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on CPT. Wells Fargo & Company upped their price objective on Camden Property Trust from $92.00 to $104.00 and gave the company an “underweight” rating in a research report on Friday, May 31st. StockNews.com raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Wedbush increased 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 note on Monday, May 6th. Mizuho dropped their price target on shares of Camden Property Trust from $111.00 to $108.00 and set a “buy” rating for the company in a research note on Thursday, May 30th. Finally, Morgan Stanley boosted their price objective on Camden Property Trust from $98.00 to $105.50 and gave the company an “equal weight” rating in a report on Tuesday, May 14th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $107.75.

Camden Property Trust Stock Up 2.5 %

Camden Property Trust stock opened at $117.92 on Friday. Camden Property Trust has a fifty-two week low of $82.81 and a fifty-two week high of $119.58. The company has a market cap of $12.56 billion, a PE ratio of 28.20, a PEG ratio of 4.33 and a beta of 0.88. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.43 and a current ratio of 0.43. The business’s 50-day simple moving average is $108.63 and its two-hundred day simple moving average is $101.98.

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 17th. Investors of record on Friday, June 28th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $4.12 dividend on an annualized basis and a yield of 3.49%. Camden Property Trust’s dividend payout ratio is presently 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.