New York State Common Retirement Fund decreased its position in shares of Camden Property Trust (NYSE:CPT – Get Rating) by 2.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 93,450 shares of the real estate investment trust’s stock after selling 2,282 shares during the period. New York State Common Retirement Fund owned about 0.09% of Camden Property Trust worth $15,531,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank bought a new position in Camden Property Trust in the fourth quarter valued at approximately $409,197,000. Daiwa Securities Group Inc. boosted its position in Camden Property Trust by 2,916.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 1,130,502 shares of the real estate investment trust’s stock worth $187,889,000 after acquiring an additional 1,093,029 shares during the last quarter. BlackRock Inc. boosted its position in Camden Property Trust by 6.5% during the 4th quarter. BlackRock Inc. now owns 12,700,923 shares of the real estate investment trust’s stock worth $2,269,400,000 after acquiring an additional 775,072 shares during the last quarter. State Street Corp boosted its holdings in shares of Camden Property Trust by 8.3% in the 4th quarter. State Street Corp now owns 5,525,832 shares of the real estate investment trust’s stock valued at $991,775,000 after buying an additional 421,801 shares during the last quarter. Finally, American Century Companies Inc. acquired a new stake in shares of Camden Property Trust in the 4th quarter valued at approximately $69,018,000. Institutional investors and hedge funds own 92.35% of the company’s stock.
Camden Property Trust Price Performance
CPT opened at $137.28 on Friday. Camden Property Trust has a fifty-two week low of $125.17 and a fifty-two week high of $180.37. The firm has a 50-day moving average of $135.19 and a 200 day moving average of $151.61. The company has a debt-to-equity ratio of 0.72, a quick ratio of 5.55 and a current ratio of 0.33. The firm has a market cap of $14.62 billion, a P/E ratio of 18.04, a PEG ratio of 3.78 and a beta of 0.76.
Camden Property Trust Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date was Wednesday, June 29th. Camden Property Trust’s dividend payout ratio is currently 49.41%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on CPT shares. The Goldman Sachs Group cut Camden Property Trust from a “buy” rating to a “neutral” rating and dropped their price target for the company from $172.00 to $158.00 in a research note on Tuesday, May 17th. Scotiabank lowered their price objective on Camden Property Trust from $179.00 to $171.00 in a research report on Thursday, May 19th. Royal Bank of Canada raised their price target on Camden Property Trust from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Monday, August 1st. Robert W. Baird decreased their price target on Camden Property Trust from $175.00 to $153.00 and set an “outperform” rating on the stock in a research report on Friday, June 24th. Finally, Mizuho dropped their target price on shares of Camden Property Trust from $170.00 to $142.00 and set a “neutral” rating for the company in a report on Monday, June 27th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $166.42.
Camden Property Trust Company Profile
Camden Property Trust, an S&P 400 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 167 properties containing 56,850 apartment homes across the United States.
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