Teacher Retirement System of Texas lifted its position in Camden Property Trust (NYSE:CPT) by 128.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 149,231 shares of the real estate investment trust’s stock after acquiring an additional 83,866 shares during the period. Teacher Retirement System of Texas’ holdings in Camden Property Trust were worth $13,738,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CPT. Cohen & Steers Inc. bought a new position in Camden Property Trust during the third quarter valued at approximately $193,833,000. Bank of New York Mellon Corp lifted its position in Camden Property Trust by 93.7% during the third quarter. Bank of New York Mellon Corp now owns 2,365,047 shares of the real estate investment trust’s stock valued at $216,282,000 after purchasing an additional 1,144,162 shares during the period. JPMorgan Chase & Co. lifted its position in Camden Property Trust by 27.2% during the third quarter. JPMorgan Chase & Co. now owns 3,636,486 shares of the real estate investment trust’s stock valued at $332,848,000 after purchasing an additional 778,543 shares during the period. American Century Companies Inc. bought a new position in Camden Property Trust during the third quarter valued at approximately $65,671,000. Finally, Barings LLC bought a new position in Camden Property Trust during the third quarter valued at approximately $51,308,000. Hedge funds and other institutional investors own 93.03% of the company’s stock.

Shares of Camden Property Trust (NYSE CPT) opened at $80.75 on Monday. Camden Property Trust has a twelve month low of $78.38 and a twelve month high of $96.39. The company has a market cap of $7,840.42, a P/E ratio of 17.83, a price-to-earnings-growth ratio of 3.13 and a beta of 0.34. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.63.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, February 1st. The real estate investment trust reported $0.91 EPS for the quarter, missing the Zacks’ consensus estimate of $1.18 by ($0.27). Camden Property Trust had a net margin of 21.80% and a return on equity of 6.01%. The business had revenue of $229.80 million for the quarter, compared to analysts’ expectations of $228.99 million. During the same period in the prior year, the company posted $1.15 earnings per share. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. equities research analysts predict that Camden Property Trust will post 4.76 EPS for the current year.

The firm also recently announced 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 is a boost from Camden Property Trust’s previous quarterly dividend of $0.75. This represents a $3.08 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date is Wednesday, March 28th. Camden Property Trust’s dividend payout ratio is currently 142.86%.

CPT has been the topic of a number of research analyst reports. BMO Capital Markets set a $96.00 price objective on shares of Camden Property Trust and gave the company a “buy” rating in a research report on Wednesday, January 24th. Zacks Investment Research upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, January 24th. SunTrust Banks set a $89.00 price objective on shares of Camden Property Trust and gave the company a “hold” rating in a research report on Monday, January 22nd. Mizuho restated a “hold” rating and set a $94.00 price objective on shares of Camden Property Trust in a research report on Monday, November 6th. Finally, Stifel Nicolaus restated a “buy” rating and set a $94.00 price objective on shares of Camden Property Trust in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $91.60.

In other Camden Property Trust news, Chairman Richard J. Campo sold 379 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $94.44, for a total transaction of $35,792.76. Following the completion of the sale, the chairman now directly owns 338,519 shares of the company’s stock, valued at $31,969,734.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Richard J. Campo sold 52,247 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $92.27, for a total transaction of $4,820,830.69. Following the sale, the chairman now directly owns 344,201 shares of the company’s stock, valued at $31,759,426.27. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 126,297 shares of company stock valued at $11,635,108. 4.70% of the stock is owned by corporate insiders.

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Camden Property Trust Profile

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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