Teacher Retirement System of Texas reduced its position in shares of Camden Property Trust (NYSE:CPT) by 31.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 133,151 shares of the real estate investment trust’s stock after selling 60,722 shares during the period. Teacher Retirement System of Texas owned approximately 0.15% of Camden Property Trust worth $11,150,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Investment Counselors of Maryland LLC raised its position in shares of Camden Property Trust by 6.4% in the second quarter. Investment Counselors of Maryland LLC now owns 1,660 shares of the real estate investment trust’s stock worth $147,000 after buying an additional 100 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Camden Property Trust during the second quarter worth $187,000. Bard Associates Inc. bought a new position in shares of Camden Property Trust during the second quarter worth $204,000. Yorktown Management & Research Co Inc bought a new position in shares of Camden Property Trust during the third quarter worth $209,000. Finally, Creative Planning raised its position in shares of Camden Property Trust by 2.8% in the third quarter. Creative Planning now owns 2,584 shares of the real estate investment trust’s stock worth $216,000 after buying an additional 71 shares during the last quarter. Institutional investors and hedge funds own 96.55% of the company’s stock.

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

Shares of Camden Property Trust (NYSE:CPT) traded down 0.38% on Wednesday, hitting $78.96. 418,955 shares of the stock traded hands. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of 8.52 and a beta of 0.43. The stock has a 50 day moving average price of $78.63 and a 200-day moving average price of $84.08. Camden Property Trust has a 52 week low of $69.76 and a 52 week high of $90.91.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, October 27th. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $1.10 by $0.03. The company earned $220.20 million during the quarter, compared to the consensus estimate of $218.51 million. Camden Property Trust had a net margin of 94.44% and a return on equity of 15.12%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 earnings per share. On average, equities research analysts forecast that Camden Property Trust will post $4.62 EPS for the current year.

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CPT has been the subject of a number of recent research reports. Barclays PLC increased their price objective on shares of Camden Property Trust from $92.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, August 12th. Citigroup Inc. reduced their price objective on shares of Camden Property Trust from $88.00 to $84.00 and set a “neutral” rating for the company in a research note on Friday, September 30th. Zacks Investment Research downgraded shares of Camden Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, November 23rd. Robert W. Baird downgraded shares of Camden Property Trust from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $83.00 to $88.00 in a research note on Wednesday, August 10th. Finally, BTIG Research initiated coverage on shares of Camden Property Trust in a research note on Thursday, August 25th. They set a “neutral” rating for the company. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. Camden Property Trust currently has a consensus rating of “Hold” and an average target price of $87.46.

In other news, COO H Malcolm Stewart sold 11,122 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $89.63, for a total transaction of $996,864.86. Following the completion of the sale, the chief operating officer now directly owns 252,526 shares of the company’s stock, valued at $22,633,905.38. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William B. Mcguire sold 2,124 shares of the business’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $81.76, for a total transaction of $173,658.24. Following the sale, the director now directly owns 2,015 shares of the company’s stock, valued at $164,746.40. The disclosure for this sale can be found here. Insiders own 5.00% of the company’s stock.

Camden Property Trust Company 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. The Company operates in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities segment.

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