Camden Property Trust $CPT Shares Purchased by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board raised its holdings in Camden Property Trust (NYSE:CPT) by 878.8% during the third quarter, Holdings Channel reports. The institutional investor owned 50,900 shares of the real estate investment trust’s stock after buying an additional 45,700 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Camden Property Trust were worth $4,924,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CPT. Maverick Capital Ltd. increased its position in shares of Camden Property Trust by 1.6% during the first quarter. Maverick Capital Ltd. now owns 1,867,866 shares of the real estate investment trust’s stock worth $182,416,000 after acquiring an additional 30,076 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Camden Property Trust by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,598,671 shares of the real estate investment trust’s stock worth $156,128,000 after acquiring an additional 37,456 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Camden Property Trust by 100.2% in the 1st quarter. Jennison Associates LLC now owns 1,206,854 shares of the real estate investment trust’s stock worth $117,861,000 after acquiring an additional 603,997 shares during the last quarter. Retirement Systems of Alabama lifted its position in Camden Property Trust by 906.2% in the 3rd quarter. Retirement Systems of Alabama now owns 792,717 shares of the real estate investment trust’s stock valued at $76,680,000 after acquiring an additional 713,933 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in Camden Property Trust by 945.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 616,861 shares of the real estate investment trust’s stock valued at $59,669,000 after acquiring an additional 557,850 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Stock Down 0.9%

Shares of NYSE CPT opened at $99.04 on Thursday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.82 and a quick ratio of 0.18. The stock has a market capitalization of $9.91 billion, a PE ratio of 9.23, a P/E/G ratio of 10.63 and a beta of 0.75. Camden Property Trust has a one year low of $95.30 and a one year high of $119.81. The business’s fifty day moving average price is $100.16 and its 200-day moving average price is $105.72.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, November 5th. The real estate investment trust reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.02. The business had revenue of $381.06 million for the quarter, compared to analysts’ expectations of $384.88 million. Camden Property Trust had a return on equity of 26.22% and a net margin of 71.94%. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.70 EPS. On average, equities research analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Wednesday, September 30th were given a dividend of $1.06 per share. The ex-dividend date was Wednesday, September 30th. This represents a $4.24 annualized dividend and a dividend yield of 4.3%. Camden Property Trust’s dividend payout ratio is currently 39.52%.

Wall Street Analyst Weigh In

A number of brokerages have commented on CPT. Mizuho decreased their price objective on Camden Property Trust from $125.00 to $116.00 and set an “outperform” rating for the company in a report on Tuesday, September 8th. Weiss Ratings lowered Camden Property Trust from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 2nd. Morgan Stanley cut their target price on Camden Property Trust from $118.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Cantor Fitzgerald cut their target price on Camden Property Trust from $111.00 to $101.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Stifel Nicolaus set a $123.25 price target on Camden Property Trust in a report on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Camden Property Trust currently has an average rating of “Hold” and a consensus price target of $108.73.

Camden Property Trust Profile

Camden Property Trust is a real estate investment trust that owns, develops, acquires and manages apartment communities. Its residential properties serve renters in markets across the United States, with a focus on major metropolitan areas. Founded in 1982 and headquartered in Houston, Texas, Camden has grown into a multifamily housing operator. Its services include leasing apartments and managing the day-to-day operations of its communities.