California State Teachers Retirement System Acquires 6,137 Shares of Camden Property Trust (NYSE:CPT)

California State Teachers Retirement System lifted its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,690 shares of the real estate investment trust's stock after buying an additional 6,137 shares during the quarter. California State Teachers Retirement System owned approximately 0.14% of Camden Property Trust worth $17,950,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. National Pension Service purchased a new stake in Camden Property Trust during the 4th quarter valued at about $26,000. Quent Capital LLC grew its position in Camden Property Trust by 87.0% during the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 114 shares during the last quarter. IAG Wealth Partners LLC purchased a new stake in Camden Property Trust during the 4th quarter valued at about $29,000. Bellwether Advisors LLC purchased a new stake in shares of Camden Property Trust during the 4th quarter valued at about $31,000. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Camden Property Trust by 33.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 531 shares of the real estate investment trust's stock valued at $61,000 after acquiring an additional 132 shares during the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CPT shares. Wall Street Zen downgraded shares of Camden Property Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Mizuho reduced their price objective on shares of Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating on the stock in a research report on Friday, May 23rd. Barclays lifted their price objective on shares of Camden Property Trust from $127.00 to $136.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Stifel Nicolaus lifted their price objective on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. Finally, Evercore ISI lifted their price objective on shares of Camden Property Trust from $118.00 to $127.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $129.78.

Camden Property Trust Price Performance

Shares of NYSE:CPT traded down $0.83 on Tuesday, hitting $117.00. The company had a trading volume of 295,821 shares, compared to its average volume of 915,984. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. Camden Property Trust has a 52-week low of $102.35 and a 52-week high of $127.69. The business has a 50 day moving average of $115.20 and a 200 day moving average of $117.16. The company has a market cap of $12.50 billion, a PE ratio of 78.00, a PEG ratio of 4.41 and a beta of 0.79.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.04. The business had revenue of $390.57 million during the quarter, compared to analyst estimates of $388.47 million. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.70 earnings per share. As a group, equities analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Richard J. Campo sold 5,572 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $119.50, for a total value of $665,854.00. Following the sale, the chief executive officer now directly owns 289,720 shares in the company, valued at $34,621,540. This trade represents a 1.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven A. Webster sold 1,200 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $118.76, for a total value of $142,512.00. Following the completion of the sale, the director now owns 117,374 shares in the company, valued at approximately $13,939,336.24. This represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,907 shares of company stock valued at $824,860. Insiders own 1.80% of the company's stock.

About Camden Property Trust

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 58,250 apartment homes across the United States.