Public Employees Retirement System of Ohio Lowers Stock Holdings in Camden Property Trust (NYSE:CPT)

Public Employees Retirement System of Ohio lowered its stake in Camden Property Trust (NYSE:CPT - Free Report) by 1.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 190,512 shares of the real estate investment trust's stock after selling 2,242 shares during the period. Public Employees Retirement System of Ohio owned 0.18% of Camden Property Trust worth $22,107,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the stock. UMB Bank n.a. boosted its stake in shares of Camden Property Trust by 76.6% in the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock worth $26,000 after buying an additional 98 shares during the last quarter. National Pension Service bought a new position in Camden Property Trust in the 4th quarter worth $26,000. Quent Capital LLC lifted its position in Camden Property Trust by 87.0% during the fourth 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 in the last quarter. IAG Wealth Partners LLC bought a new stake in Camden Property Trust during the fourth quarter valued at about $29,000. Finally, Bellwether Advisors LLC bought a new position in shares of Camden Property Trust during the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 97.22% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CPT shares. Truist Financial set a $131.00 price target on shares of Camden Property Trust and gave the stock a "buy" rating in a research report on Monday, May 19th. Jefferies Financial Group raised shares of Camden Property Trust from a "hold" rating to a "buy" rating and upped their target price for the stock from $117.00 to $139.00 in a report on Monday, March 10th. Royal Bank of Canada raised their price target on Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a report on Monday, February 10th. Evercore ISI upped their price objective on 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. Finally, Barclays lifted their target price on Camden Property Trust from $127.00 to $136.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $129.78.

Insider Buying and Selling

In related news, CEO Richard J. Campo sold 5,572 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $119.50, for a total transaction of $665,854.00. Following the completion of the transaction, the chief executive officer now owns 289,720 shares of the company's stock, valued at $34,621,540. This trade represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven A. Webster sold 1,200 shares of the stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $118.76, for a total value of $142,512.00. Following the sale, the director now directly owns 117,374 shares in the company, valued at $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. Insiders sold a total of 6,907 shares of company stock worth $824,860 in the last 90 days. 1.80% of the stock is owned by corporate insiders.

Camden Property Trust Stock Down 0.2%

NYSE CPT traded down $0.20 during trading on Friday, reaching $116.72. 174,933 shares of the company's stock traded hands, compared to its average volume of 917,014. Camden Property Trust has a 12-month low of $100.06 and a 12-month high of $127.69. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The firm has a market cap of $12.47 billion, a price-to-earnings ratio of 77.83, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. The company's 50 day simple moving average is $115.37 and its two-hundred day simple moving average is $117.26.

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

Camden Property Trust Company Profile

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.