Teacher Retirement System of Texas Has $4.57 Million Stock Position in Camden Property Trust (NYSE:CPT)

Teacher Retirement System of Texas grew its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 81.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,346 shares of the real estate investment trust's stock after buying an additional 16,755 shares during the quarter. Teacher Retirement System of Texas' holdings in Camden Property Trust were worth $4,567,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Camden Property Trust by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 17,250,406 shares of the real estate investment trust's stock worth $2,001,737,000 after acquiring an additional 125,287 shares in the last quarter. Invesco Ltd. boosted its position in shares of Camden Property Trust by 17.3% during the 4th quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust's stock valued at $344,432,000 after purchasing an additional 438,685 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Camden Property Trust by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 2,816,260 shares of the real estate investment trust's stock valued at $326,032,000 after purchasing an additional 76,429 shares in the last quarter. Centersquare Investment Management LLC increased its holdings in shares of Camden Property Trust by 15.9% in the fourth quarter. Centersquare Investment Management LLC now owns 2,522,398 shares of the real estate investment trust's stock valued at $292,699,000 after buying an additional 345,331 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Camden Property Trust by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 2,078,944 shares of the real estate investment trust's stock valued at $241,241,000 after buying an additional 104,102 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Camden Property Trust

In other news, Director Steven A. Webster sold 1,200 shares of the company's stock in a transaction that occurred on 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 directly owned 117,374 shares in the company, valued at approximately $13,939,336.24. This represents a 1.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Richard J. Campo sold 5,572 shares of the 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 completion of the transaction, the chief executive officer directly owned 289,720 shares of the company's stock, valued at approximately $34,621,540. The trade was a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Mizuho dropped their price target on Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating on the stock in a report on Friday, May 23rd. Truist Financial set a $131.00 price target on shares of Camden Property Trust and gave the company a "buy" rating in a report on Monday, May 19th. Wall Street Zen cut shares of Camden Property Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Barclays upped their price objective on shares of Camden Property Trust from $127.00 to $136.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Finally, Citigroup raised shares of Camden Property Trust from a "neutral" rating to a "buy" rating and lifted their price target for the company from $125.00 to $138.00 in a research report on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Camden Property Trust has an average rating of "Hold" and a consensus price target of $129.39.

Camden Property Trust Stock Performance

CPT stock traded up $0.35 during trading on Friday, reaching $113.76. 599,372 shares of the stock were exchanged, compared to its average volume of 950,948. Camden Property Trust has a twelve month low of $102.35 and a twelve month high of $127.69. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $12.15 billion, a P/E ratio of 104.37, a price-to-earnings-growth ratio of 3.75 and a beta of 0.77. The stock has a 50 day simple moving average of $116.12 and a 200-day simple moving average of $116.07.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.04. The company had revenue of $390.57 million for the quarter, compared to analyst estimates of $388.47 million. Camden Property Trust had a return on equity of 2.47% and a net margin of 7.62%. Camden Property Trust'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 EPS. As a group, sell-side analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Monday, June 30th. Camden Property Trust's payout ratio is 385.32%.

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.