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

New Mexico Educational Retirement Board lifted its position in shares of Camden Property Trust (NYSE:CPT) by 878.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 owned about 0.05% of Camden Property Trust worth $4,924,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Maryland State Retirement & Pension System raised its position in shares of Camden Property Trust by 1,084.6% in the 3rd quarter. Maryland State Retirement & Pension System now owns 61,886 shares of the real estate investment trust’s stock worth $5,986,000 after acquiring an additional 56,662 shares in the last quarter. Joel Isaacson & Co. LLC lifted its stake in shares of Camden Property Trust by 10.9% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 2,772 shares of the real estate investment trust’s stock valued at $268,000 after purchasing an additional 272 shares during the period. Jacobi Capital Management LLC bought a new stake in shares of Camden Property Trust during the 3rd quarter valued at about $1,217,000. Silver Grove Financial Group Inc. boosted its position in shares of Camden Property Trust by 3,120.0% during the 3rd quarter. Silver Grove Financial Group Inc. now owns 966 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 936 shares in the last quarter. Finally, Illinois Municipal Retirement Fund bought a new stake in shares of Camden Property Trust during the 3rd quarter valued at about $1,004,000. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Price Performance

CPT stock 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 company’s 50-day moving average is $100.16 and its 200-day moving average is $105.72. The stock has a market capitalization of $9.91 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 10.63 and a beta of 0.75. Camden Property Trust has a 1 year low of $95.30 and a 1 year high of $119.81.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, November 5th. The real estate investment trust reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.02. Camden Property Trust had a return on equity of 26.22% and a net margin of 71.94%. The business had revenue of $381.06 million during the quarter, compared to analyst estimates of $384.88 million. During the same period in the previous year, the company posted $1.70 EPS. The firm’s revenue was down 3.7% compared to the same quarter last year. Equities research analysts expect that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Announces Dividend

The company also recently announced 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. This represents a $4.24 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Wednesday, September 30th. Camden Property Trust’s dividend payout ratio is presently 39.52%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Stifel Nicolaus set a $123.25 target price on Camden Property Trust in a report on Friday, July 31st. Piper Sandler cut their price target on Camden Property Trust from $119.00 to $102.00 and set a “neutral” rating on the stock in a report on Monday, October 12th. Mizuho cut their price target on Camden Property Trust from $125.00 to $116.00 and set an “outperform” rating on the stock in a report on Tuesday, September 8th. Deutsche Bank reiterated a “hold” rating and issued a $114.00 price objective on shares of Camden Property Trust in a research note on Monday, July 20th. Finally, Evercore set a $110.00 target price on shares of Camden Property Trust in a research report on Monday, September 21st. Two investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price 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.