Camden Property Trust $CPT Stock Acquired by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lifted its stake in shares of Camden Property Trust (NYSE:CPT) by 1,084.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,886 shares of the real estate investment trust’s stock after buying an additional 56,662 shares during the period. Maryland State Retirement & Pension System owned approximately 0.06% of Camden Property Trust worth $5,986,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Joel Isaacson & Co. LLC grew its stake in Camden Property Trust by 10.9% during 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 last quarter. Jacobi Capital Management LLC purchased a new position in shares of Camden Property Trust in the third quarter worth about $1,217,000. Silver Grove Financial Group Inc. raised its stake in shares of Camden Property Trust by 3,120.0% in the third quarter. Silver Grove Financial Group Inc. now owns 966 shares of the real estate investment trust’s stock worth $93,000 after purchasing an additional 936 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new stake in shares of Camden Property Trust during the third quarter worth about $1,004,000. Finally, Knights of Columbus Asset Advisors LLC lifted its holdings in shares of Camden Property Trust by 681.1% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 128,628 shares of the real estate investment trust’s stock worth $12,442,000 after purchasing an additional 112,160 shares during the period. 97.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CPT shares. Piper Sandler cut their price target on shares of Camden Property Trust from $119.00 to $102.00 and set a “neutral” rating on the stock in a report on Monday, October 12th. Barclays decreased their price objective on shares of Camden Property Trust from $123.00 to $114.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 14th. Mizuho decreased their price objective on shares of Camden Property Trust from $125.00 to $116.00 and set an “outperform” rating for the company in a research note on Tuesday, September 8th. UBS Group upped their price objective on shares of Camden Property Trust from $101.00 to $107.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Wells Fargo & Company reduced their target price on shares of Camden Property Trust from $110.00 to $103.00 and set an “equal weight” rating for the company in a report on Monday, October 19th. Two analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $108.73.

Camden Property Trust Stock Down 0.7%

Camden Property Trust stock opened at $98.41 on Friday. The firm has a market cap of $9.85 billion, a price-to-earnings ratio of 9.17, a price-to-earnings-growth ratio of 10.55 and a beta of 0.75. Camden Property Trust has a 52 week low of $95.30 and a 52 week high of $119.81. The business’s 50-day moving average price is $100.02 and its 200 day moving average price is $105.67. The company has a quick ratio of 0.18, a current ratio of 1.82 and a debt-to-equity ratio of 0.91.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, November 5th. The real estate investment trust reported $1.71 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $381.06 million during the quarter, compared to analysts’ expectations of $384.88 million. During the same period last year, the business earned $1.70 earnings per share. Camden Property Trust’s quarterly revenue was down 3.7% on a year-over-year basis. 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 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 issued a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Wednesday, September 30th. Camden Property Trust’s payout ratio is 39.52%.

Camden Property Trust Company 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.