Illinois Municipal Retirement Fund Raises Holdings in Camden Property Trust (NYSE:CPT)

Illinois Municipal Retirement Fund boosted its stake in shares of Camden Property Trust (NYSE:CPT) by 59.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,831 shares of the real estate investment trust’s stock after acquiring an additional 7,018 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Camden Property Trust were worth $1,853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Public Sector Pension Investment Board increased its position in Camden Property Trust by 6.1% during the 3rd quarter. Public Sector Pension Investment Board now owns 21,760 shares of the real estate investment trust’s stock valued at $2,058,000 after buying an additional 1,246 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in Camden Property Trust by 0.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 196,908 shares of the real estate investment trust’s stock valued at $18,624,000 after buying an additional 1,761 shares in the last quarter. Nordea Investment Management AB increased its position in Camden Property Trust by 8.7% during the 4th quarter. Nordea Investment Management AB now owns 61,057 shares of the real estate investment trust’s stock valued at $6,084,000 after buying an additional 4,885 shares in the last quarter. Aurora Investment Managers LLC. increased its position in Camden Property Trust by 4.8% during the 4th quarter. Aurora Investment Managers LLC. now owns 21,835 shares of the real estate investment trust’s stock valued at $2,168,000 after buying an additional 1,000 shares in the last quarter. Finally, Handelsinvest Investeringsforvaltning bought a new position in Camden Property Trust during the 4th quarter valued at approximately $381,000. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on CPT. StockNews.com upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. Wells Fargo & Company upped their price objective on Camden Property Trust from $92.00 to $104.00 and gave the stock an “underweight” rating in a research note on Friday, May 31st. Scotiabank upped their price objective on Camden Property Trust from $104.00 to $108.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 14th. UBS Group raised their price objective on Camden Property Trust from $105.00 to $109.00 and gave the company a “neutral” rating in a research note on Tuesday, May 14th. Finally, Mizuho lowered their price objective on Camden Property Trust from $111.00 to $108.00 and set a “buy” rating for the company in a research note on Thursday, May 30th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $107.31.

Camden Property Trust Price Performance

Shares of Camden Property Trust stock traded down $0.54 on Friday, hitting $108.65. 742,939 shares of the company were exchanged, compared to its average volume of 613,562. The stock has a market capitalization of $11.58 billion, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 4.25 and a beta of 0.88. The company has a 50-day moving average price of $106.86 and a 200 day moving average price of $100.69. Camden Property Trust has a 1-year low of $82.81 and a 1-year high of $114.04. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.71.

Camden Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Friday, June 28th will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend is Friday, June 28th. Camden Property Trust’s dividend payout ratio is presently 100.98%.

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 58,634 apartment homes across the United States.