Kentucky Retirement Systems Sells 434 Shares of Camden Property Trust (NYSE:CPT)

Kentucky Retirement Systems lowered its stake in shares of Camden Property Trust (NYSE:CPT) by 5.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,109 shares of the real estate investment trust’s stock after selling 434 shares during the period. Kentucky Retirement Systems’ holdings in Camden Property Trust were worth $798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Camden Property Trust by 1.7% in the first quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust’s stock valued at $1,701,521,000 after purchasing an additional 289,425 shares in the last quarter. Norges Bank purchased a new position in Camden Property Trust during the fourth quarter worth $376,933,000. Victory Capital Management Inc. boosted its stake in Camden Property Trust by 2.4% during the fourth quarter. Victory Capital Management Inc. now owns 3,686,395 shares of the real estate investment trust’s stock worth $366,022,000 after buying an additional 87,337 shares during the period. Centersquare Investment Management LLC boosted its stake in Camden Property Trust by 64.2% during the first quarter. Centersquare Investment Management LLC now owns 2,296,741 shares of the real estate investment trust’s stock worth $228,939,000 after buying an additional 898,398 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Camden Property Trust by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,547,287 shares of the real estate investment trust’s stock worth $153,633,000 after buying an additional 16,389 shares during the period. Institutional investors own 97.22% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Royal Bank of Canada lifted their price objective on shares of Camden Property Trust from $107.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, May 6th. Wells Fargo & Company lifted their price objective on shares of Camden Property Trust from $92.00 to $104.00 and gave the stock an “underweight” rating in a research note on Friday, May 31st. Wedbush boosted their target price on shares of Camden Property Trust from $110.00 to $118.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. UBS Group boosted their target price on shares of Camden Property Trust from $109.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th. Finally, StockNews.com raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $107.75.

Camden Property Trust Price Performance

Camden Property Trust stock remained flat at $113.01 during trading hours on Monday. 280,053 shares of the company’s stock were exchanged, compared to its average volume of 967,966. The company has a market capitalization of $12.04 billion, a P/E ratio of 27.63, a price-to-earnings-growth ratio of 4.42 and a beta of 0.88. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.71. The stock has a 50 day moving average of $108.03 and a 200 day moving average of $101.64. Camden Property Trust has a fifty-two week low of $82.81 and a fifty-two week high of $115.66.

Camden Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 17th. Shareholders of record on Friday, June 28th were issued a $1.03 dividend. The ex-dividend date was Friday, June 28th. This represents a $4.12 dividend on an annualized basis and a yield of 3.65%. Camden Property Trust’s dividend payout ratio is presently 100.98%.

Camden Property Trust 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 58,634 apartment homes across the United States.