Public Employees Retirement System of Ohio Lowers Holdings in Camden Property Trust (NYSE:CPT)

Public Employees Retirement System of Ohio trimmed its position in Camden Property Trust (NYSE:CPT) by 2.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 192,168 shares of the real estate investment trust’s stock after selling 4,619 shares during the quarter. Public Employees Retirement System of Ohio owned 0.18% of Camden Property Trust worth $18,909,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. William Blair Investment Management LLC raised its position in shares of Camden Property Trust by 3.8% in the 1st quarter. William Blair Investment Management LLC now owns 3,002 shares of the real estate investment trust’s stock worth $295,000 after acquiring an additional 109 shares in the last quarter. IFM Investors Pty Ltd raised its position in shares of Camden Property Trust by 0.7% in the 1st quarter. IFM Investors Pty Ltd now owns 17,866 shares of the real estate investment trust’s stock worth $1,758,000 after acquiring an additional 118 shares in the last quarter. ERn Financial LLC raised its position in shares of Camden Property Trust by 2.0% in the 1st quarter. ERn Financial LLC now owns 6,136 shares of the real estate investment trust’s stock worth $604,000 after acquiring an additional 118 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Camden Property Trust by 23.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 119 shares in the last quarter. Finally, Lindbrook Capital LLC raised its position in shares of Camden Property Trust by 90.4% in the 1st quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 132 shares in the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Stock Up 0.2 %

Shares of CPT opened at $113.67 on Tuesday. Camden Property Trust has a 52 week low of $82.81 and a 52 week high of $115.66. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $12.11 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 4.42 and a beta of 0.88. The stock’s 50-day moving average price is $108.18 and its 200-day moving average price is $101.74.

Camden Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th were paid a $1.03 dividend. The ex-dividend date was Friday, June 28th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.62%. Camden Property Trust’s payout ratio is 100.98%.

Wall Street Analyst Weigh In

CPT has been the subject of several recent research reports. UBS Group boosted their price target on Camden Property Trust from $109.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. Wedbush boosted their price target on Camden Property Trust from $110.00 to $118.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. JPMorgan Chase & Co. upped their target price on Camden Property Trust from $104.00 to $112.00 and gave the company a “neutral” rating in a research report on Monday, June 17th. Wells Fargo & Company upped their target price on Camden Property Trust from $92.00 to $104.00 and gave the company an “underweight” rating in a research report on Friday, May 31st. Finally, Morgan Stanley upped their target price on Camden Property Trust from $98.00 to $105.50 and gave the company an “equal weight” rating in a research report on Tuesday, May 14th. Two equities 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 company’s stock. Based on data from MarketBeat, Camden Property Trust presently has an average rating of “Hold” and a consensus target price of $107.75.

Camden Property Trust Company 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.