Teachers Retirement System of The State of Kentucky Has $984,000 Stock Position in Camden Property Trust (NYSE:CPT)

Teachers Retirement System of The State of Kentucky reduced its holdings in shares of Camden Property Trust (NYSE:CPT) by 26.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,966 shares of the real estate investment trust’s stock after selling 2,875 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Camden Property Trust were worth $984,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Kings Path Partners LLC bought a new position in shares of Camden Property Trust in the second quarter worth about $33,000. Federated Hermes Inc. acquired a new position in Camden Property Trust during the 2nd quarter worth approximately $33,000. Neo Ivy Capital Management bought a new position in Camden Property Trust in the 3rd quarter valued at approximately $38,000. Family Firm Inc. acquired a new stake in Camden Property Trust in the second quarter valued at approximately $39,000. Finally, American Capital Advisory LLC grew its stake in shares of Camden Property Trust by 42.7% during the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 128 shares during the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Trading Down 4.4 %

NYSE CPT opened at $113.35 on Thursday. The stock has a market capitalization of $12.09 billion, a P/E ratio of 35.87, a P/E/G ratio of 4.40 and a beta of 0.92. The business has a 50 day simple moving average of $120.59 and a 200 day simple moving average of $117.75. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. Camden Property Trust has a one year low of $90.50 and a one year high of $127.69.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Wednesday, December 18th. Camden Property Trust’s dividend payout ratio (DPR) is 130.38%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CPT. Piper Sandler increased their price target on Camden Property Trust from $110.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Truist Financial increased their target price on Camden Property Trust from $122.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, August 26th. The Goldman Sachs Group began coverage on Camden Property Trust in a report on Wednesday, September 4th. They set a “neutral” rating and a $139.00 price target on the stock. Wells Fargo & Company upgraded shares of Camden Property Trust from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $104.00 to $127.00 in a report on Monday, August 26th. Finally, Royal Bank of Canada reduced their target price on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating on the stock in a report on Monday, November 4th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $125.81.

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 58,250 apartment homes across the United States.