Teacher Retirement System of Texas Invests $5.14 Million in Camden Property Trust (CPT)

Teacher Retirement System of Texas acquired a new stake in Camden Property Trust (NYSE:CPT) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 50,640 shares of the real estate investment trust’s stock, valued at approximately $5,140,000.

Other institutional investors also recently bought and sold shares of the company. Rehmann Capital Advisory Group boosted its holdings in Camden Property Trust by 71.7% during the fourth quarter. Rehmann Capital Advisory Group now owns 297 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 124 shares in the last quarter. Lavaca Capital LLC bought a new stake in Camden Property Trust during the fourth quarter worth approximately $27,000. First Interstate Bank bought a new stake in Camden Property Trust during the fourth quarter worth approximately $47,000. We Are One Seven LLC bought a new stake in Camden Property Trust during the fourth quarter worth approximately $62,000. Finally, Fort L.P. bought a new stake in Camden Property Trust during the fourth quarter worth approximately $93,000. Institutional investors and hedge funds own 91.20% of the company’s stock.

Shares of NYSE:CPT traded down $0.48 during mid-day trading on Monday, hitting $102.46. The stock had a trading volume of 2,864 shares, compared to its average volume of 354,174. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.21 and a current ratio of 0.21. The company has a market cap of $9.95 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 3.14 and a beta of 0.53. Camden Property Trust has a 12-month low of $82.60 and a 12-month high of $104.16.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $1.22 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.22. The business had revenue of $248.57 million during the quarter, compared to the consensus estimate of $246.50 million. Camden Property Trust had a net margin of 15.98% and a return on equity of 4.45%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.15 EPS. On average, equities analysts predict that Camden Property Trust will post 5.06 earnings per share for the current year.

A number of brokerages recently weighed in on CPT. Barclays restated a “buy” rating and set a $108.00 target price on shares of Camden Property Trust in a report on Tuesday, April 16th. Zacks Investment Research upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Thursday, January 31st. Sandler O’Neill cut shares of Camden Property Trust from a “buy” rating to a “hold” rating in a report on Friday, April 5th. KeyCorp raised their target price on shares of Camden Property Trust from $98.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Finally, Mizuho upgraded shares of Camden Property Trust from a “neutral” rating to a “buy” rating and set a $103.00 target price for the company in a report on Wednesday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Camden Property Trust currently has a consensus rating of “Buy” and an average target price of $99.94.

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Camden Property Trust Profile

Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 161 properties containing 55,160 apartment homes across the United States.

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Institutional Ownership by Quarter for Camden Property Trust (NYSE:CPT)

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