Teacher Retirement System of Texas decreased its position in shares of Camden Property Trust (NYSE:CPT) by 31.3% during the third quarter, Holdings Channel reports. The fund owned 133,151 shares of the real estate investment trust’s stock after selling 60,722 shares during the period. Teacher Retirement System of Texas’ holdings in Camden Property Trust were worth $11,150,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CPT. Oakbrook Investments LLC raised its stake in Camden Property Trust by 10.2% in the second quarter. Oakbrook Investments LLC now owns 4,308 shares of the real estate investment trust’s stock worth $381,000 after buying an additional 400 shares during the period. Shinko Asset Management Co. Ltd. raised its stake in Camden Property Trust by 13.8% in the second quarter. Shinko Asset Management Co. Ltd. now owns 2,521,874 shares of the real estate investment trust’s stock worth $222,984,000 after buying an additional 305,303 shares during the period. LS Investment Advisors LLC raised its stake in Camden Property Trust by 21.2% in the second quarter. LS Investment Advisors LLC now owns 10,136 shares of the real estate investment trust’s stock worth $896,000 after buying an additional 1,773 shares during the period. Eagle Asset Management Inc. raised its stake in Camden Property Trust by 3.1% in the second quarter. Eagle Asset Management Inc. now owns 990,060 shares of the real estate investment trust’s stock worth $87,541,000 after buying an additional 29,318 shares during the period. Finally, Capstone Asset Management Co. raised its stake in Camden Property Trust by 9.6% in the second quarter. Capstone Asset Management Co. now owns 8,005 shares of the real estate investment trust’s stock worth $708,000 after buying an additional 700 shares during the period. Institutional investors own 96.55% of the company’s stock.

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

Shares of Camden Property Trust (NYSE:CPT) traded down 0.38% during midday trading on Wednesday, reaching $78.96. 418,955 shares of the company’s stock traded hands. The company has a 50-day moving average of $78.63 and a 200-day moving average of $84.08. The company has a market capitalization of $6.91 billion, a price-to-earnings ratio of 8.52 and a beta of 0.43. Camden Property Trust has a one year low of $69.76 and a one year high of $90.91.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, October 27th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.03. The firm had revenue of $220.20 million for the quarter, compared to analysts’ expectations of $218.51 million. Camden Property Trust had a net margin of 94.44% and a return on equity of 15.12%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 earnings per share. Equities research analysts anticipate that Camden Property Trust will post $4.62 EPS for the current year.

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A number of research firms recently weighed in on CPT. RBC Capital Markets reaffirmed a “buy” rating on shares of Camden Property Trust in a report on Monday, August 29th. Zacks Investment Research lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, November 16th. Bank of America Corp. raised shares of Camden Property Trust from a “neutral” rating to a “buy” rating and set a $91.00 price target on the stock in a report on Wednesday, November 23rd. Citigroup Inc. increased their price target on shares of Camden Property Trust from $87.00 to $88.00 and gave the stock a “neutral” rating in a report on Thursday, August 4th. Finally, BTIG Research started coverage on shares of Camden Property Trust in a report on Thursday, August 25th. They issued a “neutral” rating on the stock. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $87.46.

In other news, COO H Malcolm Stewart sold 11,122 shares of Camden Property Trust stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $89.63, for a total transaction of $996,864.86. Following the sale, the chief operating officer now owns 252,526 shares in the company, valued at $22,633,905.38. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director William B. Mcguire sold 2,124 shares of Camden Property Trust stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $81.76, for a total transaction of $173,658.24. Following the sale, the director now owns 2,015 shares in the company, valued at approximately $164,746.40. The disclosure for this sale can be found here. Insiders own 5.00% of the company’s stock.

About Camden Property Trust

Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. The Company operates in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities segment.

5 Day Chart for NYSE:CPT

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