Camden Property Trust (NYSE:CPT) Shares Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. grew its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 9.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,398,967 shares of the real estate investment trust's stock after purchasing an additional 119,701 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 1.31% of Camden Property Trust worth $162,336,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CPT. Federated Hermes Inc. boosted its position in shares of Camden Property Trust by 6.5% during the 4th quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust's stock valued at $170,000 after acquiring an additional 90 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Camden Property Trust by 76.6% in the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock worth $26,000 after buying an additional 98 shares during the last quarter. First American Bank increased its holdings in shares of Camden Property Trust by 1.0% in the 4th quarter. First American Bank now owns 10,846 shares of the real estate investment trust's stock worth $1,259,000 after buying an additional 104 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Camden Property Trust by 2.5% during the 4th quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust's stock valued at $499,000 after buying an additional 105 shares in the last quarter. Finally, Quent Capital LLC lifted its holdings in shares of Camden Property Trust by 87.0% in the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 114 shares during the last quarter. 97.22% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Camden Property Trust news, CEO Richard J. Campo sold 5,572 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $119.50, for a total transaction of $665,854.00. Following the completion of the sale, the chief executive officer now directly owns 289,720 shares of the company's stock, valued at approximately $34,621,540. This represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by company insiders.

Camden Property Trust Stock Up 1.6%

Camden Property Trust stock traded up $1.84 during midday trading on Friday, hitting $119.83. 1,922,093 shares of the company's stock were exchanged, compared to its average volume of 920,916. Camden Property Trust has a 12 month low of $98.35 and a 12 month high of $127.69. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. The company has a market cap of $12.80 billion, a PE ratio of 79.89, a P/E/G ratio of 4.41 and a beta of 0.79. The firm has a 50-day moving average of $116.03 and a two-hundred day moving average of $117.37.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.68 by $0.04. The company had revenue of $390.57 million during the quarter, compared to the consensus estimate of $388.47 million. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. Camden Property Trust's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.70 earnings per share. As a group, analysts expect that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CPT shares. Truist Financial raised their price objective on Camden Property Trust from $122.00 to $129.00 and gave the company a "buy" rating in a research note on Monday, March 10th. Royal Bank of Canada lifted their price objective on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a "sector perform" rating in a research note on Monday, February 10th. StockNews.com downgraded shares of Camden Property Trust from a "hold" rating to a "sell" rating in a research note on Friday. Scotiabank lifted their price target on shares of Camden Property Trust from $135.00 to $144.00 and gave the stock a "sector perform" rating in a research note on Monday. Finally, Jefferies Financial Group upgraded shares of Camden Property Trust from a "hold" rating to a "buy" rating and upped their price target for the company from $117.00 to $139.00 in a report on Monday, March 10th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Camden Property Trust currently has an average rating of "Hold" and an average target price of $129.83.

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 58,250 apartment homes across the United States.