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

Jacobs Levy Equity Management Inc. boosted its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 9.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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.

Other large investors also recently bought and sold shares of the company. Janus Henderson Group PLC lifted its stake in Camden Property Trust by 1.5% during the 4th quarter. Janus Henderson Group PLC now owns 16,572 shares of the real estate investment trust's stock valued at $1,924,000 after acquiring an additional 245 shares during the period. Focus Partners Wealth acquired a new stake in Camden Property Trust during the 4th quarter valued at approximately $859,000. Ethic Inc. lifted its stake in Camden Property Trust by 31.2% during the 4th quarter. Ethic Inc. now owns 3,403 shares of the real estate investment trust's stock valued at $395,000 after acquiring an additional 809 shares during the period. Ensign Peak Advisors Inc lifted its stake in Camden Property Trust by 31.8% during the 4th quarter. Ensign Peak Advisors Inc now owns 48,593 shares of the real estate investment trust's stock valued at $5,639,000 after acquiring an additional 11,724 shares during the period. Finally, Deutsche Bank AG lifted its stake in Camden Property Trust by 29.0% during the 4th quarter. Deutsche Bank AG now owns 419,406 shares of the real estate investment trust's stock valued at $48,668,000 after acquiring an additional 94,218 shares during the period. Hedge funds and other institutional investors own 97.22% of the company's stock.

Camden Property Trust Price Performance

Shares of Camden Property Trust stock traded down $1.53 during trading hours on Wednesday, reaching $115.70. 684,516 shares of the company's stock were exchanged, compared to its average volume of 917,096. Camden Property Trust has a 1 year low of $98.35 and a 1 year high of $127.69. The company has a market capitalization of $12.36 billion, a P/E ratio of 77.13, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. The business has a fifty day moving average of $116.11 and a two-hundred day moving average of $117.38. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73.

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

Insider Activity at Camden Property Trust

In related news, CEO Richard J. Campo sold 5,572 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $119.50, for a total value of $665,854.00. Following the completion of the sale, the chief executive officer now 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Truist Financial lifted their price objective on shares of Camden Property Trust from $122.00 to $129.00 and gave the company a "buy" rating in a research note on Monday, March 10th. Scotiabank boosted their target price on shares of Camden Property Trust from $135.00 to $144.00 and gave the company a "sector perform" rating in a research note on Monday. Wells Fargo & Company decreased their target price on shares of Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating for the company in a research note on Friday, January 24th. Royal Bank of Canada boosted their target price on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a research note on Monday, February 10th. Finally, Stifel Nicolaus boosted their target price on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a "hold" rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Camden Property Trust currently has a consensus rating of "Hold" and an average price target of $128.55.

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.