Ensign Peak Advisors Inc Has $5.64 Million Stock Holdings in Camden Property Trust (NYSE:CPT)

Ensign Peak Advisors Inc increased its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 31.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,593 shares of the real estate investment trust's stock after acquiring an additional 11,724 shares during the period. Ensign Peak Advisors Inc's holdings in Camden Property Trust were worth $5,639,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CPT. Norges Bank acquired a new stake in shares of Camden Property Trust during the fourth quarter worth $187,606,000. Invesco Ltd. raised its holdings in shares of Camden Property Trust by 17.3% during the fourth quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust's stock worth $344,432,000 after acquiring an additional 438,685 shares during the period. Northern Trust Corp raised its holdings in shares of Camden Property Trust by 33.7% during the fourth quarter. Northern Trust Corp now owns 1,420,076 shares of the real estate investment trust's stock worth $164,786,000 after acquiring an additional 357,718 shares during the period. Centersquare Investment Management LLC raised its holdings in shares of Camden Property Trust by 15.9% during the fourth quarter. Centersquare Investment Management LLC now owns 2,522,398 shares of the real estate investment trust's stock worth $292,699,000 after acquiring an additional 345,331 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Camden Property Trust by 6.7% during the fourth quarter. Victory Capital Management Inc. now owns 4,400,846 shares of the real estate investment trust's stock worth $510,674,000 after acquiring an additional 277,117 shares during the period. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Stock Performance

Shares of CPT traded up $1.84 during midday trading on Friday, reaching $119.83. The stock had a trading volume of 1,922,093 shares, compared to its average volume of 921,500. The firm has a 50 day simple moving average of $116.02 and a 200-day simple moving average of $117.39. Camden Property Trust has a one year low of $98.35 and a one year high of $127.69. The firm 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 company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $1.72 EPS for the quarter, beating 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 company had revenue of $390.57 million during the quarter, compared to the consensus estimate of $388.47 million. During the same quarter last year, the firm posted $1.70 EPS. The company's quarterly revenue was up 2.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Evercore ISI raised their price objective on shares of Camden Property Trust from $118.00 to $127.00 and gave the stock an "in-line" rating in a report on Monday, February 10th. Citigroup upgraded shares of Camden Property Trust from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $125.00 to $138.00 in a report on Friday, March 28th. Jefferies Financial Group raised shares of Camden Property Trust from a "hold" rating to a "buy" rating and raised their target price for the company from $117.00 to $139.00 in a research report on Monday, March 10th. Barclays raised their target price on shares of Camden Property Trust from $127.00 to $136.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Finally, 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 report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $129.83.

Insider Activity

In other news, CEO Richard J. Campo sold 5,572 shares of the firm's 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 owns 289,720 shares in the company, valued at approximately $34,621,540. This trade represents a 1.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.80% of the company's stock.

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.