Ensign Peak Advisors Inc Raises Stake 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 its most recent filing with the SEC. The institutional investor owned 48,593 shares of the real estate investment trust's stock after purchasing 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 large investors also recently modified their holdings of the company. Barclays PLC grew its stake in Camden Property Trust by 45.4% in the 3rd quarter. Barclays PLC now owns 407,784 shares of the real estate investment trust's stock worth $50,371,000 after buying an additional 127,358 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in Camden Property Trust by 5.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 3,691 shares of the real estate investment trust's stock worth $428,000 after acquiring an additional 198 shares during the last quarter. Czech National Bank increased its holdings in Camden Property Trust by 6.5% during the 4th quarter. Czech National Bank now owns 23,131 shares of the real estate investment trust's stock valued at $2,684,000 after purchasing an additional 1,409 shares during the period. Cooper Financial Group raised its holdings in shares of Camden Property Trust by 2.8% during the fourth quarter. Cooper Financial Group now owns 5,972 shares of the real estate investment trust's stock valued at $693,000 after acquiring an additional 161 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its stake in shares of Camden Property Trust by 8.2% during the 4th quarter. Park Avenue Securities LLC now owns 4,501 shares of the real estate investment trust's stock valued at $522,000 after purchasing an additional 340 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors.

Camden Property Trust Stock Performance

CPT traded down $0.31 during midday trading on Monday, reaching $119.32. The company had a trading volume of 65,065 shares, compared to its average volume of 918,504. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. The business has a 50-day moving average of $116.02 and a two-hundred day moving average of $117.40. The company has a market cap of $12.75 billion, a P/E ratio of 79.66, a P/E/G ratio of 4.41 and a beta of 0.79. Camden Property Trust has a 1 year low of $98.35 and a 1 year high of $127.69.

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 the consensus estimate 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 firm had revenue of $390.57 million during the quarter, compared to analyst estimates of $388.47 million. During the same quarter last year, the business earned $1.70 EPS. The business's revenue was up 2.0% on a year-over-year basis. As a group, equities research analysts predict that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Richard J. Campo sold 5,572 shares of the stock in a transaction on Tuesday, May 6th. The stock was 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 represents a 1.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. StockNews.com lowered Camden Property Trust from a "hold" rating to a "sell" rating in a research report on Friday. Truist Financial lifted their price target on shares of Camden Property Trust from $129.00 to $131.00 and gave the company a "buy" rating in a research report on Monday. 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 note on Monday, March 10th. Royal Bank of Canada boosted their price target on Camden Property Trust from $121.00 to $123.00 and gave the stock a "sector perform" rating in a research report on Monday, February 10th. Finally, Barclays lifted their price objective on Camden Property Trust from $127.00 to $136.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $129.94.

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.