19,115 Shares in Camden Property Trust (NYSE:CPT) Bought by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV purchased a new position in Camden Property Trust (NYSE:CPT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 19,115 shares of the real estate investment trust's stock, valued at approximately $2,338,000.

A number of other institutional investors also recently made changes to their positions in the stock. ABC Arbitrage SA acquired a new position in Camden Property Trust in the 4th quarter valued at about $821,000. Smartleaf Asset Management LLC grew its holdings in shares of Camden Property Trust by 33.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 531 shares of the real estate investment trust's stock worth $61,000 after buying an additional 132 shares in the last quarter. Inceptionr LLC acquired a new position in shares of Camden Property Trust in the fourth quarter valued at approximately $621,000. Northern Trust Corp raised its position in shares of Camden Property Trust by 33.7% in the fourth quarter. Northern Trust Corp now owns 1,420,076 shares of the real estate investment trust's stock valued at $164,786,000 after buying an additional 357,718 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake 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 valued at $510,674,000 after buying an additional 277,117 shares during the period. 97.22% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Camden Property Trust

In other news, Director Steven A. Webster sold 1,200 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $118.76, for a total transaction of $142,512.00. Following the completion of the sale, the director now directly owns 117,374 shares in the company, valued at $13,939,336.24. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $665,854.00. Following the completion of the transaction, the chief executive officer now directly owns 289,720 shares of the company's stock, valued at $34,621,540. This represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.80% of the company's stock.

Camden Property Trust Stock Up 0.7%

Shares of CPT traded up $0.79 during midday trading on Monday, reaching $116.91. 66,960 shares of the company were exchanged, compared to its average volume of 922,896. The stock has a 50-day moving average price of $115.20 and a 200-day moving average price of $116.77. The company has a market cap of $12.49 billion, a price-to-earnings ratio of 77.98, a P/E/G ratio of 4.41 and a beta of 0.78. Camden Property Trust has a 1-year low of $102.35 and a 1-year high of $127.69. 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 released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 EPS for the quarter, topping the consensus estimate of $1.68 by $0.04. The firm had revenue of $390.57 million for the quarter, compared to analyst estimates of $388.47 million. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. Camden Property Trust's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.70 EPS. Research analysts expect that Camden Property Trust will post 6.76 earnings per share for the current year.

Analysts Set New Price Targets

CPT has been the subject of several recent analyst reports. Scotiabank lowered their target price on shares of Camden Property Trust from $144.00 to $136.00 and set a "sector perform" rating for the company in a research note on Friday. Wall Street Zen cut Camden Property Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Truist Financial set a $131.00 target price on Camden Property Trust and gave the company a "buy" rating in a research note on Monday, May 19th. Jefferies Financial Group upgraded Camden Property Trust from a "hold" rating to a "buy" rating and increased their target price for the stock from $117.00 to $139.00 in a research report on Monday, March 10th. Finally, Mizuho lowered their price target on Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $129.33.

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.