Lighthouse Investment Partners LLC Buys Shares of 70,252 Camden Property Trust (NYSE:CPT)

Lighthouse Investment Partners LLC acquired a new stake in shares of Camden Property Trust (NYSE:CPT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 70,252 shares of the real estate investment trust's stock, valued at approximately $8,152,000. Lighthouse Investment Partners LLC owned about 0.07% of Camden Property Trust as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Federated Hermes Inc. raised its holdings in shares of Camden Property Trust by 6.5% during the fourth quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust's stock valued at $170,000 after purchasing an additional 90 shares during the last quarter. UMB Bank n.a. increased its holdings in Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 98 shares during the last quarter. First American Bank increased its holdings in Camden Property Trust by 1.0% during the fourth quarter. First American Bank now owns 10,846 shares of the real estate investment trust's stock valued at $1,259,000 after buying an additional 104 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Camden Property Trust by 2.5% during the fourth 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 during the last quarter. Finally, Quent Capital LLC increased its holdings in Camden Property Trust by 87.0% during the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 114 shares during the last quarter. 97.22% of the stock is owned by hedge funds and other 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 on 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 transaction, the chief executive officer now owns 289,720 shares in the company, valued at $34,621,540. This trade represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is owned by company insiders.

Camden Property Trust Price Performance

Shares of NYSE:CPT traded up $1.84 during midday trading on Friday, reaching $119.83. 1,922,093 shares of the company were exchanged, compared to its average volume of 921,852. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. The business's fifty day moving average is $116.02 and its two-hundred day moving average is $117.39. Camden Property Trust has a one year low of $98.35 and a one year high of $127.69. The stock has a market cap of $12.80 billion, a PE ratio of 79.89, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share 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 firm 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 business earned $1.70 earnings per share. Camden Property Trust's revenue for the quarter was up 2.0% on a year-over-year basis. As a group, analysts predict that Camden Property Trust will post 6.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CPT. Truist Financial upped their target price on shares of Camden Property Trust from $122.00 to $129.00 and gave the company a "buy" rating in a report on Monday, March 10th. StockNews.com cut shares of Camden Property Trust from a "hold" rating to a "sell" rating in a report on Friday. Jefferies Financial Group raised shares of Camden Property Trust from a "hold" rating to a "buy" rating and upped their target price for the company from $117.00 to $139.00 in a report on Monday, March 10th. Evercore ISI upped their target price on shares of Camden Property Trust from $118.00 to $127.00 and gave the company an "in-line" rating in a report on Monday, February 10th. Finally, Wells Fargo & Company reduced 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 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. According to data from MarketBeat.com, Camden Property Trust has a consensus rating of "Hold" and a consensus target price of $129.83.

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.