Lighthouse Investment Partners LLC Buys New Shares in Camden Property Trust (NYSE:CPT)

Lighthouse Investment Partners LLC acquired a new stake in Camden Property Trust (NYSE:CPT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. 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 0.07% of Camden Property Trust as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CPT. UMB Bank n.a. grew its position 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 worth $26,000 after buying an additional 98 shares in the last quarter. National Pension Service bought a new stake in shares of Camden Property Trust during the 4th quarter valued at $26,000. Quent Capital LLC lifted its position in shares of Camden Property Trust by 87.0% during the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 114 shares during the period. IAG Wealth Partners LLC acquired a new stake in shares of Camden Property Trust during the 4th quarter worth $29,000. Finally, Bellwether Advisors LLC bought a new position in shares of Camden Property Trust in the fourth quarter worth $31,000. Institutional investors and hedge funds own 97.22% of the company's stock.

Insider Buying and Selling

In other Camden Property Trust news, CEO Richard J. Campo sold 5,572 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $119.50, for a total value of $665,854.00. Following the sale, the chief executive officer now owns 289,720 shares in the company, valued at approximately $34,621,540. The trade was a 1.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CPT. Stifel Nicolaus upped their price objective on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a "hold" rating in a research report on Friday, February 7th. Citigroup raised shares of Camden Property Trust from a "neutral" rating to a "buy" rating and upped their price target for the stock from $125.00 to $138.00 in a report on Friday, March 28th. 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. Jefferies Financial Group upgraded Camden Property Trust from a "hold" rating to a "buy" rating and upped their target price for the stock from $117.00 to $139.00 in a research note on Monday, March 10th. Finally, Scotiabank raised their target price on Camden Property Trust from $135.00 to $144.00 and gave the company a "sector perform" rating in a report on Monday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Camden Property Trust currently has a consensus rating of "Hold" and an average price target of $129.83.

Camden Property Trust Trading Up 1.8%

Shares of Camden Property Trust stock traded up $2.10 on Thursday, hitting $117.84. The stock had a trading volume of 796,140 shares, compared to its average volume of 916,614. The stock has a 50 day moving average of $116.11 and a 200 day moving average of $117.38. Camden Property Trust has a twelve month low of $98.35 and a twelve month high of $127.69. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. The firm has a market capitalization of $12.59 billion, a P/E ratio of 78.56, a PEG ratio of 4.41 and a beta of 0.79.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted 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. The firm had revenue of $390.57 million for the quarter, compared to analyst estimates of $388.47 million. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.70 EPS. Sell-side analysts expect that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

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.