Camden Property Trust (NYSE:CPT) Shares Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV raised its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 24.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 25,711 shares of the real estate investment trust's stock after acquiring an additional 5,029 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Camden Property Trust were worth $2,983,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. boosted its stake in Camden Property Trust by 76.6% in the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 98 shares during the period. National Pension Service bought a new stake in shares of Camden Property Trust in the 4th quarter worth about $26,000. Quent Capital LLC raised its position in Camden Property Trust by 87.0% in the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 114 shares during the period. IAG Wealth Partners LLC purchased a new stake in Camden Property Trust in the fourth quarter worth $29,000. Finally, Bellwether Advisors LLC bought a new stake in shares of Camden Property Trust during the fourth quarter worth $31,000. Institutional investors own 97.22% of the company's stock.

Insider Transactions at Camden Property Trust

In other Camden Property Trust news, CEO Richard J. Campo sold 5,572 shares of the stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company's stock.

Camden Property Trust Stock Performance

Shares of Camden Property Trust stock traded up $0.46 during trading on Friday, hitting $117.95. 763,524 shares of the company's stock were exchanged, compared to its average volume of 915,994. Camden Property Trust has a 52-week low of $98.35 and a 52-week 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 stock has a market capitalization of $12.83 billion, a price-to-earnings ratio of 78.63, a PEG ratio of 4.41 and a beta of 0.79. The business has a 50-day simple moving average of $116.43 and a 200-day simple moving average of $117.43.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.04. The business had revenue of $390.57 million during the quarter, compared to analysts' expectations of $388.47 million. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. The company's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.70 EPS. On average, research analysts forecast that Camden Property Trust will post 6.76 EPS for the current year.

Analyst Upgrades and Downgrades

CPT has been the topic of a number of research reports. Stifel Nicolaus raised their target price 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. Barclays lifted their price objective on Camden Property Trust from $127.00 to $136.00 and gave the company an "overweight" rating in a report on Friday. Scotiabank raised their target price on shares of Camden Property Trust from $130.00 to $135.00 and gave the company a "sector perform" rating in a research report on Friday, February 14th. Evercore ISI increased their price objective on shares of Camden Property Trust from $118.00 to $127.00 and gave the company an "in-line" rating in a research note on Monday, February 10th. Finally, Truist Financial boosted their price target on Camden Property Trust from $122.00 to $129.00 and gave the stock a "buy" rating in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Camden Property Trust currently has an average rating of "Hold" and a consensus target price of $128.08.

Camden Property Trust 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.