Jacobs Levy Equity Management Inc. Buys 13,366 Shares of Camden Property Trust (NYSE:CPT)

Jacobs Levy Equity Management Inc. increased its stake in shares of Camden Property Trust (NYSE:CPT) by 2.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 530,676 shares of the real estate investment trust’s stock after buying an additional 13,366 shares during the period. Jacobs Levy Equity Management Inc. owned 0.50% of Camden Property Trust worth $52,219,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. William Blair Investment Management LLC grew its position in shares of Camden Property Trust by 3.8% during the 1st quarter. William Blair Investment Management LLC now owns 3,002 shares of the real estate investment trust’s stock worth $295,000 after purchasing an additional 109 shares in the last quarter. IFM Investors Pty Ltd grew its position in shares of Camden Property Trust by 0.7% during the 1st quarter. IFM Investors Pty Ltd now owns 17,866 shares of the real estate investment trust’s stock worth $1,758,000 after purchasing an additional 118 shares in the last quarter. ERn Financial LLC grew its position in shares of Camden Property Trust by 2.0% during the 1st quarter. ERn Financial LLC now owns 6,136 shares of the real estate investment trust’s stock worth $604,000 after purchasing an additional 118 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Camden Property Trust by 23.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 119 shares in the last quarter. Finally, Lindbrook Capital LLC grew its position in shares of Camden Property Trust by 90.4% during the 1st quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 132 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Trading Down 1.5 %

NYSE CPT traded down $1.65 on Tuesday, hitting $111.79. The company’s stock had a trading volume of 1,150,699 shares, compared to its average volume of 972,817. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.71. Camden Property Trust has a 1-year low of $82.81 and a 1-year high of $115.66. The company’s 50-day moving average is $108.18 and its 200 day moving average is $101.74. The firm has a market cap of $11.91 billion, a PE ratio of 27.81, a PEG ratio of 4.42 and a beta of 0.88.

Camden Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.69%. The ex-dividend date was Friday, June 28th. Camden Property Trust’s dividend payout ratio (DPR) is presently 100.98%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wells Fargo & Company increased their target price on shares of Camden Property Trust from $92.00 to $104.00 and gave the stock an “underweight” rating in a research report on Friday, May 31st. JPMorgan Chase & Co. upped their price target on shares of Camden Property Trust from $104.00 to $112.00 and gave the stock a “neutral” rating in a report on Monday, June 17th. UBS Group upped their price target on shares of Camden Property Trust from $109.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. StockNews.com raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, Truist Financial upped their price target on shares of Camden Property Trust from $114.00 to $122.00 and gave the stock a “buy” rating in a report on Monday, June 24th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $107.75.

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 58,634 apartment homes across the United States.