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

Jacobs Levy Equity Management Inc. lifted its position in Camden Property Trust (NYSE:CPT) by 2.6% in the 1st quarter, HoldingsChannel.com reports. The fund 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.’s holdings in Camden Property Trust were worth $52,219,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Lindbrook Capital LLC raised its holdings in shares of Camden Property Trust by 90.4% in the first quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 132 shares in the last quarter. Tobam grew its stake in Camden Property Trust by 4,166.7% in the fourth quarter. Tobam now owns 384 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 375 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Camden Property Trust by 23.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 119 shares during the last quarter. Quarry LP grew its stake in Camden Property Trust by 1,081.5% in the fourth quarter. Quarry LP now owns 638 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 584 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in Camden Property Trust by 99.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 758 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 377 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors.

Camden Property Trust Trading Down 1.5 %

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

Camden Property Trust Dividend Announcement

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

Wall Street Analysts Forecast Growth

CPT has been the topic of several analyst reports. StockNews.com upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. UBS Group lifted their target price on Camden Property Trust from $109.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. Truist Financial lifted their target price on Camden Property Trust from $114.00 to $122.00 and gave the stock a “buy” rating in a report on Monday, June 24th. JPMorgan Chase & Co. boosted their price target on Camden Property Trust from $104.00 to $112.00 and gave the company a “neutral” rating in a report on Monday, June 17th. Finally, Wedbush upped their target price on Camden Property Trust from $110.00 to $118.00 and gave the stock an “outperform” rating in a research note on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Camden Property Trust has an average rating of “Hold” and an average target price of $107.75.

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 58,634 apartment homes across the United States.