Jacobs Levy Equity Management Inc. Purchases 630,768 Shares of Camden Property Trust (NYSE:CPT)

Jacobs Levy Equity Management Inc. boosted its position in Camden Property Trust (NYSE:CPT) by 97.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,279,266 shares of the real estate investment trust’s stock after purchasing an additional 630,768 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Camden Property Trust were worth $158,028,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Kings Path Partners LLC purchased a new position in Camden Property Trust during the second quarter valued at approximately $33,000. Federated Hermes Inc. acquired a new stake in Camden Property Trust in the 2nd quarter valued at approximately $33,000. Family Firm Inc. acquired a new stake in Camden Property Trust during the 2nd quarter worth approximately $39,000. Versant Capital Management Inc lifted its holdings in Camden Property Trust by 2,187.5% in the 2nd quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 350 shares during the last quarter. Finally, American Capital Advisory LLC lifted its holdings in shares of Camden Property Trust by 42.7% in the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Trading Down 1.5 %

Shares of CPT stock opened at $123.96 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. The business has a 50-day moving average of $120.93 and a 200 day moving average of $116.38. The stock has a market capitalization of $13.22 billion, a PE ratio of 39.23, a P/E/G ratio of 4.59 and a beta of 0.92. Camden Property Trust has a 1-year low of $90.50 and a 1-year high of $127.69.

Camden Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were issued a $1.03 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.32%. Camden Property Trust’s dividend payout ratio is currently 130.38%.

Analysts Set New Price Targets

Several brokerages recently commented on CPT. Royal Bank of Canada decreased their price target on Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating on the stock in a research note on Monday, November 4th. The Goldman Sachs Group began coverage on Camden Property Trust in a research report on Wednesday, September 4th. They set a “neutral” rating and a $139.00 price target on the stock. Truist Financial increased their target price on shares of Camden Property Trust from $122.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, August 26th. JPMorgan Chase & Co. boosted their target price on shares of Camden Property Trust from $112.00 to $129.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Finally, Evercore ISI boosted their target price on Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $122.50.

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 58,250 apartment homes across the United States.