Axiom Investors LLC DE Purchases 271 Shares of Camden Property Trust (NYSE:CPT)

Axiom Investors LLC DE boosted its position in Camden Property Trust (NYSE:CPT) by 7.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,901 shares of the real estate investment trust’s stock after purchasing an additional 271 shares during the period. Axiom Investors LLC DE’s holdings in Camden Property Trust were worth $453,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. National Pension Service purchased a new position in shares of Camden Property Trust in the fourth quarter worth approximately $26,000. UMB Bank n.a. grew its position in shares of Camden Property Trust by 76.6% during the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 98 shares during the period. Quent Capital LLC increased its stake in shares of 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 in the last quarter. IAG Wealth Partners LLC bought a new position in Camden Property Trust in the 4th quarter worth $29,000. Finally, Neo Ivy Capital Management purchased a new position in Camden Property Trust during the third quarter valued at $38,000. 97.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CPT shares. Evercore ISI raised their price objective on Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. Wells Fargo & Company lowered their price target on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Scotiabank increased their price objective on shares of Camden Property Trust from $130.00 to $135.00 and gave the stock a “sector perform” rating in a research note on Friday, February 14th. Stifel Nicolaus lifted their target price on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a research note on Friday, February 7th. Finally, Royal Bank of Canada raised their price target on Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $127.76.

Camden Property Trust Stock Down 0.0 %

Shares of NYSE CPT opened at $122.27 on Tuesday. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. Camden Property Trust has a 12-month low of $94.75 and a 12-month high of $127.69. The firm’s 50-day moving average price is $118.76 and its 200-day moving average price is $119.19. The stock has a market capitalization of $13.30 billion, a price-to-earnings ratio of 81.52, a P/E/G ratio of 4.41 and a beta of 0.94.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. On average, equities research analysts anticipate that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be given a dividend of $1.05 per share. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date is Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a yield of 3.43%. Camden Property Trust’s payout ratio is 280.00%.

Insider Activity

In related news, Director Heather J. Brunner sold 1,853 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $212,168.50. Following the transaction, the director now directly owns 10,537 shares in the company, valued at approximately $1,206,486.50. This represents a 14.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard J. Campo sold 1,043 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $114,792.58. Following the completion of the sale, the chief executive officer now directly owns 299,092 shares of the company’s stock, valued at approximately $32,918,065.52. The trade was a 0.35 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,548 shares of company stock valued at $2,912,212. 1.80% of the stock is currently owned by company insiders.

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.