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

Axiom Investors LLC DE grew its stake in Camden Property Trust (NYSE:CPT) by 7.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,901 shares of the real estate investment trust’s stock after purchasing an additional 271 shares during the quarter. Axiom Investors LLC DE’s holdings in Camden Property Trust were worth $453,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. SMART Wealth LLC bought a new position in Camden Property Trust in the third quarter worth approximately $829,000. Nordea Investment Management AB grew its position in shares of Camden Property Trust by 15.0% during the 4th quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust’s stock worth $11,339,000 after buying an additional 12,805 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Camden Property Trust by 3.2% during the third quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust’s stock valued at $23,174,000 after buying an additional 5,985 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Camden Property Trust by 10.5% in the third quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust’s stock valued at $66,563,000 after acquiring an additional 51,097 shares in the last quarter. Finally, Atomi Financial Group Inc. lifted its stake in Camden Property Trust by 7.7% in the fourth quarter. Atomi Financial Group Inc. now owns 2,335 shares of the real estate investment trust’s stock worth $271,000 after acquiring an additional 166 shares during the period. 97.22% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Price Performance

NYSE CPT opened at $122.27 on Tuesday. The stock’s fifty day moving average price is $118.76 and its 200 day moving average price is $119.19. Camden Property Trust has a 1 year low of $94.75 and a 1 year high of $127.69. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The company has a market cap of $13.30 billion, a price-to-earnings ratio of 81.52, a PEG ratio of 4.41 and a beta of 0.94.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

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

Insider Transactions at Camden Property Trust

In other news, CEO Richard J. Campo sold 7,324 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $838,598.00. Following the sale, the chief executive officer now owns 300,135 shares in the company, valued at $34,365,457.50. This represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Alexander J. Jessett sold 13,067 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $1,496,171.50. Following the sale, the chief financial officer now directly owns 124,246 shares in the company, valued at approximately $14,226,167. This trade represents a 9.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,548 shares of company stock worth $2,912,212 over the last 90 days. 1.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CPT shares. JPMorgan Chase & Co. lowered shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $129.00 to $128.00 in a report on Tuesday, December 17th. Evercore ISI upped their target price on Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Wells Fargo & Company cut their price target on 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. StockNews.com upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, March 18th. Finally, Royal Bank of Canada lifted their target price on Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Camden Property Trust has a consensus rating of “Hold” and a consensus price target of $127.76.

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.