Impax Asset Management Group plc Buys 2,798 Shares of Camden Property Trust (NYSE:CPT)

Impax Asset Management Group plc raised its stake in shares of Camden Property Trust (NYSE:CPT) by 51.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,221 shares of the real estate investment trust’s stock after buying an additional 2,798 shares during the period. Impax Asset Management Group plc’s holdings in Camden Property Trust were worth $954,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. SMART Wealth LLC bought a new position in Camden Property Trust during the third quarter valued at about $829,000. Nordea Investment Management AB raised its holdings in Camden Property Trust by 15.0% during the fourth quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust’s stock valued at $11,339,000 after buying an additional 12,805 shares in the last quarter. QRG Capital Management Inc. bought a new position in Camden Property Trust during the third quarter valued at about $1,660,000. Franklin Resources Inc. raised its holdings in 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 in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Camden Property Trust by 10.5% during 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 buying an additional 51,097 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Heather J. Brunner sold 1,853 shares of Camden Property Trust stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $212,168.50. Following the completion of the transaction, the director now owns 10,537 shares in the company, valued at approximately $1,206,486.50. The trade was a 14.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Richard J. Campo sold 7,324 shares of Camden Property Trust stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $838,598.00. Following the completion of the transaction, the chief executive officer now owns 300,135 shares of the company’s stock, valued at $34,365,457.50. This trade represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,413 shares of company stock worth $2,895,718 over the last quarter. Company insiders own 1.80% of the company’s stock.

Camden Property Trust Stock Up 0.7 %

Shares of CPT opened at $122.06 on Wednesday. The stock has a market cap of $13.02 billion, a price-to-earnings ratio of 81.38, a P/E/G ratio of 4.41 and a beta of 0.94. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. Camden Property Trust has a 12 month low of $92.26 and a 12 month high of $127.69. The company has a 50-day moving average price of $115.11 and a two-hundred day moving average price of $119.37.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. Equities analysts predict that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid 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 3.44%. Camden Property Trust’s dividend payout ratio (DPR) is currently 274.67%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Stifel Nicolaus raised their target price on Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a report on Friday, February 7th. Evercore ISI raised their price target on Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. 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 research report on Monday, February 10th. Barclays raised their price target on Camden Property Trust from $126.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Finally, Wells Fargo & Company lowered their price target on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $126.53.

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.