Axa S.A. Increases Holdings in Camden Property Trust (NYSE:CPT)

Axa S.A. increased its stake in shares of Camden Property Trust (NYSE:CPT) by 2,280.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 44,877 shares of the real estate investment trust’s stock after purchasing an additional 42,992 shares during the period. Axa S.A.’s holdings in Camden Property Trust were worth $5,208,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV lifted its stake in Camden Property Trust by 24.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 25,711 shares of the real estate investment trust’s stock worth $2,983,000 after purchasing an additional 5,029 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Camden Property Trust by 851.7% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 97,451 shares of the real estate investment trust’s stock worth $11,308,000 after buying an additional 87,211 shares in the last quarter. Freestone Grove Partners LP bought a new stake in Camden Property Trust during the fourth quarter valued at $591,000. AQR Capital Management LLC grew its position in Camden Property Trust by 6.5% during the fourth quarter. AQR Capital Management LLC now owns 84,001 shares of the real estate investment trust’s stock worth $9,701,000 after buying an additional 5,129 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Camden Property Trust by 33.7% in the 4th quarter. Northern Trust Corp now owns 1,420,076 shares of the real estate investment trust’s stock worth $164,786,000 after acquiring an additional 357,718 shares during the last quarter. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Down 0.2 %

Shares of NYSE CPT opened at $119.03 on Wednesday. The firm’s fifty day moving average is $116.79 and its 200 day moving average is $117.43. Camden Property Trust has a 52 week low of $98.35 and a 52 week high of $127.69. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. The company has a market cap of $12.95 billion, a price-to-earnings ratio of 79.35, a PEG ratio of 4.41 and a beta of 0.79.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. The firm had revenue of $390.57 million for the quarter, compared to analysts’ expectations of $388.47 million. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.70 earnings per share. On average, equities research analysts expect 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 was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were issued a $1.05 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $4.20 annualized dividend and a yield of 3.53%. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s dividend payout ratio (DPR) is 385.32%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Truist Financial boosted their price objective on Camden Property Trust from $122.00 to $129.00 and gave the stock a “buy” rating in a report on Monday, March 10th. StockNews.com lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, April 30th. Wells Fargo & Company lowered their price objective on shares of 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. Jefferies Financial Group upgraded shares of Camden Property Trust from a “hold” rating to a “buy” rating and upped their target price for the stock from $117.00 to $139.00 in a research report on Monday, March 10th. Finally, 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. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $127.61.

About Camden Property Trust

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.