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

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

Several other institutional investors have also recently bought and sold shares of the stock. UMB Bank n.a. raised its position in Camden Property Trust by 76.6% in the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 98 shares during the last quarter. Verdence Capital Advisors LLC grew its holdings in Camden Property Trust by 5.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust’s stock worth $294,000 after acquiring an additional 113 shares during the period. Doliver Advisors LP grew its holdings in Camden Property Trust by 6.7% during the 4th quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust’s stock worth $209,000 after acquiring an additional 113 shares during the period. Quent Capital LLC grew its holdings in Camden Property Trust by 87.0% during the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 114 shares during the period. Finally, NovaPoint Capital LLC grew its holdings in Camden Property Trust by 2.1% during the 4th quarter. NovaPoint Capital LLC now owns 5,526 shares of the real estate investment trust’s stock worth $641,000 after acquiring an additional 115 shares during the period. Institutional investors own 97.22% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on CPT shares. StockNews.com lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Stifel Nicolaus lifted their target price on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a report on Friday, February 7th. Scotiabank lifted their target price on shares of Camden Property Trust from $130.00 to $135.00 and gave the stock a “sector perform” rating in a report on Friday, February 14th. Barclays lifted their target price on shares of Camden Property Trust from $126.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Finally, Royal Bank of Canada boosted their price target on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Camden Property Trust has an average rating of “Hold” and a consensus price target of $126.53.

Camden Property Trust Trading Up 0.7 %

Shares of NYSE:CPT opened at $122.06 on Wednesday. The company’s 50-day moving average price is $115.11 and its two-hundred day moving average price is $119.37. Camden Property Trust has a one year low of $92.26 and a one 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 stock has a market capitalization of $13.02 billion, a PE ratio of 81.38, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94.

Camden Property Trust (NYSE:CPT) last issued 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 net margin of 10.58% and a return on equity of 3.35%. On average, equities analysts forecast 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. Stockholders of record on Monday, March 31st will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s payout ratio is 274.67%.

Insider Transactions at Camden Property Trust

In other news, CFO Alexander J. Jessett sold 1,862 shares of the business’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $204,931.72. Following the completion of the sale, the chief financial officer now directly owns 122,384 shares of the company’s stock, valued at $13,469,583.04. The trade was a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Heather J. Brunner sold 1,853 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 transaction of $212,168.50. Following the completion of the sale, the director now directly owns 10,537 shares of the company’s stock, valued at $1,206,486.50. The trade was a 14.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,413 shares of company stock worth $2,895,718. Company insiders own 1.80% of the company’s stock.

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.