Axa S.A. Acquires 42,992 Shares of Camden Property Trust (NYSE:CPT)

AXA S.A. grew its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 2,280.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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.

A number of other large investors also recently modified their holdings of the business. UMB Bank n.a. grew its holdings in shares of Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 98 shares during the last quarter. National Pension Service acquired a new position in Camden Property Trust during the 4th quarter valued at approximately $26,000. Quent Capital LLC increased its position in Camden Property Trust by 87.0% in the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock worth $28,000 after buying an additional 114 shares during the period. IAG Wealth Partners LLC acquired a new stake in Camden Property Trust in the fourth quarter worth $29,000. Finally, Bellwether Advisors LLC bought a new stake in Camden Property Trust in the fourth quarter valued at $31,000. 97.22% of the stock is currently owned by institutional investors.

Camden Property Trust Price Performance

Shares of CPT traded up $0.41 on Monday, hitting $118.39. The company's stock had a trading volume of 63,685 shares, compared to its average volume of 913,770. The company has a market capitalization of $12.65 billion, a PE ratio of 78.97, a PEG ratio of 4.41 and a beta of 0.79. Camden Property Trust has a fifty-two week low of $98.35 and a fifty-two week high of $127.69. The company has a 50 day moving average price of $116.43 and a 200 day moving average price of $117.39. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.04. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. The firm had revenue of $390.57 million during the quarter, compared to analysts' expectations of $388.47 million. During the same quarter last year, the company posted $1.70 EPS. The company's quarterly revenue was up 2.0% compared to the same quarter last year. On average, research analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CPT shares. Truist Financial boosted their target price on shares of Camden Property Trust from $122.00 to $129.00 and gave the company a "buy" rating in a research note on Monday, March 10th. Evercore ISI increased their price objective 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. Jefferies Financial Group upgraded Camden Property Trust from a "hold" rating to a "buy" rating and raised their target price for the company from $117.00 to $139.00 in a research report on Monday, March 10th. Royal Bank of Canada boosted their price target on Camden Property Trust from $121.00 to $123.00 and gave the stock a "sector perform" rating in a research report on Monday, February 10th. Finally, Scotiabank upped 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 report on Friday, February 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $128.08.

Insider Activity

In other news, CEO Richard J. Campo sold 5,572 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $119.50, for a total value of $665,854.00. Following the transaction, the chief executive officer now owns 289,720 shares of the company's stock, valued at $34,621,540. This represents a 1.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.80% of the company's stock.

Camden Property Trust 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.