Camden Property Trust (NYSE:CPT) Given Consensus Recommendation of “Hold” by Brokerages

Camden Property Trust (NYSE:CPT) has earned an average recommendation of “Hold” from the eighteen analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $126.53.

A number of brokerages recently weighed in on CPT. Stifel Nicolaus increased their price target on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. Wells Fargo & Company decreased their target price on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Scotiabank raised their price target on Camden Property Trust from $130.00 to $135.00 and gave the stock a “sector perform” rating in a report on Friday, February 14th. Mizuho reduced their price objective on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. Finally, Barclays increased their price objective on Camden Property Trust from $126.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th.

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, CFO Alexander J. Jessett sold 1,862 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $204,931.72. Following the completion of the transaction, the chief financial officer now owns 122,384 shares of the company’s stock, valued at approximately $13,469,583.04. This trade represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Richard J. Campo sold 7,324 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $838,598.00. Following the sale, the chief executive officer now directly owns 300,135 shares in the company, valued at approximately $34,365,457.50. The trade was a 2.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,413 shares of company stock valued at $2,895,718. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Camden Property Trust

A number of hedge funds and other institutional investors have recently modified their holdings of CPT. Toronto Dominion Bank boosted its position in Camden Property Trust by 8.4% during the fourth quarter. Toronto Dominion Bank now owns 57,073 shares of the real estate investment trust’s stock worth $6,623,000 after acquiring an additional 4,404 shares during the last quarter. GF Fund Management CO. LTD. purchased a new position in shares of Camden Property Trust during the 4th quarter worth $225,000. Highview Capital Management LLC DE boosted its holdings in shares of Camden Property Trust by 2.1% during the fourth quarter. Highview Capital Management LLC DE now owns 10,262 shares of the real estate investment trust’s stock worth $1,191,000 after purchasing an additional 213 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Camden Property Trust by 2.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 972,112 shares of the real estate investment trust’s stock worth $112,804,000 after buying an additional 25,695 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC grew its holdings in Camden Property Trust by 74.5% in the fourth quarter. Worldquant Millennium Advisors LLC now owns 54,107 shares of the real estate investment trust’s stock valued at $6,279,000 after purchasing an additional 23,102 shares during the period. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Price Performance

Shares of NYSE CPT opened at $121.10 on Thursday. The stock’s 50-day simple moving average is $115.27 and its 200-day simple moving average is $119.38. The firm has a market capitalization of $12.93 billion, a PE ratio of 80.73, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. Camden Property Trust has a fifty-two week low of $92.45 and a fifty-two week high of $127.69. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14.

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 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 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be paid a dividend of $1.05 per share. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.20 annualized dividend and a dividend yield of 3.47%. Camden Property Trust’s payout ratio is 280.00%.

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.