Camden Property Trust (NYSE:CPT) Upgraded by Jefferies Financial Group to “Buy” Rating

Jefferies Financial Group upgraded shares of Camden Property Trust (NYSE:CPT) from a hold rating to a buy rating in a research note released on Monday morning, MarketBeat Ratings reports. The firm currently has $139.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $117.00.

Several other research firms have also recently issued reports on CPT. JPMorgan Chase & Co. cut Camden Property Trust from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $129.00 to $128.00 in a research note on Tuesday, December 17th. Wells Fargo & Company cut their price objective 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. StockNews.com cut Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Saturday. Evercore ISI raised their price target on Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. Finally, Scotiabank boosted their price objective on shares of Camden Property Trust from $130.00 to $135.00 and gave the company a “sector perform” rating in a research report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $127.19.

Camden Property Trust Trading Up 0.3 %

NYSE CPT opened at $121.85 on Monday. The firm has a market cap of $13.01 billion, a PE ratio of 81.23, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. Camden Property Trust has a 1-year low of $94.75 and a 1-year high of $127.69. The stock has a 50-day moving average of $116.39 and a 200-day moving average of $119.56. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating 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, sell-side analysts forecast that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.45%. 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 dividend payout ratio (DPR) is 280.00%.

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, CEO Richard J. Campo sold 7,324 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 300,135 shares in the company, valued at approximately $34,365,457.50. This trade represents a 2.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Heather J. Brunner sold 264 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $29,055.84. Following the completion of the transaction, the director now owns 10,273 shares in the company, valued at approximately $1,130,646.38. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,413 shares of company stock worth $2,895,718. 1.80% of the stock is owned by insiders.

Institutional Trading of Camden Property Trust

Several institutional investors have recently added to or reduced their stakes in CPT. Federated Hermes Inc. raised its stake in shares of Camden Property Trust by 6.5% in the fourth quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust’s stock worth $170,000 after purchasing an additional 90 shares during the last quarter. 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 buying an additional 98 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Camden Property Trust by 0.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,117 shares of the real estate investment trust’s stock worth $2,102,000 after buying an additional 98 shares during the last quarter. First American Bank lifted its stake in Camden Property Trust by 1.0% during the 4th quarter. First American Bank now owns 10,846 shares of the real estate investment trust’s stock valued at $1,259,000 after acquiring an additional 104 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in shares of Camden Property Trust by 2.5% during the 4th quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust’s stock valued at $499,000 after acquiring an additional 105 shares during the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

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.