Royal Bank of Canada Issues Positive Forecast for Camden Property Trust (NYSE:CPT) Stock Price

Camden Property Trust (NYSE:CPT) had its price objective raised by Royal Bank of Canada from $121.00 to $123.00 in a research note released on Monday morning,Benzinga reports. They currently have a sector perform rating on the real estate investment trust’s stock.

A number of other equities research analysts also recently issued reports on the stock. StockNews.com downgraded shares of Camden Property Trust from a “hold” rating to a “sell” rating in a report on Friday, November 1st. JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $129.00 to $128.00 in a report on Tuesday, December 17th. Stifel Nicolaus boosted their target price on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a report on Friday. Scotiabank lowered their target price on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. Finally, Mizuho lowered their target price on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Monday, January 6th. 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’s stock. According to data from MarketBeat.com, Camden Property Trust presently has a consensus rating of “Hold” and an average target price of $126.03.

Camden Property Trust Stock Performance

Shares of NYSE CPT opened at $119.46 on Monday. The company has a market cap of $12.74 billion, a PE ratio of 79.64, a price-to-earnings-growth ratio of 4.27 and a beta of 0.94. Camden Property Trust has a 12 month low of $90.50 and a 12 month high of $127.69. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. The company has a 50-day simple moving average of $115.42 and a 200-day simple moving average of $119.03.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.32%. On average, equities analysts anticipate that Camden Property Trust will post 6.8 earnings per share for the current year.

Camden Property Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be given a dividend of $1.05 per share. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Monday, March 31st. Camden Property Trust’s payout ratio is presently 274.67%.

Insider Transactions at Camden Property Trust

In other news, Director Heather J. Brunner sold 1,853 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $212,168.50. Following the transaction, the director now directly owns 10,537 shares of the company’s stock, valued at approximately $1,206,486.50. The trade was a 14.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Alexander J. Jessett sold 1,862 shares of the company’s stock in a transaction on 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 in the company, valued at $13,469,583.04. This represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,413 shares of company stock valued at $2,895,718. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Camden Property Trust

Several institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. raised its holdings in Camden Property Trust by 76.6% in the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 98 shares in the last quarter. First American Bank raised its holdings in Camden Property Trust by 1.0% in the fourth 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 in the last quarter. Fisher Asset Management LLC raised its holdings in Camden Property Trust by 2.5% in the fourth 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 in the last quarter. Verdence Capital Advisors LLC raised its holdings in Camden Property Trust by 5.0% in the third quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust’s stock valued at $294,000 after acquiring an additional 113 shares in the last quarter. Finally, Doliver Advisors LP raised its holdings in Camden Property Trust by 6.7% in the fourth quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust’s stock valued at $209,000 after acquiring an additional 113 shares in the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

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.