Camden Property Trust (NYSE:CPT) Price Target Raised to $127.00 at Evercore ISI

Camden Property Trust (NYSE:CPT) had its price objective hoisted by Evercore ISI from $118.00 to $127.00 in a report issued on Monday morning,Benzinga reports. They currently have an in-line rating on the real estate investment trust’s stock.

Other equities research analysts also recently issued reports about the stock. Scotiabank lowered their price objective on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. Barclays lowered their price objective on shares of Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Mizuho lowered their price objective on shares of 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. Wells Fargo & Company lowered their price objective 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. Finally, JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $129.00 to $128.00 in a research note on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $126.03.

Camden Property Trust Price Performance

NYSE CPT opened at $119.46 on Monday. The firm’s fifty day simple moving average is $115.42 and its two-hundred day simple moving average is $119.03. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. Camden Property Trust has a 12-month low of $90.50 and a 12-month high of $127.69. The firm has a market capitalization of $12.74 billion, a P/E ratio of 79.64, a P/E/G ratio of 4.27 and a beta of 0.94.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results 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 3.32%. Analysts forecast that Camden Property Trust will post 6.8 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

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

Insiders Place Their Bets

In other news, CFO Alexander J. Jessett sold 13,067 shares of the business’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 $1,496,171.50. Following the completion of the sale, the chief financial officer now owns 124,246 shares of the company’s stock, valued at $14,226,167. The trade was a 9.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard J. Campo sold 7,324 shares of the business’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 $838,598.00. Following the sale, the chief executive officer now directly owns 300,135 shares of the company’s stock, valued at $34,365,457.50. This represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,413 shares of company stock worth $2,895,718. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Camden Property Trust

A number of institutional investors and hedge funds have recently modified their holdings of CPT. CWM LLC increased its stake in shares of Camden Property Trust by 20.4% during the third quarter. CWM LLC now owns 2,541 shares of the real estate investment trust’s stock worth $314,000 after purchasing an additional 430 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Camden Property Trust by 1,538.5% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,065 shares of the real estate investment trust’s stock valued at $132,000 after acquiring an additional 1,000 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in Camden Property Trust by 37.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,938 shares of the real estate investment trust’s stock valued at $239,000 after acquiring an additional 526 shares in the last quarter. Creative Planning grew its stake in Camden Property Trust by 5.3% during the 3rd quarter. Creative Planning now owns 9,012 shares of the real estate investment trust’s stock valued at $1,113,000 after acquiring an additional 453 shares in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new stake in Camden Property Trust during the 3rd quarter valued at about $372,000. Hedge funds and other institutional investors own 97.22% 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.