Camden Property Trust (NYSE:CPT) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Camden Property Trust (NYSE:CPT) from a sell rating to a hold rating in a research report report published on Tuesday.

A number of other research analysts have also weighed in on CPT. Jefferies Financial Group raised shares of Camden Property Trust from a “hold” rating to a “buy” rating and raised their price target for the company from $117.00 to $139.00 in a research note on Monday, March 10th. Mizuho decreased their price target on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Wells Fargo & Company decreased their price target on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Stifel Nicolaus raised their target price 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. Finally, Royal Bank of Canada raised their target price on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a “sector perform” rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Camden Property Trust presently has an average rating of “Hold” and a consensus price target of $127.19.

Camden Property Trust Price Performance

Shares of CPT opened at $119.55 on Tuesday. The business’s 50-day moving average is $117.06 and its two-hundred day moving average is $119.35. The company has a market capitalization of $12.76 billion, a P/E ratio of 79.70, a P/E/G ratio of 4.41 and a beta of 0.94. 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 has a fifty-two week low of $94.75 and a fifty-two week high of $127.69.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share 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%. Research analysts predict that Camden Property Trust will post 6.76 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. Investors of record on Monday, March 31st will be paid a dividend of $1.05 per share. 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 3.51%. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s payout ratio is presently 280.00%.

Insider Buying and Selling

In related news, Director Heather J. Brunner sold 264 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $29,055.84. Following the completion of the sale, the director now directly owns 10,273 shares of the company’s stock, valued at $1,130,646.38. The trade was a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Alexander J. Jessett sold 1,862 shares of the business’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 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 25,548 shares of company stock worth $2,912,212. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Camden Property Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the business. SMART Wealth LLC acquired a new position in shares of Camden Property Trust during the third quarter worth about $829,000. Nordea Investment Management AB grew its position in Camden Property Trust by 15.0% during the fourth quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust’s stock worth $11,339,000 after buying an additional 12,805 shares during the period. Franklin Resources Inc. grew its position in Camden Property Trust by 3.2% during the third quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust’s stock worth $23,174,000 after buying an additional 5,985 shares during the period. Principal Financial Group Inc. grew its position in Camden Property Trust by 10.5% during the third quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust’s stock worth $66,563,000 after buying an additional 51,097 shares during the period. Finally, Atomi Financial Group Inc. grew its position in Camden Property Trust by 7.7% during the fourth quarter. Atomi Financial Group Inc. now owns 2,335 shares of the real estate investment trust’s stock worth $271,000 after buying an additional 166 shares during the period. 97.22% of the stock is 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.