Royal Bank of Canada reaffirmed their sector perform rating on shares of Camden Property Trust (NYSE:CPT – Free Report) in a research report released on Wednesday morning,Benzinga reports. They currently have a $121.00 target price on the real estate investment trust’s stock.
Several other research firms have also recently commented on CPT. 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 research note on Monday, January 6th. 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 research note on Thursday, November 14th. JPMorgan Chase & Co. cut shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $129.00 to $128.00 in a research note on Tuesday, December 17th. Jefferies Financial Group started coverage on shares of Camden Property Trust in a research note on Friday, October 11th. They issued a “hold” rating and a $123.00 target price for the company. Finally, Stifel Nicolaus cut shares of Camden Property Trust from a “buy” rating to a “hold” rating and lifted their target price for the stock from $120.00 to $121.00 in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $125.36.
Read Our Latest Stock Report on Camden Property Trust
Camden Property Trust Trading Up 0.6 %
Camden Property Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Wednesday, December 18th were given a dividend of $1.03 per share. The ex-dividend date was Wednesday, December 18th. This represents a $4.12 dividend on an annualized basis and a yield of 3.72%. Camden Property Trust’s dividend payout ratio (DPR) is 130.38%.
Insider Buying and Selling
In other Camden Property Trust news, CFO Alexander J. Jessett sold 13,067 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 value of $1,496,171.50. Following the transaction, the chief financial officer now owns 124,246 shares in the company, valued at $14,226,167. The trade was a 9.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Heather J. Brunner sold 264 shares of the business’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 $29,055.84. Following the completion of the transaction, the director now owns 10,273 shares in the company, valued at $1,130,646.38. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 25,413 shares of company stock valued at $2,895,718. Company insiders own 1.80% of the company’s stock.
Institutional Investors Weigh In On Camden Property Trust
A number of institutional investors have recently modified their holdings of CPT. Federated Hermes Inc. acquired a new stake in shares of Camden Property Trust in the 2nd quarter valued at about $33,000. Canada Pension Plan Investment Board raised its stake in shares of Camden Property Trust by 2,307.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 93,900 shares of the real estate investment trust’s stock valued at $10,245,000 after purchasing an additional 90,000 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Camden Property Trust by 4.8% in the 2nd quarter. Pacer Advisors Inc. now owns 7,593 shares of the real estate investment trust’s stock valued at $828,000 after purchasing an additional 345 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of Camden Property Trust by 0.5% in the 2nd quarter. ProShare Advisors LLC now owns 31,349 shares of the real estate investment trust’s stock valued at $3,420,000 after purchasing an additional 146 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its position in shares of Camden Property Trust by 15.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 14,776 shares of the real estate investment trust’s stock valued at $1,612,000 after buying an additional 1,990 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.
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.
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