Camden Property Trust (NYSE:CPT) Given Consensus Recommendation of “Hold” by Analysts

Camden Property Trust (NYSE:CPT) has been assigned a consensus rating of “Hold” from the eighteen ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $127.19.

A number of brokerages recently weighed in on CPT. Stifel Nicolaus increased their price objective on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $129.00 to $128.00 in a research report on Tuesday, December 17th. 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 report on Friday, January 24th. Barclays increased their price target on shares of Camden Property Trust from $126.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Finally, Royal Bank of Canada increased their price target on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a “sector perform” rating in a research report on Monday, February 10th.

Camden Property Trust Stock Down 0.7 %

Shares of Camden Property Trust stock opened at $119.16 on Monday. The company has a market cap of $12.72 billion, a price-to-earnings ratio of 79.44, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. The company’s 50 day moving average is $117.61 and its 200 day moving average is $119.22. Camden Property Trust has a twelve month low of $94.75 and a twelve month high of $127.69. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating 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 3.35%. Research analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The firm also recently declared 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. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date is Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a yield of 3.52%. Camden Property Trust’s dividend payout ratio is presently 280.00%.

Insider Transactions at Camden Property Trust

In other news, Director Heather J. Brunner sold 264 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $29,055.84. Following the transaction, the director now directly owns 10,273 shares of the company’s stock, valued at approximately $1,130,646.38. This trade represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Alexander J. Jessett sold 1,862 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $204,931.72. Following the transaction, the chief financial officer now directly owns 122,384 shares in the company, valued at $13,469,583.04. The trade was a 1.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,548 shares of company stock worth $2,912,212. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Camden Property Trust

Several institutional investors have recently bought and sold shares of the business. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Camden Property Trust in the third quarter worth $790,000. PNC Financial Services Group Inc. lifted its position in Camden Property Trust by 2.1% during the third quarter. PNC Financial Services Group Inc. now owns 16,908 shares of the real estate investment trust’s stock valued at $2,089,000 after purchasing an additional 351 shares during the period. Moors & Cabot Inc. acquired a new position in Camden Property Trust during the third quarter valued at $214,000. Charles Schwab Investment Management Inc. lifted its position in Camden Property Trust by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,498,742 shares of the real estate investment trust’s stock valued at $185,140,000 after purchasing an additional 51,742 shares during the period. Finally, Eagle Asset Management Inc. acquired a new position in Camden Property Trust during the third quarter valued at $8,043,000. 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.