Camden Property Trust (NYSE:CPT) Upgraded by Mizuho to Buy

Mizuho upgraded shares of Camden Property Trust (NYSE:CPTGet Rating) from a neutral rating to a buy rating in a research note issued to investors on Tuesday morning, MarketBeat.com reports. The brokerage currently has $125.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $119.00.

Several other analysts have also commented on the stock. Barclays cut their target price on shares of Camden Property Trust from $169.00 to $145.00 and set an overweight rating for the company in a research note on Thursday, November 10th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Camden Property Trust from $153.00 to $140.00 in a report on Wednesday, January 4th. Truist Financial cut their price target on shares of Camden Property Trust from $160.00 to $136.00 and set a buy rating on the stock in a report on Tuesday, November 29th. Piper Sandler cut their price target on shares of Camden Property Trust from $165.00 to $142.00 and set an overweight rating on the stock in a report on Friday, October 7th. Finally, TheStreet lowered shares of Camden Property Trust from a b rating to a c+ rating in a report on Monday, November 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $142.69.

Camden Property Trust Stock Up 0.3 %

CPT stock opened at $113.39 on Tuesday. Camden Property Trust has a 12 month low of $107.90 and a 12 month high of $175.69. The firm has a market cap of $12.08 billion, a PE ratio of 14.94, a P/E/G ratio of 2.85 and a beta of 0.74. The firm has a 50 day simple moving average of $113.85 and a 200 day simple moving average of $123.74. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.24 and a quick ratio of 0.24.

Camden Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Friday, December 16th will be given a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 3.32%. The ex-dividend date is Thursday, December 15th. Camden Property Trust’s dividend payout ratio is 49.54%.

Insiders Place Their Bets

In other Camden Property Trust news, Director Heather J. Brunner sold 1,278 shares of the business’s stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $112.57, for a total value of $143,864.46. Following the completion of the sale, the director now directly owns 9,473 shares of the company’s stock, valued at $1,066,375.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Camden Property Trust news, Director Heather J. Brunner sold 1,278 shares of the business’s stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $112.57, for a total value of $143,864.46. Following the completion of the sale, the director now directly owns 9,473 shares of the company’s stock, valued at $1,066,375.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Michael P. Gallagher sold 1,332 shares of the business’s stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $112.57, for a total transaction of $149,943.24. Following the completion of the sale, the chief accounting officer now directly owns 28,110 shares of the company’s stock, valued at $3,164,342.70. The disclosure for this sale can be found here. Insiders sold 12,902 shares of company stock valued at $1,452,378 over the last ninety days. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Camden Property Trust

Several large investors have recently modified their holdings of CPT. Cohen & Steers Inc. boosted its holdings in shares of Camden Property Trust by 18.4% during the 3rd quarter. Cohen & Steers Inc. now owns 11,319,751 shares of the real estate investment trust’s stock worth $1,352,022,000 after buying an additional 1,758,386 shares during the period. PGGM Investments bought a new stake in shares of Camden Property Trust during the 3rd quarter worth $123,786,000. JPMorgan Chase & Co. boosted its holdings in shares of Camden Property Trust by 20.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,430,064 shares of the real estate investment trust’s stock worth $595,754,000 after buying an additional 762,939 shares during the period. State Street Corp boosted its holdings in shares of Camden Property Trust by 12.5% during the 2nd quarter. State Street Corp now owns 6,825,189 shares of the real estate investment trust’s stock worth $924,069,000 after buying an additional 758,674 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Camden Property Trust by 45.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 1,915,471 shares of the real estate investment trust’s stock worth $228,803,000 after buying an additional 594,675 shares during the period. 93.25% of the stock is owned by institutional investors.

About Camden Property Trust

(Get Rating)

Camden Property Trust, an S&P 400 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 167 properties containing 56,850 apartment homes across the United States.

See Also

Analyst Recommendations for Camden Property Trust (NYSE:CPT)

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