Camden Property Trust (NYSE:CPT) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Camden Property Trust (NYSE:CPT – Get Rating) have been assigned an average recommendation of “Moderate Buy” from the sixteen research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $139.62.

Several research analysts have recently commented on CPT shares. TheStreet downgraded Camden Property Trust from a “b” rating to a “c+” rating in a research note on Monday, November 28th. Royal Bank of Canada dropped their price target on shares of Camden Property Trust from $135.00 to $134.00 and set an “outperform” rating for the company in a research report on Wednesday, February 8th. Barclays decreased their price objective on shares of Camden Property Trust from $169.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, November 10th. Truist Financial lowered their target price on shares of Camden Property Trust from $160.00 to $136.00 and set a “buy” rating on the stock in a research note on Tuesday, November 29th. Finally, UBS Group initiated coverage on Camden Property Trust in a research note on Thursday, December 15th. They issued a “buy” rating and a $137.00 price target for the company.

Insider Transactions at Camden Property Trust

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

Institutional Investors Weigh In On Camden Property Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. raised its position in Camden Property Trust by 9.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 2,365 shares of the real estate investment trust’s stock worth $393,000 after purchasing an additional 207 shares during the period. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Camden Property Trust during the 1st quarter worth approximately $961,000. Natixis Advisors L.P. boosted its holdings in Camden Property Trust by 14.3% during the 1st quarter. Natixis Advisors L.P. now owns 11,555 shares of the real estate investment trust’s stock valued at $1,920,000 after acquiring an additional 1,450 shares during the period. Prudential PLC bought a new position in Camden Property Trust in the 1st quarter valued at $421,000. Finally, Cetera Investment Advisers increased its stake in Camden Property Trust by 17.2% in the first quarter. Cetera Investment Advisers now owns 1,680 shares of the real estate investment trust’s stock worth $279,000 after purchasing an additional 246 shares during the period. Hedge funds and other institutional investors own 93.25% of the company’s stock.

Camden Property Trust Price Performance

Shares of Camden Property Trust stock opened at $116.13 on Friday. The stock has a market cap of $12.39 billion, a P/E ratio of 19.39, a P/E/G ratio of 3.37 and a beta of 0.79. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.10 and a current ratio of 0.10. The stock’s fifty day moving average is $117.40 and its 200 day moving average is $119.36. Camden Property Trust has a one year low of $107.90 and a one year high of $175.69.

Camden Property Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Friday, March 31st will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.44%. The ex-dividend date is Thursday, March 30th. This is a boost from Camden Property Trust’s previous quarterly dividend of $0.94. Camden Property Trust’s dividend payout ratio (DPR) is currently 62.77%.

Camden Property Trust Company Profile

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Camden Property Trust operates as a real estate investment trust. The firm engages in the ownership, management, development, reposition, redevelopment, acquisition, and construction of multifamily apartment communities. It focus on investing in markets characterized by high-growth economic conditions, strong employment, and attractive quality of life.