Camden Property Trust (NYSE:CPT) Given Average Rating of “Hold” by Analysts

Shares of Camden Property Trust (NYSE:CPT) have been assigned an average rating of “Hold” from the eighteen analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $129.39.

Several research firms have weighed in on CPT. Scotiabank lowered their price target on Camden Property Trust from $144.00 to $136.00 and set a “sector perform” rating on the stock in a research report on Friday, June 13th. Wall Street Zen downgraded shares of Camden Property Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 24th. Citigroup raised shares of Camden Property Trust from a “neutral” rating to a “buy” rating and upped their price target for the stock from $125.00 to $138.00 in a research report on Friday, March 28th. JPMorgan Chase & Co. increased their price target on shares of Camden Property Trust from $127.00 to $129.00 and gave the company an “underweight” rating in a research note on Tuesday, June 17th. Finally, Mizuho lowered their price target on Camden Property Trust from $130.00 to $122.00 and set an “outperform” rating on the stock in a research report on Friday, May 23rd.

Camden Property Trust Stock Performance

Shares of CPT opened at $112.84 on Wednesday. The stock has a market capitalization of $12.06 billion, a price-to-earnings ratio of 103.52, a PEG ratio of 3.41 and a beta of 0.77. Camden Property Trust has a 12 month low of $102.35 and a 12 month high of $127.69. The firm has a fifty day simple moving average of $116.20 and a 200 day simple moving average of $116.19. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.80.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.04. The company had revenue of $390.57 million during the quarter, compared to the consensus estimate of $388.47 million. Camden Property Trust had a net margin of 7.62% and a return on equity of 2.47%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.70 EPS. Research analysts forecast that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend is Monday, June 30th. Camden Property Trust’s dividend payout ratio (DPR) is presently 385.32%.

Insider Transactions at Camden Property Trust

In other Camden Property Trust news, CEO Richard J. Campo sold 5,572 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $119.50, for a total value of $665,854.00. Following the transaction, the chief executive officer directly owned 289,720 shares of the company’s stock, valued at $34,621,540. This trade represents a 1.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven A. Webster sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $118.76, for a total transaction of $142,512.00. Following the completion of the transaction, the director owned 117,374 shares of the company’s stock, valued at $13,939,336.24. The trade was a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CPT. Norges Bank bought a new position in shares of Camden Property Trust in the 4th quarter valued at $187,606,000. Millennium Management LLC boosted its stake in Camden Property Trust by 1,669.3% in the first quarter. Millennium Management LLC now owns 1,078,335 shares of the real estate investment trust’s stock valued at $131,880,000 after buying an additional 1,017,388 shares in the last quarter. Nuveen LLC acquired a new stake in Camden Property Trust in the first quarter valued at about $123,882,000. Invesco Ltd. grew its position in Camden Property Trust by 17.3% in the fourth quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust’s stock valued at $344,432,000 after acquiring an additional 438,685 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Camden Property Trust by 12,973.9% in the first quarter. GAMMA Investing LLC now owns 403,590 shares of the real estate investment trust’s stock valued at $49,359,000 after acquiring an additional 400,503 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

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.