Camden Property Trust (NYSE:CPT) Price Target Raised to $122.00

Camden Property Trust (NYSE:CPT) had its target price upped by Stifel Nicolaus from $121.00 to $122.00 in a research report released on Friday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the real estate investment trust’s stock.

Several other research firms also recently weighed in on CPT. Mizuho cut their price objective on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. Barclays cut their price objective on Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Scotiabank cut their price objective on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. StockNews.com downgraded Camden Property Trust from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $121.00 price objective on shares of Camden Property Trust in a report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $125.42.

Camden Property Trust Trading Up 1.4 %

Shares of CPT stock opened at $119.33 on Friday. The stock’s fifty day moving average price is $115.51 and its two-hundred day moving average price is $118.97. The company has a market cap of $12.73 billion, a PE ratio of 79.55, a P/E/G ratio of 4.27 and a beta of 0.94. Camden Property Trust has a fifty-two week low of $90.50 and a fifty-two week high of $127.69. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15.

Camden Property Trust (NYSE:CPT) last issued its earnings results 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 return on equity of 3.32% and a net margin of 10.58%. Equities analysts predict that Camden Property Trust will post 6.8 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 3.52%. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date is Monday, March 31st. Camden Property Trust’s payout ratio is presently 274.67%.

Insider Activity at Camden Property Trust

In other Camden Property Trust news, CEO Richard J. Campo sold 7,324 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $838,598.00. Following the completion of the sale, the chief executive officer now directly owns 300,135 shares of the company’s stock, valued at approximately $34,365,457.50. The trade was a 2.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Heather J. Brunner sold 1,853 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $212,168.50. Following the sale, the director now directly owns 10,537 shares of the company’s stock, valued at $1,206,486.50. This represents a 14.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,413 shares of company stock valued at $2,895,718 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Camden Property Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. boosted its stake in shares of Camden Property Trust by 76.6% in the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 98 shares during the last quarter. National Pension Service purchased a new position in shares of Camden Property Trust in the 4th quarter worth approximately $26,000. Quent Capital LLC boosted its stake in shares of Camden Property Trust by 87.0% in the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 114 shares during the last quarter. Neo Ivy Capital Management purchased a new position in Camden Property Trust in the third quarter valued at approximately $38,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Camden Property Trust by 117.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 206 shares during the last quarter. 97.22% of the stock is owned by institutional investors.

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.