Camden Property Trust (NYSE:CPT) Price Target Raised to $123.00

Camden Property Trust (NYSE:CPT) had its price target lifted by Royal Bank of Canada from $121.00 to $123.00 in a research report released on Monday,Benzinga reports. The brokerage currently has a sector perform rating on the real estate investment trust’s stock.

Several other research analysts have also recently commented on the stock. JPMorgan Chase & Co. cut shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $129.00 to $128.00 in a report on Tuesday, December 17th. Stifel Nicolaus increased their target price on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a report on Friday, February 7th. Evercore ISI increased their target price on shares of Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a report on Monday. Scotiabank reduced their target price on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. Finally, Mizuho reduced their target price on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $126.03.

Camden Property Trust Stock Down 1.1 %

Shares of CPT stock opened at $118.46 on Monday. The firm has a fifty day moving average of $115.30 and a 200-day moving average of $119.08. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. Camden Property Trust has a 12-month low of $90.50 and a 12-month high of $127.69. The company has a market capitalization of $12.64 billion, a price-to-earnings ratio of 78.97, a P/E/G ratio of 4.27 and a beta of 0.94.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, topping the consensus estimate of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.32%. As a group, equities research analysts predict that Camden Property Trust will post 6.8 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued 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 of this dividend is Monday, March 31st. This represents a $4.20 annualized dividend and a dividend yield of 3.55%. Camden Property Trust’s payout ratio is presently 274.67%.

Insider Buying and Selling

In related news, CEO Richard J. Campo sold 7,324 shares of Camden Property Trust stock in a transaction dated Monday, January 6th. The shares were 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 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 filing with the SEC, which is accessible through the SEC website. Also, Director Heather J. Brunner sold 1,853 shares of Camden Property Trust stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $212,168.50. Following the completion of the sale, the director now owns 10,537 shares of the company’s stock, valued at $1,206,486.50. This trade represents a 14.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,413 shares of company stock valued at $2,895,718. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Camden Property Trust

Several hedge funds and other institutional investors have recently bought and sold shares of CPT. CWM LLC raised its stake in Camden Property Trust by 20.4% in the 3rd quarter. CWM LLC now owns 2,541 shares of the real estate investment trust’s stock worth $314,000 after purchasing an additional 430 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Camden Property Trust by 1,538.5% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,065 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 1,000 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in Camden Property Trust by 37.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,938 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 526 shares in the last quarter. Creative Planning raised its stake in Camden Property Trust by 5.3% in the 3rd quarter. Creative Planning now owns 9,012 shares of the real estate investment trust’s stock worth $1,113,000 after purchasing an additional 453 shares in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in Camden Property Trust in the 3rd quarter worth about $372,000. Institutional investors and hedge funds own 97.22% of the company’s stock.

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.