Stifel Nicolaus Forecasts Strong Price Appreciation for Camden Property Trust (NYSE:CPT) Stock

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

A number of other research firms also recently weighed in on CPT. Barclays cut their price target on Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. StockNews.com downgraded shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Mizuho reduced their price objective on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. Jefferies Financial Group assumed coverage on shares of Camden Property Trust in a research report on Friday, October 11th. They set a “hold” rating and a $123.00 target price on the stock. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $121.00 price target on shares of Camden Property Trust in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $125.42.

Camden Property Trust Stock Up 1.4 %

NYSE:CPT opened at $119.33 on Friday. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. Camden Property Trust has a 1-year low of $90.50 and a 1-year high of $127.69. The business’s fifty day moving average price is $115.64 and its 200 day moving average price is $118.85. The firm has a market capitalization of $12.73 billion, a price-to-earnings ratio of 37.76, a PEG ratio of 4.13 and a beta of 0.94.

Camden Property Trust (NYSE:CPT) last posted its quarterly 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 22.32% and a return on equity of 6.97%. On average, sell-side analysts forecast that Camden Property Trust will post 6.75 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be paid a dividend of $1.05 per share. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a dividend yield of 3.52%. The ex-dividend date is Monday, March 31st. Camden Property Trust’s dividend payout ratio is 130.38%.

Insider Activity at Camden Property Trust

In other Camden Property Trust news, CFO Alexander J. Jessett sold 13,067 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $1,496,171.50. Following the transaction, the chief financial officer now owns 124,246 shares of the company’s stock, valued at approximately $14,226,167. This represents a 9.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard J. Campo sold 7,324 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $838,598.00. Following the transaction, the chief executive officer now owns 300,135 shares of the company’s stock, valued at $34,365,457.50. The trade was a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,413 shares of company stock valued at $2,895,718 over the last quarter. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Camden Property Trust

Several institutional investors and hedge funds have recently made changes to their positions in CPT. UMB Bank n.a. lifted its holdings in Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 98 shares in the last quarter. National Pension Service bought a new position in shares of Camden Property Trust during the 4th quarter valued at about $26,000. Quent Capital LLC grew its position 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 valued at $28,000 after purchasing an additional 114 shares during the period. Neo Ivy Capital Management acquired a new stake in Camden Property Trust during the 3rd quarter worth 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 buying an additional 206 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

About Camden Property Trust

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.