By otakuyassine3@gmail.com 
Shares of Camden Property Trust (NYSE:CPT – Get Free Report) have earned a consensus rating of “Hold” from the eighteen analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $126.53.
CPT has been the topic of several recent analyst reports. Barclays boosted their price target on Camden Property Trust from $126.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Wells Fargo & Company dropped their price objective on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. StockNews.com cut Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Stifel Nicolaus lifted their price target on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. Finally, Mizuho cut their price target on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a report on Monday, January 6th.
Check Out Our Latest Stock Report on CPT
Insider Activity at Camden Property Trust
In other Camden Property Trust news, Director Heather J. Brunner sold 264 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $29,055.84. Following the completion of the transaction, the director now owns 10,273 shares in the company, valued at approximately $1,130,646.38. This represents a 2.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard J. Campo sold 1,043 shares of Camden Property Trust stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $114,792.58. Following the sale, the chief executive officer now directly owns 299,092 shares in the company, valued at approximately $32,918,065.52. This trade represents a 0.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,413 shares of company stock worth $2,895,718 in the last 90 days. 1.90% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Camden Property Trust
Several institutional investors have recently bought and sold shares of the stock. Federated Hermes Inc. raised its position in shares of Camden Property Trust by 6.5% during the 4th quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust’s stock worth $170,000 after buying an additional 90 shares in the last quarter. UMB Bank n.a. raised 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 purchasing an additional 98 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Camden Property Trust by 0.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,117 shares of the real estate investment trust’s stock worth $2,102,000 after purchasing an additional 98 shares during the period. First American Bank boosted its stake in Camden Property Trust by 1.0% during the 4th quarter. First American Bank now owns 10,846 shares of the real estate investment trust’s stock valued at $1,259,000 after purchasing an additional 104 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in Camden Property Trust by 2.5% during the 4th quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust’s stock valued at $499,000 after purchasing an additional 105 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.
Camden Property Trust Stock Performance
NYSE:CPT opened at $121.10 on Thursday. Camden Property Trust has a twelve month low of $92.45 and a twelve month high of $127.69. The firm’s fifty day simple moving average is $115.27 and its 200 day simple moving average is $119.38. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $12.93 billion, a price-to-earnings ratio of 80.73, a PEG ratio of 4.41 and a beta of 0.94.
Camden Property Trust (NYSE:CPT – Get Free Report) last announced its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating 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 3.35%. As a group, equities research analysts expect that Camden Property Trust will post 6.76 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. Investors of record on Monday, March 31st will be issued a $1.05 dividend. 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 3.47%. Camden Property Trust’s dividend payout ratio (DPR) is 280.00%.
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.
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