Camden Property Trust (NYSE:CPT) Cut to “Sell” at StockNews.com

StockNews.com cut shares of Camden Property Trust (NYSE:CPT) from a hold rating to a sell rating in a research note published on Thursday morning.

Several other equities research analysts also recently weighed in on CPT. Mizuho cut their price target 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 upped their price target on Camden Property Trust from $126.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday. Scotiabank upped their price target on Camden Property Trust from $130.00 to $135.00 and gave the stock a “sector perform” rating in a report on Friday, February 14th. JPMorgan Chase & Co. downgraded Camden Property Trust from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $129.00 to $128.00 in a report on Tuesday, December 17th. Finally, Wells Fargo & Company cut their price target 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. Two 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $126.53.

Camden Property Trust Price Performance

CPT stock opened at $119.93 on Thursday. 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 company has a market capitalization of $12.79 billion, a PE ratio of 79.95, a P/E/G ratio of 4.41 and a beta of 0.94. Camden Property Trust has a 12-month low of $92.26 and a 12-month high of $127.69. The business’s fifty day moving average price is $115.03 and its 200 day moving average price is $119.32.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. On average, sell-side analysts anticipate that Camden Property Trust will post 6.76 EPS for the current 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. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.50%. Camden Property Trust’s dividend payout ratio is 274.67%.

Insider Activity at Camden Property Trust

In related news, Director Heather J. Brunner sold 1,853 shares of the company’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 $212,168.50. Following the completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard J. Campo sold 1,043 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 $114,792.58. Following the completion of the sale, the chief executive officer now directly owns 299,092 shares of the company’s stock, valued at approximately $32,918,065.52. This trade represents a 0.35 % 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 in the last three months. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank grew its stake in shares of Camden Property Trust by 8.4% in the 4th quarter. Toronto Dominion Bank now owns 57,073 shares of the real estate investment trust’s stock valued at $6,623,000 after purchasing an additional 4,404 shares during the last quarter. GF Fund Management CO. LTD. purchased a new position in shares of Camden Property Trust in the 4th quarter valued at approximately $225,000. Highview Capital Management LLC DE grew its stake in shares of Camden Property Trust by 2.1% in the 4th quarter. Highview Capital Management LLC DE now owns 10,262 shares of the real estate investment trust’s stock valued at $1,191,000 after purchasing an additional 213 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Camden Property Trust by 2.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 972,112 shares of the real estate investment trust’s stock valued at $112,804,000 after purchasing an additional 25,695 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC grew its stake in shares of Camden Property Trust by 74.5% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 54,107 shares of the real estate investment trust’s stock valued at $6,279,000 after purchasing an additional 23,102 shares during the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

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.