Camden Property Trust (NYSE:CPT) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Camden Property Trust (NYSE:CPT – Get Rating) in a report published on Thursday morning. The firm issued a sell rating on the real estate investment trust’s stock.

Several other brokerages also recently issued reports on CPT. Mizuho lifted their price objective on Camden Property Trust from $131.00 to $132.00 and gave the company a buy rating in a research report on Thursday, February 23rd. Piper Sandler lowered shares of Camden Property Trust from an overweight rating to a neutral rating and set a $136.00 price objective on the stock. in a report on Thursday, February 2nd. Truist Financial lowered their price objective on shares of Camden Property Trust from $160.00 to $136.00 and set a buy rating for the company in a research report on Tuesday, November 29th. Citigroup increased their price target on shares of Camden Property Trust from $120.00 to $130.00 and gave the company a neutral rating in a research note on Tuesday, February 7th. Finally, Royal Bank of Canada dropped their price objective on shares of Camden Property Trust from $135.00 to $134.00 and set an outperform rating for the company in a research report on Wednesday, February 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $139.62.

Camden Property Trust Stock Performance

NYSE CPT opened at $101.72 on Thursday. Camden Property Trust has a 1-year low of $101.34 and a 1-year high of $175.69. The company has a 50 day moving average of $116.89 and a 200-day moving average of $117.15. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.73. The firm has a market cap of $10.85 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 3.11 and a beta of 0.79.

Camden Property Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Friday, March 31st will be issued a $1.00 dividend. The ex-dividend date is Thursday, March 30th. This is a positive change from Camden Property Trust’s previous quarterly dividend of $0.94. This represents a $4.00 annualized dividend and a yield of 3.93%. Camden Property Trust’s dividend payout ratio (DPR) is 62.77%.

Insider Transactions at Camden Property Trust

In related news, CAO Michael P. Gallagher sold 1,332 shares of the company’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $112.57, for a total value of $149,943.24. Following the completion of the sale, the chief accounting officer now owns 28,110 shares in the company, valued at approximately $3,164,342.70. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Camden Property Trust news, EVP William W. Sengelmann sold 10,292 shares of the firm’s stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $112.57, for a total transaction of $1,158,570.44. Following the sale, the executive vice president now directly owns 68,667 shares in the company, valued at approximately $7,729,844.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Michael P. Gallagher sold 1,332 shares of Camden Property Trust stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $112.57, for a total transaction of $149,943.24. Following the completion of the transaction, the chief accounting officer now directly owns 28,110 shares in the company, valued at approximately $3,164,342.70. The disclosure for this sale can be found here. Insiders have sold a total of 12,902 shares of company stock valued at $1,452,378 over the last three months. 2.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Camden Property Trust

Several institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. raised its stake in shares of Camden Property Trust by 9.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 2,365 shares of the real estate investment trust’s stock valued at $393,000 after purchasing an additional 207 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in Camden Property Trust in the 1st quarter valued at approximately $961,000. Natixis Advisors L.P. lifted its stake in Camden Property Trust by 14.3% in the 1st quarter. Natixis Advisors L.P. now owns 11,555 shares of the real estate investment trust’s stock valued at $1,920,000 after acquiring an additional 1,450 shares in the last quarter. Prudential PLC acquired a new position in Camden Property Trust during the 1st quarter worth approximately $421,000. Finally, Cetera Investment Advisers grew its stake in shares of Camden Property Trust by 17.2% during the 1st quarter. Cetera Investment Advisers now owns 1,680 shares of the real estate investment trust’s stock worth $279,000 after acquiring an additional 246 shares in the last quarter. 93.25% of the stock is owned by institutional investors.

About Camden Property Trust

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Camden Property Trust operates as a real estate investment trust. The firm engages in the ownership, management, development, reposition, redevelopment, acquisition, and construction of multifamily apartment communities. It focus on investing in markets characterized by high-growth economic conditions, strong employment, and attractive quality of life.