Brokerages Set Camden Property Trust (NYSE:CPT) Price Target at $126.53

Camden Property Trust (NYSE:CPT) has earned a consensus recommendation of “Hold” from the eighteen research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $126.53.

Several brokerages have recently issued reports on CPT. StockNews.com upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Mizuho decreased their price objective on 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. Scotiabank raised their target price on shares of Camden Property Trust from $130.00 to $135.00 and gave the company a “sector perform” rating in a report on Friday, February 14th. Royal Bank of Canada boosted their price target on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a “sector perform” rating in a report on Monday, February 10th. Finally, Barclays lifted their price objective on shares of Camden Property Trust from $126.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th.

Camden Property Trust Trading Up 1.0 %

Shares of NYSE CPT opened at $124.48 on Thursday. The stock has a fifty day simple moving average of $116.00 and a 200-day simple moving average of $119.50. Camden Property Trust has a twelve month low of $94.75 and a twelve month high of $127.69. 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 stock has a market capitalization of $13.29 billion, a PE ratio of 82.99, a PEG ratio of 4.41 and a beta of 0.94.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (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 3.35%. On average, equities analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.37%. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date is Monday, March 31st. Camden Property Trust’s dividend payout ratio is presently 280.00%.

Insider Transactions at Camden Property Trust

In related news, CEO Richard J. Campo sold 1,043 shares of Camden Property Trust stock in a transaction 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 transaction, the chief executive officer now directly owns 299,092 shares in the company, valued at $32,918,065.52. This trade represents a 0.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Heather J. Brunner sold 1,853 shares of the firm’s stock in a transaction on 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. Over the last quarter, insiders sold 25,413 shares of company stock worth $2,895,718. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Camden Property Trust

Institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. increased its holdings in Camden Property Trust by 76.6% in the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 98 shares in the last quarter. National Pension Service purchased a new stake in Camden Property Trust during the fourth quarter worth $26,000. Quent Capital LLC increased its position in shares of Camden Property Trust by 87.0% in the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 114 shares in the last quarter. IAG Wealth Partners LLC acquired a new position in shares of Camden Property Trust during the 4th quarter worth $29,000. Finally, Bellwether Advisors LLC purchased a new stake in shares of Camden Property Trust in the 4th quarter worth about $31,000. 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.