Camden Property Trust (NYSE:CPT) Receives $127.19 Consensus PT from Analysts

Camden Property Trust (NYSE:CPT) has been given an average recommendation of “Hold” by the eighteen research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $127.19.

Several brokerages have weighed in on CPT. Wells Fargo & Company cut their price target on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Evercore ISI upped their target price on Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. Mizuho reduced their target price on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a research report on Monday, January 6th. StockNews.com upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a report on Tuesday, March 18th. Finally, Barclays upped their price objective on shares of Camden Property Trust from $126.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th.

Insider Transactions at Camden Property Trust

In other news, CFO Alexander J. Jessett sold 13,067 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 $1,496,171.50. Following the completion of the sale, the chief financial officer now owns 124,246 shares of the company’s stock, valued at $14,226,167. This represents a 9.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Heather J. Brunner sold 264 shares of the firm’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 sale, the director now owns 10,273 shares in the company, valued at approximately $1,130,646.38. The trade was a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,548 shares of company stock valued at $2,912,212 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Camden Property Trust

Hedge funds have recently made changes to their positions in the company. Federated Hermes Inc. boosted its stake in shares of Camden Property Trust by 6.5% in the fourth quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust’s stock valued at $170,000 after purchasing an additional 90 shares during the period. UMB Bank n.a. lifted its holdings in Camden Property Trust by 76.6% in the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 98 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Camden Property Trust by 0.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,117 shares of the real estate investment trust’s stock valued at $2,102,000 after buying an additional 98 shares during the last quarter. First American Bank grew its stake in shares of Camden Property Trust by 1.0% during the fourth quarter. First American Bank now owns 10,846 shares of the real estate investment trust’s stock valued at $1,259,000 after acquiring an additional 104 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Camden Property Trust by 2.5% during the fourth quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust’s stock worth $499,000 after acquiring an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Trading Up 0.7 %

Camden Property Trust stock opened at $122.10 on Monday. The stock has a market cap of $13.04 billion, a PE ratio of 81.40, a P/E/G ratio of 4.41 and a beta of 0.94. 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 50-day moving average price of $118.19 and a 200 day moving average price of $119.22. Camden Property Trust has a 52 week low of $94.75 and a 52 week high of $127.69.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. Equities research analysts predict that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.05 per share. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Monday, March 31st. Camden Property Trust’s payout ratio is currently 280.00%.

Camden Property Trust Company Profile

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.