Camden Property Trust (NYSE:CPT) Given Consensus Rating of “Hold” by Brokerages

Camden Property Trust (NYSE:CPT) has received an average recommendation of “Hold” from the eighteen analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $126.53.

A number of research firms recently issued reports on CPT. Scotiabank boosted 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 research report on Friday, February 14th. Wells Fargo & Company dropped their target price on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Royal Bank of Canada boosted their target price on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a research report on Monday, February 10th. Mizuho lowered their price objective 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. Finally, Stifel Nicolaus upped their price objective on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a report on Friday, February 7th.

Camden Property Trust Trading Up 1.1 %

NYSE:CPT opened at $125.42 on Thursday. The firm’s fifty day moving average is $115.66 and its 200-day moving average is $119.43. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. Camden Property Trust has a 52 week low of $92.99 and a 52 week high of $127.69. The firm has a market cap of $13.39 billion, a P/E ratio of 83.61, a P/E/G ratio of 4.41 and a beta of 0.94.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating 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 analysts expect that Camden Property Trust will post 6.76 earnings per share 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. Stockholders of record on Monday, March 31st will be issued a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.20 annualized dividend and a dividend yield of 3.35%. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s dividend payout ratio is currently 280.00%.

Insider Activity

In related news, Director Heather J. Brunner sold 1,853 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $212,168.50. Following the completion of the transaction, the director now owns 10,537 shares in the company, valued at approximately $1,206,486.50. This represents a 14.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard J. Campo sold 7,324 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $838,598.00. Following the transaction, the chief executive officer now owns 300,135 shares of the company’s stock, valued at approximately $34,365,457.50. The trade was a 2.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,413 shares of company stock worth $2,895,718 over the last quarter. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Camden Property Trust

Institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. grew its position 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 valued at $26,000 after buying an additional 98 shares during the period. National Pension Service bought a new position in Camden Property Trust during the fourth quarter worth about $26,000. Quent Capital LLC boosted its position in Camden Property Trust by 87.0% during the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 114 shares during the period. IAG Wealth Partners LLC bought a new position in Camden Property Trust during the fourth quarter worth about $29,000. Finally, Bellwether Advisors LLC bought a new position in Camden Property Trust during the fourth quarter worth about $31,000. Institutional investors own 97.22% of the company’s stock.

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.