Brokerages Set Camden Property Trust (NYSE:CPT) Target Price at $127.19

Shares of Camden Property Trust (NYSE:CPT) have been assigned an average rating of “Hold” from the nineteen analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $127.76.

Several equities research analysts recently issued reports on CPT shares. Barclays upped their price target on Camden Property Trust from $126.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Wells Fargo & Company reduced their price target 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. Jefferies Financial Group raised shares of Camden Property Trust from a “hold” rating to a “buy” rating and boosted their price objective for the company from $117.00 to $139.00 in a research report on Monday, March 10th. Mizuho cut their target price 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, JPMorgan Chase & Co. lowered Camden Property Trust from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $129.00 to $128.00 in a report on Tuesday, December 17th.

Camden Property Trust Price Performance

Shares of CPT stock opened at $122.17 on Monday. The firm has a market cap of $13.04 billion, a P/E ratio of 81.45, a P/E/G ratio of 4.41 and a beta of 0.94. The firm has a fifty day moving average of $118.57 and a two-hundred day moving average of $119.20. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. Camden Property Trust has a 1-year low of $94.75 and a 1-year high of $127.69.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share 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%. As a group, research analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The business also recently disclosed 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 is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a dividend yield of 3.44%. Camden Property Trust’s dividend payout ratio (DPR) is 280.00%.

Insider Buying and Selling

In related news, CEO Richard J. Campo sold 1,043 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $114,792.58. Following the completion of the transaction, the chief executive officer now owns 299,092 shares of the company’s stock, valued at $32,918,065.52. This trade represents a 0.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Heather J. Brunner sold 1,853 shares of Camden Property Trust 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 transaction, the director now directly owns 10,537 shares in the company, valued at approximately $1,206,486.50. The trade was a 14.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,548 shares of company stock valued at $2,912,212 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Camden Property Trust

Large investors have recently made changes to their positions in the business. Norges Bank bought a new stake in shares of Camden Property Trust in the 4th quarter worth approximately $187,606,000. Wellington Management Group LLP increased its holdings in shares of Camden Property Trust by 86.9% in the third quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock valued at $243,952,000 after buying an additional 918,078 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Camden Property Trust by 508.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 946,417 shares of the real estate investment trust’s stock valued at $116,911,000 after acquiring an additional 790,974 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Camden Property Trust by 97.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust’s stock worth $158,028,000 after acquiring an additional 630,768 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Camden Property Trust by 17.3% in the 4th quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust’s stock worth $344,432,000 after acquiring an additional 438,685 shares during the last quarter. 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.