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

Shares of Camden Property Trust (NYSE:CPT) have received an average rating of “Hold” from the eighteen ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $126.75.

CPT has been the topic of a number of recent research reports. Royal Bank of Canada dropped their price objective on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating on the stock in a research note on Monday, November 4th. Mizuho dropped 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. Evercore ISI upped their price target on shares of Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Scotiabank dropped their price objective on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Finally, StockNews.com downgraded Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 1st.

Insider Buying and Selling at Camden Property Trust

In related news, Director Heather J. Brunner sold 1,853 shares of Camden Property Trust stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $212,168.50. Following the completion of the transaction, the director now directly owns 10,537 shares in the company, valued at approximately $1,206,486.50. This trade represents a 14.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard J. Campo sold 1,043 shares of Camden Property Trust stock in a transaction that occurred on 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 represents a 0.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,413 shares of company stock valued at $2,895,718 over the last quarter. 1.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Camden Property Trust

Several large investors have recently bought and sold shares of the stock. SMART Wealth LLC acquired a new position in Camden Property Trust in the third quarter valued at $829,000. Nordea Investment Management AB grew its stake in shares of Camden Property Trust by 15.0% in the 4th quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust’s stock valued at $11,339,000 after purchasing an additional 12,805 shares during the last quarter. QRG Capital Management Inc. acquired a new position in shares of Camden Property Trust in the third quarter valued at approximately $1,660,000. Franklin Resources Inc. raised its stake in shares of Camden Property Trust by 3.2% during the third quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust’s stock worth $23,174,000 after purchasing an additional 5,985 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Camden Property Trust by 10.5% during the third quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust’s stock worth $66,563,000 after purchasing an additional 51,097 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Trading Down 1.5 %

Shares of CPT opened at $109.36 on Wednesday. The company has a 50-day moving average of $118.92 and a 200 day moving average of $118.46. The firm has a market capitalization of $11.67 billion, a price-to-earnings ratio of 34.61, a PEG ratio of 4.40 and a beta of 0.94. Camden Property Trust has a 1-year low of $90.50 and a 1-year high of $127.69. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15.

Camden Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Wednesday, December 18th. Camden Property Trust’s dividend payout ratio (DPR) is presently 130.38%.

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.