Barclays Cuts Camden Property Trust (NYSE:CPT) Price Target to $126.00

Camden Property Trust (NYSE:CPT) had its target price decreased by Barclays from $138.00 to $126.00 in a research report sent to investors on Friday,Benzinga reports. Barclays currently has an overweight rating on the real estate investment trust’s stock.

A number of other equities analysts have also recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Camden Property Trust in a research note on Friday, October 11th. They issued a “hold” rating and a $123.00 price objective on the stock. StockNews.com downgraded shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Mizuho cut their price target on shares of 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. JPMorgan Chase & Co. cut Camden Property Trust from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $129.00 to $128.00 in a research report on Tuesday, December 17th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $121.00 price target on shares of Camden Property Trust in a report on Wednesday. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $125.36.

Camden Property Trust Stock Performance

NYSE CPT opened at $110.62 on Friday. The company’s 50-day simple moving average is $117.32 and its 200 day simple moving average is $118.63. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. The stock has a market cap of $11.80 billion, a P/E ratio of 35.01, a PEG ratio of 4.03 and a beta of 0.94. Camden Property Trust has a twelve month low of $90.50 and a twelve month high of $127.69.

Camden Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Wednesday, December 18th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend was Wednesday, December 18th. Camden Property Trust’s dividend payout ratio is currently 130.38%.

Insider Activity

In other Camden Property Trust news, Director Heather J. Brunner sold 264 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $29,055.84. Following the transaction, the director now directly owns 10,273 shares in the company, valued at approximately $1,130,646.38. This trade represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 owns 299,092 shares in the company, valued at $32,918,065.52. This trade represents a 0.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,413 shares of company stock valued at $2,895,718 in the last ninety days. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Camden Property Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its holdings in shares of Camden Property Trust by 4.8% in the 2nd quarter. Pacer Advisors Inc. now owns 7,593 shares of the real estate investment trust’s stock worth $828,000 after buying an additional 345 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of Camden Property Trust by 0.5% in the 2nd quarter. ProShare Advisors LLC now owns 31,349 shares of the real estate investment trust’s stock valued at $3,420,000 after purchasing an additional 146 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Camden Property Trust by 15.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 14,776 shares of the real estate investment trust’s stock worth $1,612,000 after purchasing an additional 1,990 shares during the period. Bank of Montreal Can increased its position in shares of Camden Property Trust by 11.0% during the 2nd quarter. Bank of Montreal Can now owns 103,205 shares of the real estate investment trust’s stock valued at $11,352,000 after purchasing an additional 10,208 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in Camden Property Trust in the second quarter worth $696,000. 97.22% of the stock is owned by 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.