StockNews.com Downgrades Camden Property Trust (NYSE:CPT) to Sell

StockNews.com cut shares of Camden Property Trust (NYSE:CPT) from a hold rating to a sell rating in a research note released on Thursday morning.

Several other analysts have also recently commented on the company. Scotiabank raised their price target on Camden Property Trust from $130.00 to $135.00 and gave the company a “sector perform” rating in a report on Friday, February 14th. Barclays lifted their price objective on Camden Property Trust from $126.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday. Evercore ISI lifted their price objective on Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Stifel Nicolaus lifted their price objective on Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a report on Friday, February 7th. Finally, Royal Bank of Canada lifted their price objective on Camden Property Trust from $121.00 to $123.00 and gave the stock a “sector perform” rating in a report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $126.53.

Camden Property Trust Stock Down 0.8 %

CPT opened at $119.93 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The business has a 50 day simple moving average of $115.03 and a 200-day simple moving average of $119.32. The stock has a market capitalization of $12.79 billion, a P/E ratio of 79.95, a P/E/G ratio of 4.41 and a beta of 0.94. Camden Property Trust has a 12 month low of $92.26 and a 12 month high of $127.69.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS 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%. On average, equities 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 declared 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. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.50%. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, March 31st. Camden Property Trust’s payout ratio is 274.67%.

Insider Transactions at Camden Property Trust

In other news, CFO Alexander J. Jessett sold 13,067 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 $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. The trade was a 9.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Heather J. Brunner sold 264 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 $29,055.84. Following the completion of the sale, the director now directly owns 10,273 shares of the company’s stock, valued at approximately $1,130,646.38. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,413 shares of company stock valued at $2,895,718 over the last three months. 1.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Camden Property Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in CPT. UMB Bank n.a. grew its position in shares of Camden Property Trust by 76.6% in the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 98 shares during the period. National Pension Service purchased a new stake in Camden Property Trust during the fourth quarter valued at about $26,000. Quent Capital LLC grew 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 valued at $28,000 after acquiring an additional 114 shares during the period. IAG Wealth Partners LLC purchased a new stake in Camden Property Trust during the fourth quarter valued at about $29,000. Finally, Bellwether Advisors LLC purchased a new stake in Camden Property Trust during the fourth quarter valued at about $31,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

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.