Camden Property Trust (NYSE:CPT) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Camden Property Trust (NYSE:CPT) from a sell rating to a hold rating in a research report report published on Tuesday.

Other research analysts have also recently issued research reports about the stock. Mizuho reduced their target price on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. lowered Camden Property Trust from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. Wells Fargo & Company lowered their target price on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Jefferies Financial Group upgraded Camden Property Trust from a “hold” rating to a “buy” rating and lifted their price target for the company from $117.00 to $139.00 in a research report on Monday, March 10th. Finally, Stifel Nicolaus upped their price objective on Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $127.19.

Camden Property Trust Stock Up 0.1 %

Shares of CPT stock opened at $120.01 on Tuesday. Camden Property Trust has a fifty-two week low of $94.75 and a fifty-two week high of $127.69. The firm has a market capitalization of $12.81 billion, a PE ratio of 80.01, a P/E/G ratio of 4.41 and a beta of 0.94. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. The stock’s 50-day simple moving average is $117.41 and its 200-day simple moving average is $119.36.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. 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 disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 3.50%. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date is Monday, March 31st. Camden Property Trust’s payout ratio is presently 280.00%.

Insiders Place Their Bets

In other Camden Property Trust news, CFO Alexander J. Jessett sold 13,067 shares of Camden Property Trust stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $1,496,171.50. Following 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Heather J. Brunner sold 264 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $29,055.84. Following the sale, the director now directly owns 10,273 shares of the company’s stock, valued at $1,130,646.38. The trade was a 2.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 25,548 shares of company stock worth $2,912,212. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CPT. California State Teachers Retirement System grew its position in shares of Camden Property Trust by 4.1% in the fourth quarter. California State Teachers Retirement System now owns 154,690 shares of the real estate investment trust’s stock valued at $17,950,000 after purchasing an additional 6,137 shares in the last quarter. Siemens Fonds Invest GmbH boosted its stake in Camden Property Trust by 547.1% during the fourth quarter. Siemens Fonds Invest GmbH now owns 11,525 shares of the real estate investment trust’s stock worth $1,337,000 after buying an additional 9,744 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Camden Property Trust in the 4th quarter valued at $10,661,000. Toronto Dominion Bank increased its stake in shares of Camden Property Trust by 8.4% in the 4th quarter. Toronto Dominion Bank now owns 57,073 shares of the real estate investment trust’s stock worth $6,623,000 after acquiring an additional 4,404 shares during the last quarter. Finally, GF Fund Management CO. LTD. purchased a new position in shares of Camden Property Trust during the 4th quarter worth $225,000. 97.22% of the stock is owned by hedge funds and other 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.