Shares of Camden Property Trust (NYSE:CPT - Get Free Report) have received a consensus recommendation of "Hold" from the eighteen research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $127.19.
CPT has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their target price on Camden Property Trust from $121.00 to $122.00 and gave the company a "hold" rating in a research note on Friday, February 7th. Jefferies Financial Group raised shares of Camden Property Trust from a "hold" rating to a "buy" rating and lifted their target price for the stock from $117.00 to $139.00 in a research report on Monday, March 10th. Barclays lifted their price target on shares of Camden Property Trust from $126.00 to $130.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. StockNews.com raised shares of Camden Property Trust from a "sell" rating to a "hold" rating in a report on Tuesday, March 18th. Finally, Mizuho reduced their price objective 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.
Check Out Our Latest Research Report on CPT
In other Camden Property Trust news, CFO Alexander J. Jessett sold 13,067 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $1,496,171.50. Following the sale, the chief financial officer now owns 124,246 shares in the company, valued at approximately $14,226,167. This represents a 9.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Heather J. Brunner sold 1,853 shares of the company's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $212,168.50. Following the completion of the sale, the director now owns 10,537 shares in the company, valued at approximately $1,206,486.50. This trade represents a 14.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,548 shares of company stock worth $2,912,212 over the last 90 days. 1.80% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of CPT. UMB Bank n.a. grew its holdings in shares of Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 98 shares during the last quarter. National Pension Service purchased a new stake in shares of Camden Property Trust during the fourth quarter valued at approximately $26,000. Quent Capital LLC grew its holdings in shares of 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 buying an additional 114 shares during the last quarter. IAG Wealth Partners LLC purchased a new stake in shares of Camden Property Trust during the fourth quarter valued at approximately $29,000. Finally, Bellwether Advisors LLC purchased a new stake in shares of Camden Property Trust during the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 97.22% of the company's stock.
Shares of CPT opened at $119.16 on Monday. The stock has a market capitalization of $12.72 billion, a price-to-earnings ratio of 79.44, a PEG ratio of 4.41 and a beta of 0.94. Camden Property Trust has a 52 week low of $94.75 and a 52 week high of $127.69. The stock has a fifty day moving average of $117.61 and a 200-day moving average of $119.22. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14.
Camden Property Trust (NYSE:CPT - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping 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%. As a group, sell-side analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a dividend of $1.05 per share. The ex-dividend date is Monday, March 31st. This represents a $4.20 annualized dividend and a dividend yield of 3.52%. This is a boost from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's payout ratio is currently 280.00%.
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.
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