Shares of Camden Property Trust (NYSE:CPT) have been assigned an average rating of “Hold” from the seventeen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $93.67.
A number of research firms recently issued reports on CPT. Zacks Investment Research cut Camden Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Robert W. Baird restated a “hold” rating and set a $93.00 price objective on shares of Camden Property Trust in a report on Tuesday, January 9th. Mizuho restated a “hold” rating and set a $90.00 price objective on shares of Camden Property Trust in a report on Sunday, October 15th. SunTrust Banks restated a “hold” rating and set a $93.00 price objective on shares of Camden Property Trust in a report on Wednesday, October 4th. Finally, BMO Capital Markets restated a “buy” rating and set a $97.00 price objective on shares of Camden Property Trust in a report on Monday, November 27th.
Camden Property Trust (CPT) traded down $0.78 on Monday, reaching $84.77. The company had a trading volume of 557,600 shares, compared to its average volume of 527,722. Camden Property Trust has a one year low of $78.38 and a one year high of $96.39. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.64. The stock has a market cap of $7,856.07, a PE ratio of 51.69, a P/E/G ratio of 3.28 and a beta of 0.42.
Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $1.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.03). Camden Property Trust had a net margin of 16.81% and a return on equity of 4.71%. The business had revenue of $228.18 million for the quarter, compared to analysts’ expectations of $226.41 million. During the same quarter in the previous year, the firm earned $1.13 EPS. Camden Property Trust’s revenue was up 3.6% compared to the same quarter last year. sell-side analysts anticipate that Camden Property Trust will post 4.53 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Friday, December 15th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Thursday, December 14th. Camden Property Trust’s dividend payout ratio (DPR) is presently 182.93%.
In other news, Chairman Richard J. Campo sold 379 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $94.44, for a total value of $35,792.76. Following the completion of the transaction, the chairman now directly owns 338,519 shares of the company’s stock, valued at approximately $31,969,734.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President D Keith Oden sold 55,682 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $92.27, for a total value of $5,137,778.14. Following the completion of the transaction, the president now directly owns 364,771 shares of the company’s stock, valued at $33,657,420.17. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 126,297 shares of company stock valued at $11,635,108. 4.70% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CPT. AXA bought a new position in shares of Camden Property Trust in the 2nd quarter worth $329,000. Alliancebernstein L.P. raised its position in shares of Camden Property Trust by 113.9% in the 2nd quarter. Alliancebernstein L.P. now owns 256,188 shares of the real estate investment trust’s stock worth $21,907,000 after acquiring an additional 136,401 shares in the last quarter. Riverhead Capital Management LLC raised its position in shares of Camden Property Trust by 65.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,792 shares of the real estate investment trust’s stock worth $581,000 after acquiring an additional 2,692 shares in the last quarter. Stephens Inc. AR bought a new position in shares of Camden Property Trust in the 2nd quarter worth $237,000. Finally, Teachers Advisors LLC raised its position in shares of Camden Property Trust by 12.4% in the 2nd quarter. Teachers Advisors LLC now owns 171,840 shares of the real estate investment trust’s stock worth $14,694,000 after acquiring an additional 19,011 shares in the last quarter. 96.97% of the stock is owned by hedge funds and other institutional investors.
About Camden Property Trust
Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. As of December 31, 2016, the Company owned interests in, operated, or were developing 159 multifamily properties, which consisted of 55,366 apartment homes across the United States.
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