Camden Property Trust (NYSE:CPT) Given Average Recommendation of “Hold” by Brokerages

Camden Property Trust (NYSE:CPT) has received a consensus recommendation of “Hold” from the eighteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $129.39.

Several equities research analysts have weighed in on CPT shares. JPMorgan Chase & Co. boosted their price objective on Camden Property Trust from $127.00 to $129.00 and gave the stock an “underweight” rating in a research note on Tuesday, June 17th. Scotiabank cut their target price on Camden Property Trust from $144.00 to $136.00 and set a “sector perform” rating on the stock in a research report on Friday, June 13th. Truist Financial set a $131.00 price objective on shares of Camden Property Trust and gave the company a “buy” rating in a research report on Monday, May 19th. Citigroup upgraded shares of Camden Property Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $125.00 to $138.00 in a research report on Friday, March 28th. Finally, Jefferies Financial Group upgraded shares of Camden Property Trust from a “hold” rating to a “buy” rating and boosted their price objective for the company from $117.00 to $139.00 in a research report on Monday, March 10th.

Camden Property Trust Price Performance

NYSE:CPT opened at $114.01 on Wednesday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.80. The business’s 50-day simple moving average is $116.19 and its two-hundred day simple moving average is $116.14. The stock has a market cap of $12.18 billion, a PE ratio of 104.60, a P/E/G ratio of 3.45 and a beta of 0.77. Camden Property Trust has a 52 week low of $102.35 and a 52 week high of $127.69.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.04. Camden Property Trust had a return on equity of 2.47% and a net margin of 7.62%. The firm had revenue of $390.57 million for the quarter, compared to analysts’ expectations of $388.47 million. During the same period in the previous year, the firm posted $1.70 earnings per share. The business’s revenue was up 2.0% compared to the same quarter last year. As a group, analysts forecast that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 3.68%. The ex-dividend date is Monday, June 30th. Camden Property Trust’s payout ratio is 385.32%.

Insider Buying and Selling

In other Camden Property Trust news, CEO Richard J. Campo sold 5,572 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $119.50, for a total transaction of $665,854.00. Following the sale, the chief executive officer owned 289,720 shares of the company’s stock, valued at approximately $34,621,540. This trade represents a 1.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven A. Webster sold 1,200 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $118.76, for a total value of $142,512.00. Following the sale, the director directly owned 117,374 shares in the company, valued at $13,939,336.24. This trade represents a 1.01% decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Camden Property Trust

A number of institutional investors have recently added to or reduced their stakes in CPT. Smartleaf Asset Management LLC boosted its stake in Camden Property Trust by 33.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 531 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 132 shares in the last quarter. Inceptionr LLC acquired a new stake in shares of Camden Property Trust in the 4th quarter worth $621,000. Northern Trust Corp boosted its holdings in Camden Property Trust by 33.7% in the fourth quarter. Northern Trust Corp now owns 1,420,076 shares of the real estate investment trust’s stock worth $164,786,000 after acquiring an additional 357,718 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Camden Property Trust by 6.7% in the fourth quarter. Victory Capital Management Inc. now owns 4,400,846 shares of the real estate investment trust’s stock worth $510,674,000 after acquiring an additional 277,117 shares in the last quarter. Finally, Natixis boosted its holdings in Camden Property Trust by 741.3% in the fourth quarter. Natixis now owns 18,063 shares of the real estate investment trust’s stock worth $2,096,000 after acquiring an additional 15,916 shares in the last quarter. 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.