Shares of Camden Property Trust (NYSE:CPT) have been given a consensus recommendation of “Hold” by the nineteen brokerages that are currently covering the stock. Three analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $88.20.

CPT has been the topic of several research analyst reports. RBC Capital Markets reaffirmed a “buy” rating on shares of Camden Property Trust in a research report on Monday, August 29th. Zacks Investment Research downgraded Camden Property Trust from a “buy” rating to a “hold” rating in a research report on Friday, July 22nd. Citigroup Inc. lowered their price target on Camden Property Trust from $88.00 to $84.00 and set a “neutral” rating on the stock in a research report on Friday, September 30th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $84.00 price target (up from $83.00) on shares of Camden Property Trust in a research report on Monday, July 18th. Finally, Mizuho downgraded Camden Property Trust from a “buy” rating to a “neutral” rating and raised their price target for the company from $92.00 to $93.00 in a research report on Monday, August 1st.

In other news, EVP William W. Sengelmann sold 5,878 shares of Camden Property Trust stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $85.56, for a total value of $502,921.68. Following the completion of the transaction, the executive vice president now owns 78,689 shares in the company, valued at $6,732,630.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO H Malcolm Stewart sold 11,122 shares of Camden Property Trust stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $89.63, for a total transaction of $996,864.86. Following the completion of the transaction, the chief operating officer now owns 252,526 shares of the company’s stock, valued at approximately $22,633,905.38. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. KCG Holdings Inc. purchased a new position in Camden Property Trust during the third quarter worth about $665,000. Convergence Investment Partners LLC boosted its position in Camden Property Trust by 35.1% in the third quarter. Convergence Investment Partners LLC now owns 13,863 shares of the real estate investment trust’s stock worth $1,161,000 after buying an additional 3,604 shares during the period. Pacer Advisors Inc. boosted its position in Camden Property Trust by 9.7% in the third quarter. Pacer Advisors Inc. now owns 11,542 shares of the real estate investment trust’s stock worth $967,000 after buying an additional 1,025 shares during the period. Principal Financial Group Inc. boosted its position in Camden Property Trust by 4.9% in the third quarter. Principal Financial Group Inc. now owns 345,017 shares of the real estate investment trust’s stock worth $28,892,000 after buying an additional 16,064 shares during the period. Finally, Northern Trust Corp boosted its position in Camden Property Trust by 1.0% in the third quarter. Northern Trust Corp now owns 1,144,433 shares of the real estate investment trust’s stock worth $95,834,000 after buying an additional 11,696 shares during the period. Institutional investors own 96.55% of the company’s stock.

Shares of Camden Property Trust (NYSE:CPT) opened at 77.41 on Tuesday. The firm has a market cap of $6.77 billion, a price-to-earnings ratio of 8.35 and a beta of 0.43. Camden Property Trust has a 12 month low of $67.27 and a 12 month high of $90.91. The stock’s 50 day moving average price is $80.32 and its 200 day moving average price is $84.53.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, October 27th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.03. Camden Property Trust had a return on equity of 15.12% and a net margin of 94.44%. The company had revenue of $220.20 million for the quarter, compared to analyst estimates of $218.51 million. During the same period last year, the company earned $0.91 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. Equities research analysts predict that Camden Property Trust will post $4.60 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 17th. Stockholders of record on Friday, September 30th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date of this dividend was Wednesday, September 28th. Camden Property Trust’s dividend payout ratio (DPR) is currently 32.40%.

Camden Property Trust Company Profile

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. The Company operates in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities segment.

5 Day Chart for NYSE:CPT

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