Camden Property Trust (NYSE:CPT)‘s stock had its “buy” rating reissued by research analysts at Barclays PLC in a research note issued on Monday. They currently have a $89.00 price objective on the real estate investment trust’s stock. Barclays PLC’s price target points to a potential upside of 16.40% from the company’s current price.

Several other research analysts also recently issued reports on CPT. RBC Capital Markets reiterated a “buy” rating on shares of Camden Property Trust in a report on Monday, August 29th. Zacks Investment Research upgraded shares of Camden Property Trust from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a report on Monday, July 18th. Deutsche Bank AG reiterated a “hold” rating and set a $84.00 price target (up from $83.00) on shares of Camden Property Trust in a report on Monday, July 18th. Citigroup Inc. lowered their price target on shares of Camden Property Trust from $88.00 to $84.00 and set a “neutral” rating for the company in a report on Friday, September 30th. Finally, BTIG Research began coverage on Camden Property Trust in a report on Thursday, August 25th. They issued a “neutral” rating for the company. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. Camden Property Trust has an average rating of “Hold” and a consensus target price of $87.08.

Analyst Recommendations for Camden Property Trust (NYSE:CPT)

Camden Property Trust (NYSE:CPT) traded up 1.20% on Monday, hitting $77.38. The stock had a trading volume of 58,788 shares. The company has a market capitalization of $6.77 billion, a PE 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 company has a 50 day moving average of $80.32 and a 200 day moving average of $84.53.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, October 27th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the 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 business earned $220.20 million during the quarter, compared to analysts’ expectations of $218.51 million. During the same period in the previous year, the company posted $0.91 earnings per share. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities analysts expect that Camden Property Trust will post $4.61 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 17th. Shareholders of record on Friday, September 30th were paid a $0.75 dividend. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $3.00 annualized dividend and a yield of 3.92%. Camden Property Trust’s dividend payout ratio (DPR) is 32.40%.

In other Camden Property Trust news, COO H Malcolm Stewart sold 11,122 shares of the stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $89.63, for a total value of $996,864.86. Following the completion of the sale, the chief operating officer now owns 252,526 shares in the company, valued at approximately $22,633,905.38. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director William B. Mcguire sold 2,124 shares of the stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $81.76, for a total transaction of $173,658.24. Following the completion of the sale, the director now owns 2,015 shares of the company’s stock, valued at approximately $164,746.40. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in shares of Camden Property Trust by 19.5% in the second quarter. Bank of New York Mellon Corp now owns 2,835,096 shares of the real estate investment trust’s stock valued at $250,679,000 after buying an additional 463,446 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Camden Property Trust by 817.8% in the second quarter. Daiwa Securities Group Inc. now owns 2,614,404 shares of the real estate investment trust’s stock valued at $231,166,000 after buying an additional 2,329,541 shares during the last quarter. Chilton Capital Management LLC raised its stake in shares of Camden Property Trust by 12.0% in the first quarter. Chilton Capital Management LLC now owns 265,894 shares of the real estate investment trust’s stock valued at $22,359,000 after buying an additional 28,464 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Camden Property Trust by 296.4% in the first quarter. Renaissance Technologies LLC now owns 155,000 shares of the real estate investment trust’s stock valued at $13,034,000 after buying an additional 115,900 shares during the last quarter. Finally, Baltimore Washington Financial Advisors Inc. raised its stake in shares of Camden Property Trust by 7.7% in the second quarter. Baltimore Washington Financial Advisors Inc. now owns 94,105 shares of the real estate investment trust’s stock valued at $8,320,000 after buying an additional 6,701 shares during the last quarter. Institutional investors own 96.55% of the company’s stock.

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

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