Camden Property Trust (NYSE:CPT) has received an average recommendation of “Hold” from the seventeen ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $93.67.

A number of brokerages have recently commented on CPT. Mizuho reissued a “hold” rating and issued a $90.00 target price on shares of Camden Property Trust in a research note on Sunday, October 15th. JPMorgan Chase & Co. raised shares of Camden Property Trust from a “neutral” rating to an “overweight” rating and set a $100.00 target price on the stock in a research note on Friday, December 15th. Robert W. Baird reissued a “hold” rating and issued a $93.00 target price on shares of Camden Property Trust in a research note on Tuesday, January 9th. Zacks Investment Research downgraded shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $97.00 target price on shares of Camden Property Trust in a research note on Monday, November 27th.

Camden Property Trust (NYSE:CPT) traded down $0.79 during trading hours on Monday, reaching $84.71. 444,087 shares of the company’s stock were exchanged, compared to its average volume of 503,242. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.94 and a current ratio of 1.94. The stock has a market capitalization of $7,924.65, a P/E ratio of 51.65, a P/E/G ratio of 3.31 and a beta of 0.42. Camden Property Trust has a 12 month low of $78.38 and a 12 month high of $96.39.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $1.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.03). Camden Property Trust had a return on equity of 4.71% and a net margin of 16.81%. The company had revenue of $228.18 million for the quarter, compared to analysts’ expectations of $226.41 million. During the same period in the prior year, the business earned $1.13 EPS. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. research analysts anticipate that Camden Property Trust will post 4.53 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 17th. Investors of record on Friday, December 15th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.54%. The ex-dividend date was Thursday, December 14th. Camden Property Trust’s dividend payout ratio (DPR) is 182.93%.

In related news, EVP William W. Sengelmann sold 4,478 shares of Camden Property Trust stock in a transaction on Friday, January 5th. The shares were sold at an average price of $88.42, for a total transaction of $395,944.76. Following the sale, the executive vice president now owns 66,567 shares of the company’s stock, valued at approximately $5,885,854.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Richard J. Campo sold 379 shares of Camden Property Trust stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $94.44, for a total transaction of $35,792.76. Following the sale, the chairman now directly owns 338,519 shares in the company, valued at approximately $31,969,734.36. The disclosure for this sale can be found here. Insiders have sold a total of 126,297 shares of company stock worth $11,635,108 in the last ninety days. 4.70% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Camden Property Trust by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 14,190,009 shares of the real estate investment trust’s stock worth $1,213,387,000 after buying an additional 85,219 shares during the period. BlackRock Inc. grew its holdings in Camden Property Trust by 3.1% during the 2nd quarter. BlackRock Inc. now owns 10,451,376 shares of the real estate investment trust’s stock worth $893,697,000 after acquiring an additional 310,886 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Camden Property Trust by 27.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,636,486 shares of the real estate investment trust’s stock worth $332,848,000 after acquiring an additional 778,543 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Camden Property Trust by 93.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,365,047 shares of the real estate investment trust’s stock worth $216,282,000 after acquiring an additional 1,144,162 shares in the last quarter. Finally, Cohen & Steers Inc. acquired a new position in Camden Property Trust during the 3rd quarter worth $193,833,000. 96.97% of the stock is currently owned by hedge funds and other institutional investors.

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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. 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.

Analyst Recommendations for Camden Property Trust (NYSE:CPT)

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