Zacks Investment Research lowered shares of Camden Property Trust (NYSE:CPT) from a buy rating to a hold rating in a research note published on Tuesday.

According to Zacks, “Camden Property Trust is one of the largest publicly traded multifamily companies in the United States. Structured as a Real Estate Investment Trust (REIT), the company is engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. “

Several other brokerages have also recently commented on CPT. Citigroup increased their price target on Camden Property Trust from $95.00 to $96.00 and gave the company a hold rating in a research report on Tuesday, October 30th. ValuEngine raised Camden Property Trust from a hold rating to a buy rating in a research report on Wednesday, October 24th. Sandler O’Neill set a $105.00 price target on Camden Property Trust and gave the company a buy rating in a research report on Friday, August 3rd. Capital One Financial restated an equal weight rating on shares of Camden Property Trust in a research note on Sunday, October 21st. Finally, Scotiabank initiated coverage on Camden Property Trust in a research note on Tuesday, October 16th. They issued a sector perform rating on the stock. Eleven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Camden Property Trust presently has an average rating of Buy and a consensus price target of $94.59.

Shares of CPT stock traded down $0.10 on Tuesday, hitting $92.54. 562,271 shares of the stock were exchanged, compared to its average volume of 617,406. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.20 and a quick ratio of 0.20. The stock has a market capitalization of $8.60 billion, a P/E ratio of 20.43, a P/E/G ratio of 2.94 and a beta of 0.30. Camden Property Trust has a fifty-two week low of $78.19 and a fifty-two week high of $95.67.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, October 25th. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.79). Camden Property Trust had a net margin of 21.81% and a return on equity of 5.94%. The company had revenue of $241.77 million for the quarter, compared to analyst estimates of $238.79 million. Equities analysts expect that Camden Property Trust will post 4.76 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 17th. Stockholders of record on Friday, September 28th were paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.33%. Camden Property Trust’s dividend payout ratio (DPR) is currently 67.99%.

In other Camden Property Trust news, Director William B. Mcguire sold 2,190 shares of the firm’s stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $92.60, for a total transaction of $202,794.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Richard J. Campo sold 80,588 shares of the firm’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $93.79, for a total value of $7,558,348.52. Following the transaction, the chairman now owns 291,383 shares in the company, valued at approximately $27,328,811.57. The disclosure for this sale can be found here. In the last quarter, insiders have sold 247,921 shares of company stock worth $23,290,722. 4.70% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC increased its stake in Camden Property Trust by 1,495.0% during the 2nd quarter. Parallel Advisors LLC now owns 1,276 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 1,196 shares during the period. Redpoint Investment Management Pty Ltd acquired a new stake in shares of Camden Property Trust in the 2nd quarter valued at $206,000. First Mercantile Trust Co. acquired a new stake in shares of Camden Property Trust in the 2nd quarter valued at $225,000. IFM Investors Pty Ltd acquired a new stake in shares of Camden Property Trust in the 2nd quarter valued at $227,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Camden Property Trust by 109.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,424 shares of the real estate investment trust’s stock valued at $227,000 after purchasing an additional 1,268 shares in the last quarter. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Camden Property Trust Company Profile

Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 158 properties containing 54,181 apartment homes across the United States.

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