Brokerages Set Camden Property Trust (CPT) PT at $86.30

Shares of Camden Property Trust (NYSE:CPT) have earned an average rating of “Hold” from the eighteen analysts that are currently covering the company. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $86.30.

A number of research analysts have weighed in on CPT shares. Zacks Investment Research upgraded shares of Camden Property Trust from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Monday, December 5th. BMO Capital Markets reiterated a “hold” rating and issued a $81.00 price objective on shares of Camden Property Trust in a research report on Friday, February 17th. Barclays PLC reiterated a “hold” rating and issued a $84.00 price objective on shares of Camden Property Trust in a research report on Friday, February 17th. KeyCorp downgraded shares of Camden Property Trust to an “overweight” rating in a research report on Wednesday, December 21st. Finally, Mitsubishi UFJ Financial Group upgraded shares of Camden Property Trust from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $72.00 to $80.00 in a research report on Thursday, January 5th.

Camden Property Trust (NYSE:CPT) opened at 81.15 on Thursday. Camden Property Trust has a 52-week low of $75.36 and a 52-week high of $90.91. The company has a 50-day moving average price of $82.18 and a 200 day moving average price of $81.83. The stock has a market cap of $7.10 billion, a price-to-earnings ratio of 8.97 and a beta of 0.39.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Tuesday, February 7th. The real estate investment trust reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.01. The business earned $217.14 million during the quarter, compared to the consensus estimate of $218.54 million. Camden Property Trust had a net margin of 93.54% and a return on equity of 14.23%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.20 earnings per share. On average, analysts expect that Camden Property Trust will post $1.83 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Friday, March 31st will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a $3.00 annualized dividend and a dividend yield of 3.70%. Camden Property Trust’s dividend payout ratio (DPR) is presently 33.19%.

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In related news, EVP William W. Sengelmann sold 16,118 shares of the company’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $84.79, for a total transaction of $1,366,645.22. Following the completion of the sale, the executive vice president now owns 72,294 shares of the company’s stock, valued at approximately $6,129,808.26. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP William W. Sengelmann sold 1,540 shares of the company’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $85.22, for a total transaction of $131,238.80. Following the sale, the executive vice president now directly owns 77,149 shares of the company’s stock, valued at approximately $6,574,637.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,589 shares of company stock valued at $1,748,367. Insiders own 5.00% of the company’s stock.

A number of hedge funds have recently made changes to their positions in CPT. BlackRock Advisors LLC boosted its stake in shares of Camden Property Trust by 3.5% in the third quarter. BlackRock Advisors LLC now owns 112,135 shares of the real estate investment trust’s stock valued at $9,390,000 after buying an additional 3,809 shares in the last quarter. KCG Holdings Inc. acquired a new stake in shares of Camden Property Trust during the third quarter valued at about $665,000. Security Capital Research & Management Inc. boosted its stake in shares of Camden Property Trust by 9.8% in the third quarter. Security Capital Research & Management Inc. now owns 1,675 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 150 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Camden Property Trust by 64.9% in the third quarter. Daiwa Securities Group Inc. now owns 4,311,826 shares of the real estate investment trust’s stock valued at $361,072,000 after buying an additional 1,697,422 shares in the last quarter. Finally, BlackRock Group LTD boosted its stake in shares of Camden Property Trust by 4.0% in the third quarter. BlackRock Group LTD now owns 960,528 shares of the real estate investment trust’s stock valued at $80,436,000 after buying an additional 36,948 shares in the last quarter.

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. 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.

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