Camden Property Trust (NYSE:CPT)‘s stock had its “buy” rating reiterated by research analysts at Royal Bank of Canada in a report issued on Monday, May 15th, StockTargetPrices.com reports.
Several other analysts have also commented on CPT. BMO Capital Markets reissued a “hold” rating and set a $81.00 target price on shares of Camden Property Trust in a research note on Friday, February 17th. Barclays PLC reissued a “hold” rating and set a $84.00 target price on shares of Camden Property Trust in a research note on Friday, February 17th. Zacks Investment Research lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Thursday, February 16th. BTIG Research raised shares of Camden Property Trust from a “neutral” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Monday, April 24th. Finally, Evercore ISI increased their target price on shares of Camden Property Trust from $87.00 to $88.00 and gave the company an “in-line” rating in a research note on Wednesday, April 19th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. Camden Property Trust has an average rating of “Hold” and an average target price of $88.50.
Shares of Camden Property Trust (NYSE CPT) traded up 0.67% on Monday, hitting $88.94. 854,405 shares of the stock were exchanged. The firm’s 50-day moving average is $83.72 and its 200-day moving average is $82.36. The company has a market cap of $7.79 billion, a P/E ratio of 9.92 and a beta of 0.39. Camden Property Trust has a one year low of $75.36 and a one year high of $90.91.
Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, May 4th. The real estate investment trust reported $1.09 EPS for the quarter, missing the consensus estimate of $1.10 by $0.01. Camden Property Trust had a net margin of 92.55% and a return on equity of 13.94%. The business had revenue of $219.50 million for the quarter, compared to analyst estimates of $218.19 million. During the same period in the prior year, the company earned $1.20 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities analysts forecast that Camden Property Trust will post $1.82 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be paid a $0.75 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $3.00 annualized dividend and a yield of 3.37%. Camden Property Trust’s dividend payout ratio is presently 33.48%.
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In other Camden Property Trust news, Director William F. Paulsen sold 2,227 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $87.18, for a total value of $194,149.86. Following the transaction, the director now owns 14,284 shares in the company, valued at approximately $1,245,279.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director F Gardner Parker sold 741 shares of the company’s stock in a transaction that occurred on Tuesday, March 21st. The shares were sold at an average price of $81.03, for a total transaction of $60,043.23. Following the completion of the transaction, the director now owns 12,074 shares in the company, valued at approximately $978,356.22. The disclosure for this sale can be found here. 4.70% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. KCG Holdings Inc. bought a new position in Camden Property Trust during the third quarter valued at $665,000. Security Capital Research & Management Inc. raised its position 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 during the period. Daiwa Securities Group Inc. raised its position 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 during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Camden Property Trust by 1.7% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 182,964 shares of the real estate investment trust’s stock valued at $15,321,000 after buying an additional 3,056 shares during the period. Finally, Xact Kapitalforvaltning AB acquired a new position in shares of Camden Property Trust during the third quarter valued at approximately $2,737,000. Hedge funds and other institutional investors own 91.61% 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. 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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