UBS AG Reaffirms Sell Rating for Camden Property Trust (CPT)

UBS AG reaffirmed their sell rating on shares of Camden Property Trust (NYSE:CPT) in a report published on Thursday, www.flashratings.com reports. UBS AG currently has a $86.00 price target on the real estate investment trust’s stock, up from their prior price target of $80.00.

A number of other equities research analysts have also recently commented on CPT. Evercore ISI raised shares of Camden Property Trust from an in-line rating to an outperform rating and upped their target price for the company from $87.00 to $90.00 in a report on Thursday, May 18th. They noted that the move was a valuation call. BMO Capital Markets raised shares of Camden Property Trust from a market perform rating to an outperform rating and upped their target price for the company from $81.00 to $89.00 in a report on Thursday, May 25th. They noted that the move was a valuation call. KeyCorp raised shares of Camden Property Trust from a sector weight rating to an overweight rating and set a $93.00 target price for the company in a report on Tuesday, June 13th. They noted that the move was a valuation call. BidaskClub raised shares of Camden Property Trust from a sell rating to a hold rating in a report on Wednesday, June 14th. Finally, Royal Bank Of Canada reaffirmed a buy rating and issued a $91.00 target price on shares of Camden Property Trust in a report on Sunday, July 16th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. Camden Property Trust has a consensus rating of Hold and a consensus target price of $91.07.

Shares of Camden Property Trust (CPT) opened at 94.20 on Thursday. The firm’s 50-day moving average price is $90.69 and its 200 day moving average price is $85.43. Camden Property Trust has a 12 month low of $75.36 and a 12 month high of $96.39. The firm has a market capitalization of $8.26 billion, a P/E ratio of 21.07 and a beta of 0.38.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, July 27th. The real estate investment trust reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. Camden Property Trust had a net margin of 46.10% and a return on equity of 13.17%. The business had revenue of $222.40 million during the quarter, compared to analysts’ expectations of $222.44 million. During the same period in the prior year, the company earned $1.15 earnings per share. The business’s revenue was up .4% compared to the same quarter last year. Analysts anticipate that Camden Property Trust will post $1.71 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.18%. Camden Property Trust’s dividend payout ratio (DPR) is 67.11%.

In other Camden Property Trust news, EVP William W. Sengelmann sold 5,085 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $90.15, for a total transaction of $458,412.75. Following the transaction, the executive vice president now directly owns 71,836 shares in the company, valued at $6,476,015.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Alexander J. Jessett sold 11,788 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $89.81, for a total transaction of $1,058,680.28. Following the transaction, the executive vice president now owns 56,783 shares in the company, valued at $5,099,681.23. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 118,584 shares of company stock worth $10,618,035. Company insiders own 4.70% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. YorkBridge Wealth Partners LLC grew its position in Camden Property Trust by 6.1% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,171 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 67 shares during the period. Perigon Wealth Management LLC acquired a new position in Camden Property Trust during the first quarter worth about $110,000. Founders Capital Management acquired a new position in Camden Property Trust during the first quarter worth about $140,000. Laurion Capital Management LP acquired a new position in Camden Property Trust during the first quarter worth about $201,000. Finally, Eqis Capital Management Inc. acquired a new position in Camden Property Trust during the second quarter worth about $201,000. Institutional investors own 95.94% of the company’s stock.

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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