Camden Property Trust (NYSE:CPT) Price Target Cut to $125.00 by Analysts at Mizuho

Camden Property Trust (NYSE:CPT) had its price target cut by Mizuho from $129.00 to $125.00 in a research report released on Monday,Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

Other research analysts have also issued reports about the stock. Royal Bank of Canada cut their target price on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a research report on Monday, November 4th. Stifel Nicolaus lowered Camden Property Trust from a “buy” rating to a “hold” rating and increased their price objective for the company from $120.00 to $121.00 in a research report on Wednesday, November 13th. Scotiabank dropped their target price on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. Evercore ISI upped their target price on Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Finally, Jefferies Financial Group initiated coverage on shares of Camden Property Trust in a research note on Friday, October 11th. They set a “hold” rating and a $123.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $126.75.

Camden Property Trust Trading Up 0.7 %

Shares of CPT opened at $111.05 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. Camden Property Trust has a 1-year low of $90.50 and a 1-year high of $127.69. The company has a market capitalization of $11.85 billion, a P/E ratio of 35.14, a P/E/G ratio of 4.40 and a beta of 0.94. The firm’s 50 day simple moving average is $119.22 and its 200 day simple moving average is $118.52.

Camden Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.71%. The ex-dividend date is Wednesday, December 18th. Camden Property Trust’s dividend payout ratio (DPR) is currently 130.38%.

Insider Transactions at Camden Property Trust

In related news, Director Heather J. Brunner sold 264 shares of the business’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $29,055.84. Following the transaction, the director now owns 10,273 shares in the company, valued at $1,130,646.38. The trade was a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Alexander J. Jessett sold 13,067 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $1,496,171.50. Following the completion of the sale, the chief financial officer now owns 124,246 shares of the company’s stock, valued at $14,226,167. This trade represents a 9.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,413 shares of company stock worth $2,895,718. 1.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Camden Property Trust

Hedge funds have recently made changes to their positions in the company. Federated Hermes Inc. purchased a new position in Camden Property Trust during the second quarter valued at $33,000. Neo Ivy Capital Management bought a new position in shares of Camden Property Trust in the 3rd quarter worth about $38,000. American Capital Advisory LLC lifted its position in Camden Property Trust by 42.7% during the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 128 shares during the period. Sentry Investment Management LLC bought a new stake in Camden Property Trust during the third quarter worth about $62,000. Finally, Versant Capital Management Inc grew its holdings in Camden Property Trust by 77.7% in the fourth quarter. Versant Capital Management Inc now owns 716 shares of the real estate investment trust’s stock worth $83,000 after purchasing an additional 313 shares during the period. 97.22% of the stock is currently owned by institutional investors.

Camden Property Trust Company Profile

Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,250 apartment homes across the United States.