Camden Property Trust (NYSE:CPT) Rating Lowered to Sell at StockNews.com

StockNews.com downgraded shares of Camden Property Trust (NYSE:CPT) from a hold rating to a sell rating in a research note released on Saturday morning.

Several other research analysts have also recently commented on CPT. Scotiabank raised their target price on shares of Camden Property Trust from $130.00 to $135.00 and gave the stock a “sector perform” rating in a report on Friday, February 14th. Mizuho lowered their target price on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. Royal Bank of Canada raised their target price on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a “sector perform” rating in a report on Monday, February 10th. JPMorgan Chase & Co. cut shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $129.00 to $128.00 in a report on Tuesday, December 17th. Finally, Barclays raised their target price on shares of Camden Property Trust from $126.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Camden Property Trust presently has an average rating of “Hold” and an average price target of $126.53.

Camden Property Trust Stock Down 0.4 %

Camden Property Trust stock opened at $121.38 on Friday. The stock has a market cap of $12.96 billion, a P/E ratio of 80.92, a P/E/G ratio of 4.41 and a beta of 0.94. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. Camden Property Trust has a twelve month low of $94.75 and a twelve month high of $127.69. The company’s 50-day moving average price is $116.39 and its two-hundred day moving average price is $119.56.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. As a group, analysts expect that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be given a $1.05 dividend. The ex-dividend date is Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a yield of 3.46%. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s dividend payout ratio (DPR) is currently 280.00%.

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, CFO Alexander J. Jessett sold 13,067 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $1,496,171.50. Following the sale, the chief financial officer now owns 124,246 shares in the company, valued at $14,226,167. This trade represents a 9.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Heather J. Brunner sold 1,853 shares of Camden Property Trust stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $212,168.50. Following the transaction, the director now owns 10,537 shares in the company, valued at approximately $1,206,486.50. This trade represents a 14.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,413 shares of company stock worth $2,895,718 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Camden Property Trust

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Camden Property Trust by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 17,250,406 shares of the real estate investment trust’s stock worth $2,001,737,000 after purchasing an additional 125,287 shares during the period. State Street Corp lifted its holdings in shares of Camden Property Trust by 0.5% during the third quarter. State Street Corp now owns 7,118,930 shares of the real estate investment trust’s stock worth $886,693,000 after purchasing an additional 36,528 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Camden Property Trust by 6.7% during the fourth quarter. Victory Capital Management Inc. now owns 4,400,846 shares of the real estate investment trust’s stock worth $510,674,000 after purchasing an additional 277,117 shares during the period. FMR LLC lifted its holdings in shares of Camden Property Trust by 14.5% during the third quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust’s stock worth $407,324,000 after purchasing an additional 416,701 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Camden Property Trust by 17.3% during the fourth quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust’s stock worth $344,432,000 after purchasing an additional 438,685 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

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.