Analysts Set Camden Property Trust (NYSE:CPT) Target Price at $126.75

Camden Property Trust (NYSE:CPT) has been assigned an average rating of “Hold” from the eighteen ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $126.75.

A number of equities analysts have recently issued reports on CPT shares. Jefferies Financial Group initiated coverage on Camden Property Trust in a research report on Friday, October 11th. They set a “hold” rating and a $123.00 price objective for the company. Barclays assumed coverage on Camden Property Trust in a report on Tuesday, December 17th. They set an “overweight” rating and a $138.00 price target on the stock. Mizuho dropped their price objective 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. Evercore ISI increased their target price on Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Finally, StockNews.com downgraded shares of Camden Property Trust from a “hold” rating to a “sell” rating in a report on Friday, November 1st.

Camden Property Trust Trading Down 1.5 %

CPT opened at $109.36 on Wednesday. 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 fifty-two week low of $90.50 and a fifty-two week high of $127.69. The firm has a market capitalization of $11.67 billion, a price-to-earnings ratio of 34.61, a PEG ratio of 4.40 and a beta of 0.94. The company’s 50 day moving average price is $118.92 and its two-hundred day moving average price is $118.46.

Camden Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th will be given a dividend of $1.03 per share. The ex-dividend date is Wednesday, December 18th. This represents a $4.12 annualized dividend and a yield of 3.77%. Camden Property Trust’s payout ratio is 130.38%.

Insider Buying and Selling at Camden Property Trust

In other news, CFO Alexander J. Jessett sold 13,067 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was 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 directly owns 124,246 shares of the company’s stock, valued at $14,226,167. The trade was a 9.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Richard J. Campo sold 7,324 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $838,598.00. Following the transaction, the chief executive officer now owns 300,135 shares of the company’s stock, valued at $34,365,457.50. The trade was a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,413 shares of company stock valued at $2,895,718 in the last quarter. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Camden Property Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp boosted its stake in shares of Camden Property Trust by 0.5% in 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 acquiring an additional 36,528 shares during the period. FMR LLC lifted its position in shares of Camden Property Trust by 14.5% in the third quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust’s stock worth $407,324,000 after buying an additional 416,701 shares in the last quarter. Geode Capital Management LLC boosted its stake in Camden Property Trust by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,739,831 shares of the real estate investment trust’s stock valued at $337,394,000 after buying an additional 20,097 shares during the last quarter. Wellington Management Group LLP increased its position in Camden Property Trust by 86.9% in the third quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock worth $243,952,000 after purchasing an additional 918,078 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Camden Property Trust by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,597,441 shares of the real estate investment trust’s stock worth $174,299,000 after buying an additional 54,475 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

About Camden Property Trust

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.