Camden Property Trust (NYSE:CPT) Price Target Lowered to $126.00 at Barclays

Camden Property Trust (NYSE:CPT) had its price target trimmed by Barclays from $138.00 to $126.00 in a report issued on Friday,Benzinga reports. The firm currently has an overweight rating on the real estate investment trust’s stock.

Other equities analysts have also issued research reports about the company. Scotiabank cut their target price on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Stifel Nicolaus downgraded Camden Property Trust from a “buy” rating to a “hold” rating and boosted their price target for the company from $120.00 to $121.00 in a research note on Wednesday, November 13th. StockNews.com downgraded shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. 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 objective on the stock. Finally, JPMorgan Chase & Co. downgraded Camden Property Trust from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $129.00 to $128.00 in a research report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $125.36.

Camden Property Trust Trading Up 0.6 %

Shares of CPT opened at $110.62 on Friday. The company has a 50-day moving average of $117.32 and a 200 day moving average of $118.63. 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 firm has a market capitalization of $11.80 billion, a price-to-earnings ratio of 35.01, a PEG ratio of 4.03 and a beta of 0.94.

Camden Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th were issued a dividend of $1.03 per share. The ex-dividend date was Wednesday, December 18th. This represents a $4.12 annualized dividend and a yield of 3.72%. Camden Property Trust’s dividend payout ratio is presently 130.38%.

Insider Activity at Camden Property Trust

In other Camden Property Trust news, Director Heather J. Brunner sold 1,853 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were 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 of the company’s stock, valued at approximately $1,206,486.50. This trade represents a 14.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard J. Campo sold 7,324 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $838,598.00. Following the completion of the sale, the chief executive officer now directly owns 300,135 shares in the company, valued at $34,365,457.50. This represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,413 shares of company stock valued at $2,895,718 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CPT. Wellington Management Group LLP grew its holdings in shares of Camden Property Trust by 86.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock valued at $243,952,000 after acquiring an additional 918,078 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Camden Property Trust by 508.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 946,417 shares of the real estate investment trust’s stock worth $116,911,000 after purchasing an additional 790,974 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in Camden Property Trust by 97.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust’s stock worth $158,028,000 after purchasing an additional 630,768 shares during the last quarter. Heitman Real Estate Securities LLC grew its holdings in Camden Property Trust by 3,155.8% during the third quarter. Heitman Real Estate Securities LLC now owns 449,295 shares of the real estate investment trust’s stock valued at $55,501,000 after purchasing an additional 435,495 shares during the last quarter. Finally, FMR LLC raised 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 valued at $407,324,000 after purchasing an additional 416,701 shares during the period. 97.22% of the stock is currently owned by institutional investors and hedge funds.

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.