Camden Property Trust (NYSE:CPT) Price Target Raised to $127.00

Camden Property Trust (NYSE:CPT) had its price target increased by Evercore ISI from $118.00 to $127.00 in a report published on Monday,Benzinga reports. Evercore ISI currently has an in-line rating on the real estate investment trust’s stock.

Other equities research analysts have also issued research reports about the stock. Wells Fargo & Company dropped their price target on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Stifel Nicolaus raised their price objective on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a research note on Friday, February 7th. Barclays lowered their price objective on shares of Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Mizuho lowered 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 research note on Monday, January 6th. Finally, JPMorgan Chase & Co. lowered shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $126.03.

Camden Property Trust Price Performance

Shares of NYSE:CPT opened at $118.46 on Monday. The firm’s 50 day moving average is $115.30 and its two-hundred day moving average is $119.08. Camden Property Trust has a 52 week low of $90.50 and a 52 week high of $127.69. The firm has a market capitalization of $12.64 billion, a P/E ratio of 78.97, a PEG ratio of 4.27 and a beta of 0.94. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS 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 3.32%. Analysts anticipate that Camden Property Trust will post 6.8 earnings per share for the current year.

Camden Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a $1.05 dividend. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date is Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a yield of 3.55%. Camden Property Trust’s dividend payout ratio (DPR) is currently 274.67%.

Insider Buying and Selling

In related news, Director Heather J. Brunner sold 264 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $29,055.84. Following the completion of the transaction, the director now owns 10,273 shares of the company’s stock, valued at approximately $1,130,646.38. This trade represents a 2.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard J. Campo sold 7,324 shares of the firm’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 transaction of $838,598.00. Following the completion of the transaction, the chief executive officer now directly owns 300,135 shares of the company’s stock, valued at $34,365,457.50. This represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,413 shares of company stock valued at $2,895,718. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Camden Property Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its stake in shares of Camden Property Trust by 76.6% during the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 98 shares during the period. National Pension Service acquired a new stake in shares of Camden Property Trust during the 4th quarter valued at $26,000. Quent Capital LLC boosted its stake in shares of Camden Property Trust by 87.0% during the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 114 shares during the period. IAG Wealth Partners LLC acquired a new stake in shares of Camden Property Trust during the 4th quarter valued at $29,000. Finally, Neo Ivy Capital Management acquired a new stake in shares of Camden Property Trust during the 3rd quarter valued at $38,000. Institutional investors and hedge funds 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.