Camden Property Trust (CPT) Given Average Recommendation of “Hold” by Analysts

Shares of Camden Property Trust (NYSE:CPT) have been given an average recommendation of “Hold” by the sixteen research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $90.57.

Several research firms have recently commented on CPT. BMO Capital Markets reissued a “buy” rating and set a $95.00 target price on shares of Camden Property Trust in a research report on Friday. Sandler O’Neill raised shares of Camden Property Trust from a “hold” rating to a “buy” rating and upped their price objective for the stock from $93.00 to $105.00 in a research report on Tuesday, September 5th. Royal Bank Of Canada upped their price objective on shares of Camden Property Trust from $91.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, August 7th. Stifel Nicolaus started coverage on shares of Camden Property Trust in a research report on Friday, September 1st. They issued a “buy” rating and a $99.00 price objective for the company. Finally, Deutsche Bank AG upped their price objective on shares of Camden Property Trust from $84.00 to $85.00 and gave the stock a “hold” rating in a research report on Friday, August 18th.

In related news, EVP William W. Sengelmann sold 763 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $89.76, for a total transaction of $68,486.88. Following the sale, the executive vice president now owns 71,836 shares of the company’s stock, valued at approximately $6,447,999.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alexander J. Jessett sold 11,788 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $89.81, for a total transaction of $1,058,680.28. Following the sale, the executive vice president now directly owns 56,783 shares in the company, valued at approximately $5,099,681.23. The disclosure for this sale can be found here. Insiders have sold a total of 118,584 shares of company stock worth $10,618,035 over the last 90 days. 4.70% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. YorkBridge Wealth Partners LLC increased its holdings in Camden Property Trust by 6.1% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,171 shares of the real estate investment trust’s stock worth $101,000 after acquiring an additional 67 shares during the period. Sawtooth Solutions LLC increased its holdings in Camden Property Trust by 2.7% during the 2nd quarter. Sawtooth Solutions LLC now owns 2,701 shares of the real estate investment trust’s stock worth $231,000 after acquiring an additional 72 shares during the period. PNC Financial Services Group Inc. increased its holdings in Camden Property Trust by 0.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 12,989 shares of the real estate investment trust’s stock worth $1,111,000 after acquiring an additional 97 shares during the period. World Asset Management Inc increased its holdings in Camden Property Trust by 1.6% during the 1st quarter. World Asset Management Inc now owns 6,670 shares of the real estate investment trust’s stock worth $537,000 after acquiring an additional 107 shares during the period. Finally, Linscomb & Williams Inc. increased its holdings in Camden Property Trust by 2.6% during the 2nd quarter. Linscomb & Williams Inc. now owns 4,805 shares of the real estate investment trust’s stock worth $411,000 after acquiring an additional 124 shares during the period. 95.94% of the stock is currently owned by institutional investors and hedge funds.

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Camden Property Trust (NYSE CPT) traded down 0.60% during trading on Tuesday, hitting $94.35. 1,519,540 shares of the stock were exchanged. The firm has a market cap of $8.27 billion, a PE ratio of 21.11 and a beta of 0.38. The firm’s 50-day moving average is $89.88 and its 200 day moving average is $85.11. Camden Property Trust has a 52 week low of $75.36 and a 52 week high of $95.86.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. The company had revenue of $222.40 million during the quarter, compared to the consensus estimate of $222.44 million. Camden Property Trust had a net margin of 46.10% and a return on equity of 13.17%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.15 earnings per share. Analysts expect that Camden Property Trust will post $1.73 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Investors of record on Friday, September 29th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Thursday, September 28th. Camden Property Trust’s payout ratio is currently 67.11%.

Camden Property Trust Company Profile

Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. As of December 31, 2016, the Company owned interests in, operated, or were developing 159 multifamily properties, which consisted of 55,366 apartment homes across the United States.

Analyst Recommendations for Camden Property Trust (NYSE:CPT)

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