Sandler O’Neill upgraded shares of Camden Property Trust (NYSE:CPT) from a hold rating to a buy rating in a research report report published on Tuesday, September 5th, MarketBeat reports. Sandler O’Neill currently has $105.00 price target on the real estate investment trust’s stock, up from their prior price target of $93.00.
A number of other equities research analysts have also recently issued reports on the stock. Royal Bank Of Canada reaffirmed a buy rating and issued a $91.00 target price on shares of Camden Property Trust in a report on Sunday, July 16th. KeyCorp raised shares of Camden Property Trust from a sector weight rating to an overweight rating and set a $93.00 target price on the stock in a report on Tuesday, June 13th. They noted that the move was a valuation call. BidaskClub raised shares of Camden Property Trust from a sell rating to a hold rating in a report on Wednesday, June 14th. Evercore ISI raised shares of Camden Property Trust from an in-line rating to an outperform rating and increased their price target for the company from $87.00 to $90.00 in a report on Thursday, May 18th. They noted that the move was a valuation call. Finally, Stifel Nicolaus began coverage on shares of Camden Property Trust in a report on Friday, September 1st. They issued a buy rating and a $99.00 price target on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $90.40.
Camden Property Trust (CPT) traded up 0.048% during trading on Tuesday, reaching $94.015. The company’s stock had a trading volume of 54,737 shares. Camden Property Trust has a 52 week low of $75.36 and a 52 week high of $96.39. The company has a market cap of $8.24 billion, a P/E ratio of 21.032 and a beta of 0.38. The company’s 50 day moving average price is $90.02 and its 200 day moving average price is $85.18.
Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.15 EPS for the quarter, topping the Zacks’ 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 company’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the prior year, the business posted $1.15 EPS. On average, equities analysts anticipate that Camden Property Trust will post $1.73 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Friday, September 29th will be given a $0.75 dividend. The ex-dividend date is Thursday, September 28th. This represents a $3.00 dividend on an annualized basis and a yield of 3.19%. Camden Property Trust’s dividend payout ratio is currently 67.11%.
In other news, EVP Alexander J. Jessett sold 11,788 shares of Camden Property Trust stock in a transaction on Monday, August 7th. The shares were sold at an average price of $89.81, for a total transaction of $1,058,680.28. Following the transaction, the executive vice president now owns 56,783 shares in the company, valued at $5,099,681.23. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP William W. Sengelmann sold 763 shares of Camden Property Trust stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $89.76, for a total transaction of $68,486.88. Following the transaction, the executive vice president now directly owns 71,836 shares of the company’s stock, valued at approximately $6,447,999.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 118,584 shares of company stock worth $10,618,035. 4.70% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in CPT. Telos Capital Management Inc. increased its stake in Camden Property Trust by 1.4% in the first quarter. Telos Capital Management Inc. now owns 4,088 shares of the real estate investment trust’s stock valued at $329,000 after purchasing an additional 55 shares in the last quarter. YorkBridge Wealth Partners LLC increased its stake in Camden Property Trust by 6.1% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,171 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 67 shares in the last quarter. Sawtooth Solutions LLC increased its stake in Camden Property Trust by 2.7% in the second quarter. Sawtooth Solutions LLC now owns 2,701 shares of the real estate investment trust’s stock valued at $231,000 after purchasing an additional 72 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Camden Property Trust by 0.8% in the second quarter. PNC Financial Services Group Inc. now owns 12,989 shares of the real estate investment trust’s stock valued at $1,111,000 after purchasing an additional 97 shares in the last quarter. Finally, World Asset Management Inc increased its stake in Camden Property Trust by 1.6% in the first quarter. World Asset Management Inc now owns 6,670 shares of the real estate investment trust’s stock valued at $537,000 after purchasing an additional 107 shares in the last quarter. 95.94% of the stock is owned by institutional investors and hedge funds.
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.
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