Camden Property Trust (NYSE:CPT) Lowered to Sell Rating by StockNews.com

StockNews.com lowered shares of Camden Property Trust (NYSE:CPT) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.

A number of other research analysts have also recently issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a report on Monday, February 10th. Wells Fargo & Company cut their price objective on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Mizuho dropped their price target on 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. Evercore ISI raised their price target on Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. Finally, Stifel Nicolaus upped their price objective on Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Camden Property Trust has an average rating of “Hold” and an average price target of $126.53.

Camden Property Trust Stock Up 1.6 %

NYSE:CPT opened at $120.86 on Thursday. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. Camden Property Trust has a 12-month low of $92.26 and a 12-month high of $127.69. The stock’s fifty day simple moving average is $115.03 and its 200-day simple moving average is $119.27. The firm has a market capitalization of $12.89 billion, a P/E ratio of 80.57, a P/E/G ratio of 4.36 and a beta of 0.94.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. Equities research analysts expect that Camden Property Trust will post 6.76 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. Stockholders of record on Monday, March 31st will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Monday, March 31st. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s payout ratio is currently 274.67%.

Insider Transactions at Camden Property Trust

In other Camden Property Trust news, Director Heather J. Brunner sold 264 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $29,055.84. Following the transaction, the director now directly owns 10,273 shares of the company’s stock, valued at $1,130,646.38. This represents a 2.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Alexander J. Jessett sold 13,067 shares of Camden Property Trust stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $1,496,171.50. Following the completion of the sale, the chief financial officer now owns 124,246 shares of the company’s stock, valued at $14,226,167. This trade represents a 9.52 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,413 shares of company stock worth $2,895,718. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Camden Property Trust

Several hedge funds and other institutional investors have recently modified their holdings of the business. Toronto Dominion Bank boosted its stake in shares of Camden Property Trust by 8.4% during the fourth quarter. Toronto Dominion Bank now owns 57,073 shares of the real estate investment trust’s stock valued at $6,623,000 after purchasing an additional 4,404 shares in the last quarter. GF Fund Management CO. LTD. bought a new stake in Camden Property Trust during the 4th quarter worth approximately $225,000. Highview Capital Management LLC DE increased its position in Camden Property Trust by 2.1% in the 4th quarter. Highview Capital Management LLC DE now owns 10,262 shares of the real estate investment trust’s stock valued at $1,191,000 after acquiring an additional 213 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Camden Property Trust by 2.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 972,112 shares of the real estate investment trust’s stock valued at $112,804,000 after acquiring an additional 25,695 shares during the period. Finally, Worldquant Millennium Advisors LLC raised its stake in shares of Camden Property Trust by 74.5% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 54,107 shares of the real estate investment trust’s stock valued at $6,279,000 after acquiring an additional 23,102 shares during the last quarter. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Company Profile

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.