Camden Property Trust (NYSE:CPT) Price Target Raised to $129.00 at Truist Financial

Camden Property Trust (NYSE:CPT) had its price objective lifted by Truist Financial from $122.00 to $129.00 in a report published on Monday,Benzinga reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Several other brokerages also recently commented on CPT. Royal Bank of Canada raised their target price on Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a research note on Monday, February 10th. Mizuho reduced their target price on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. Evercore ISI raised their target price 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. Wells Fargo & Company reduced their target price on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Finally, Stifel Nicolaus raised their target price on Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $127.19.

Camden Property Trust Trading Down 1.7 %

Shares of NYSE:CPT opened at $118.40 on Monday. The company has a market capitalization of $12.64 billion, a P/E ratio of 78.93, a P/E/G ratio of 4.41 and a beta of 0.94. Camden Property Trust has a 1 year low of $94.75 and a 1 year high of $127.69. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The business’s 50 day simple moving average is $116.63 and its 200 day simple moving average is $119.55.

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 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%. On average, research analysts anticipate that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a dividend yield of 3.55%. Camden Property Trust’s payout ratio is currently 280.00%.

Insider Buying and Selling at Camden Property Trust

In other news, CEO Richard J. Campo sold 1,043 shares of the stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $114,792.58. Following the completion of the transaction, the chief executive officer now directly owns 299,092 shares in the company, valued at approximately $32,918,065.52. This represents a 0.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Heather J. Brunner sold 1,853 shares of the firm’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 $212,168.50. Following the transaction, the director now owns 10,537 shares in the company, valued at $1,206,486.50. This trade represents a 14.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,548 shares of company stock worth $2,912,212. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Camden Property Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. National Pension Service bought a new stake in Camden Property Trust in the fourth quarter worth about $26,000. UMB Bank n.a. increased its stake in Camden Property Trust by 76.6% in the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 98 shares in the last quarter. Quent Capital LLC increased its stake in Camden Property Trust by 87.0% in the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 114 shares in the last quarter. IAG Wealth Partners LLC purchased a new position in Camden Property Trust in the 4th quarter worth about $29,000. Finally, Bellwether Advisors LLC purchased a new position in Camden Property Trust in the 4th quarter worth about $31,000. 97.22% of the stock is currently owned by institutional investors.

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.