Barclays Raises Camden Property Trust (NYSE:CPT) Price Target to $130.00

Camden Property Trust (NYSE:CPT) had its target price boosted by Barclays from $126.00 to $130.00 in a report published on Wednesday,Benzinga reports. The firm currently has an overweight rating on the real estate investment trust’s stock.

Several other equities analysts have also recently issued reports on CPT. Wells Fargo & Company dropped 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 note on Friday, January 24th. Evercore ISI increased their price target on shares of Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Scotiabank lifted their price objective on Camden Property Trust from $130.00 to $135.00 and gave the company a “sector perform” rating in a report on Friday, February 14th. Mizuho cut 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. Finally, StockNews.com raised Camden Property Trust from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $126.53.

Camden Property Trust Trading Down 0.4 %

NYSE CPT opened at $118.94 on Wednesday. The firm’s fifty day moving average is $115.03 and its two-hundred day moving average is $119.26. Camden Property Trust has a one year low of $92.26 and a one year high of $127.69. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. The firm has a market cap of $12.69 billion, a PE ratio of 79.30, a P/E/G ratio of 4.34 and a beta of 0.94.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data 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 return on equity of 3.35% and a net margin of 10.58%. Analysts expect that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The business also recently announced 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. The ex-dividend date is Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a yield of 3.53%. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s dividend payout ratio is presently 274.67%.

Insider Buying and Selling at Camden Property Trust

In related news, Director Heather J. Brunner sold 1,853 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $212,168.50. Following the sale, the director now owns 10,537 shares of the company’s stock, valued at $1,206,486.50. This trade represents a 14.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard J. Campo sold 7,324 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were 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. The trade was a 2.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,413 shares of company stock worth $2,895,718. 1.90% of the stock is owned by insiders.

Institutional Trading of Camden Property Trust

Hedge funds and other institutional investors have recently bought and sold shares of the company. SMART Wealth LLC acquired a new stake in shares of Camden Property Trust during the third quarter worth $829,000. Nordea Investment Management AB lifted its position in Camden Property Trust by 15.0% during the fourth quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust’s stock worth $11,339,000 after buying an additional 12,805 shares during the period. QRG Capital Management Inc. acquired a new stake in Camden Property Trust in the 3rd quarter worth about $1,660,000. Franklin Resources Inc. grew its holdings in Camden Property Trust by 3.2% in the 3rd quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust’s stock valued at $23,174,000 after buying an additional 5,985 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Camden Property Trust by 10.5% during the 3rd quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust’s stock valued at $66,563,000 after acquiring an additional 51,097 shares during the last quarter. 97.22% of the stock is owned by hedge funds and other 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.