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

Shares of Camden Property Trust (NYSE:CPT) have been assigned an average recommendation of “Hold” from the seventeen research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $92.06.

CPT has been the topic of several analyst reports. Royal Bank Of Canada lifted their target price on shares of Camden Property Trust from $91.00 to $95.00 and gave the company an “outperform” rating in a report on Monday, August 7th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $93.00 price objective on shares of Camden Property Trust in a research note on Wednesday, October 4th. KeyCorp raised their price objective on shares of Camden Property Trust from $93.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, September 15th. Sandler O’Neill upgraded shares of Camden Property Trust from a “hold” rating to a “buy” rating and raised their price objective for the company from $93.00 to $105.00 in a research note on Tuesday, September 5th. Finally, Stifel Nicolaus initiated coverage on shares of Camden Property Trust in a research note on Friday, September 1st. They issued a “buy” rating and a $99.00 price objective for the company.

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In related news, EVP William W. Sengelmann sold 763 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $89.76, for a total value of $68,486.88. Following the sale, the executive vice president now directly owns 71,836 shares of the company’s stock, valued at $6,447,999.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William W. Sengelmann sold 5,085 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $90.15, for a total transaction of $458,412.75. Following the completion of the sale, the executive vice president now directly owns 71,836 shares in the company, valued at $6,476,015.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 118,584 shares of company stock worth $10,618,035. Corporate insiders own 4.70% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in CPT. YorkBridge Wealth Partners LLC grew its position in shares of Camden Property Trust by 6.1% during the second 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 last quarter. Penserra Capital Management LLC bought a new position in shares of Camden Property Trust during the third quarter worth about $110,000. Perigon Wealth Management LLC grew its position in shares of Camden Property Trust by 59.3% during the second quarter. Perigon Wealth Management LLC now owns 2,150 shares of the real estate investment trust’s stock worth $185,000 after acquiring an additional 800 shares during the last quarter. Eqis Capital Management Inc. bought a new position in shares of Camden Property Trust during the second quarter worth about $201,000. Finally, Sawtooth Solutions LLC grew its position in shares of Camden Property Trust by 2.7% during the second 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 last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.

Camden Property Trust (NYSE CPT) traded down 0.24% during trading on Wednesday, reaching $91.02. 70,126 shares of the company’s stock traded hands. The company has a 50 day moving average price of $92.60 and a 200-day moving average price of $88.07. The company has a market cap of $7.98 billion, a PE ratio of 20.36 and a beta of 0.41. Camden Property Trust has a 12-month low of $75.36 and a 12-month high of $96.39.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, October 26th. The real estate investment trust reported $1.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.03). The firm had revenue of $228.18 million during the quarter, compared to analysts’ expectations of $226.41 million. Camden Property Trust had a net margin of 16.81% and a return on equity of 4.71%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.13 EPS. On average, equities research analysts forecast that Camden Property Trust will post $1.72 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 17th. Shareholders of record on Friday, September 29th were paid a dividend of $0.75 per share. The ex-dividend date was Thursday, September 28th. This represents a $3.00 annualized dividend and a yield of 3.29%. Camden Property Trust’s dividend payout ratio is currently 182.93%.

About Camden Property Trust

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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