Several other research firms have also issued reports on CPT. Sandler O’Neill set a $97.00 target price on Camden Property Trust and gave the company a buy rating in a report on Tuesday. Stifel Nicolaus reaffirmed a buy rating and issued a $94.00 target price on shares of Camden Property Trust in a report on Monday, February 5th. Zacks Investment Research lowered Camden Property Trust from a hold rating to a sell rating in a report on Wednesday, January 10th. SunTrust Banks set a $89.00 target price on Camden Property Trust and gave the company a hold rating in a report on Monday, January 22nd. Finally, BMO Capital Markets set a $96.00 target price on Camden Property Trust and gave the company a buy rating in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $91.60.
Shares of Camden Property Trust (CPT) traded up $1.97 on Friday, reaching $80.75. The company’s stock had a trading volume of 1,049,160 shares, compared to its average volume of 575,571. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.24 and a quick ratio of 1.94. The company has a market cap of $7,649.14, a price-to-earnings ratio of 38.45, a P/E/G ratio of 3.06 and a beta of 0.34. Camden Property Trust has a 1 year low of $78.38 and a 1 year high of $96.39.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Friday, March 30th will be paid a $0.77 dividend. This is an increase from Camden Property Trust’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $3.08 annualized dividend and a yield of 3.81%. Camden Property Trust’s dividend payout ratio is presently 142.86%.
In other Camden Property Trust news, Director Kelvin R. Westbrook sold 425 shares of the stock in a transaction on Friday, January 5th. The stock was sold at an average price of $88.42, for a total transaction of $37,578.50. Following the sale, the director now owns 20,477 shares in the company, valued at $1,810,576.34. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President D Keith Oden sold 55,682 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $92.27, for a total value of $5,137,778.14. Following the sale, the president now owns 364,771 shares in the company, valued at approximately $33,657,420.17. The disclosure for this sale can be found here. In the last quarter, insiders sold 126,297 shares of company stock worth $11,635,108. 4.70% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of CPT. Penserra Capital Management LLC purchased a new stake in shares of Camden Property Trust during the third quarter worth $110,000. Victory Capital Management Inc. lifted its position in shares of Camden Property Trust by 285.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,386 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 1,026 shares in the last quarter. Perigon Wealth Management LLC lifted 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 in the last quarter. FDx Advisors Inc. purchased a new stake in shares of Camden Property Trust during the fourth quarter worth $202,000. Finally, Global X Management Co. LLC lifted its position in shares of Camden Property Trust by 45.3% during the fourth quarter. Global X Management Co. LLC now owns 2,309 shares of the real estate investment trust’s stock worth $213,000 after acquiring an additional 720 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.
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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