Stifel Nicolaus Forecasts Strong Price Appreciation for Camden Property Trust (NYSE:CPT) Stock

Camden Property Trust (NYSE:CPT - Free Report) had its price target boosted by Stifel Nicolaus from $121.00 to $122.00 in a research report released on Friday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the real estate investment trust's stock.

CPT has been the subject of a number of other reports. Wells Fargo & Company decreased their price target 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. Scotiabank decreased their price target on Camden Property Trust from $132.00 to $130.00 and set a "sector perform" rating for the company in a research note on Thursday, November 14th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $121.00 price objective on shares of Camden Property Trust in a report on Wednesday, January 22nd. Jefferies Financial Group began coverage on shares of Camden Property Trust in a research report on Friday, October 11th. They issued a "hold" rating and a $123.00 price target on the stock. Finally, StockNews.com downgraded Camden Property Trust from a "hold" rating to a "sell" rating in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Camden Property Trust has an average rating of "Hold" and a consensus target price of $126.03.

Camden Property Trust Stock Down 0.3 %

Camden Property Trust stock traded down $0.33 during midday trading on Friday, hitting $119.01. 520,024 shares of the company were exchanged, compared to its average volume of 860,201. The company has a market cap of $12.70 billion, a PE ratio of 79.42, a price-to-earnings-growth ratio of 4.27 and a beta of 0.94. Camden Property Trust has a fifty-two week low of $90.50 and a fifty-two week high of $127.69. The company's fifty day moving average price is $115.42 and its 200-day moving average price is $119.03. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating analysts' consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.32% and a net margin of 10.58%. On average, research analysts predict that Camden Property Trust will post 6.8 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be issued a dividend of $1.05 per share. 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 yield of 3.53%. The ex-dividend date of this dividend is Monday, March 31st. Camden Property Trust's dividend payout ratio (DPR) is 274.67%.

Insiders Place Their Bets

In other Camden Property Trust news, CEO Richard J. Campo sold 7,324 shares of Camden Property Trust stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $838,598.00. Following 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Alexander J. Jessett sold 13,067 shares of the business's stock in a transaction on 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 transaction, the chief financial officer now directly owns 124,246 shares in the company, valued at $14,226,167. This trade represents a 9.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,413 shares of company stock valued at $2,895,718 over the last quarter. Insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. UMB Bank n.a. raised its holdings 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 valued at $26,000 after acquiring an additional 98 shares in the last quarter. First American Bank lifted its position in Camden Property Trust by 1.0% in the fourth quarter. First American Bank now owns 10,846 shares of the real estate investment trust's stock worth $1,259,000 after purchasing an additional 104 shares during the period. Fisher Asset Management LLC boosted its stake in Camden Property Trust by 2.5% during the fourth quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust's stock worth $499,000 after buying an additional 105 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings in Camden Property Trust by 5.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust's stock valued at $294,000 after buying an additional 113 shares during the period. Finally, Doliver Advisors LP raised its stake in shares of Camden Property Trust by 6.7% in the 4th quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust's stock valued at $209,000 after buying an additional 113 shares in the last quarter. Institutional investors and hedge funds 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.