Camden Property Trust (NYSE:CPT) Upgraded by Jefferies Financial Group to "Buy" Rating

Jefferies Financial Group upgraded shares of Camden Property Trust (NYSE:CPT - Free Report) from a hold rating to a buy rating in a research report sent to investors on Monday morning, Marketbeat reports. They currently have $139.00 target price on the real estate investment trust's stock, up from their prior target price of $117.00.

CPT has been the subject of several other research reports. Barclays raised their target price on Camden Property Trust from $126.00 to $130.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Stifel Nicolaus upped their target price on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a "hold" rating in a report on Friday, February 7th. StockNews.com downgraded shares of Camden Property Trust from a "hold" rating to a "sell" rating in a report on Saturday, March 8th. Evercore ISI upped 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. Finally, Mizuho dropped their price objective 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. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $127.19.

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Camden Property Trust Stock Performance

CPT traded down $1.68 during trading hours on Monday, hitting $116.72. The stock had a trading volume of 898,004 shares, compared to its average volume of 865,420. The stock has a market cap of $12.46 billion, a PE ratio of 77.81, a price-to-earnings-growth 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 quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. The company's fifty day simple moving average is $116.67 and its 200 day simple moving average is $119.54.

Camden Property Trust (NYSE:CPT - Get Free Report) 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 net margin of 10.58% and a return on equity of 3.35%. Equities analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be given a $1.05 dividend. The ex-dividend date is Monday, March 31st. This represents a $4.20 annualized dividend and a yield of 3.60%. This is an increase from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's payout ratio is presently 280.00%.

Insider Activity

In other news, CEO Richard J. Campo sold 7,324 shares of the 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 sale, the chief executive officer now directly owns 300,135 shares in the company, valued at approximately $34,365,457.50. This represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Alexander J. Jessett sold 13,067 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $1,496,171.50. Following the completion of the sale, the chief financial officer now directly owns 124,246 shares in the company, valued at $14,226,167. The trade was a 9.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,548 shares of company stock valued at $2,912,212. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Camden Property Trust

Several institutional investors and hedge funds have recently bought and sold shares of CPT. National Pension Service purchased a new stake in Camden Property Trust in the fourth quarter worth $26,000. UMB Bank n.a. boosted its stake in shares of Camden Property Trust by 76.6% during the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 98 shares in the last quarter. Quent Capital LLC boosted its stake in shares of Camden Property Trust by 87.0% during the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 114 shares in the last quarter. IAG Wealth Partners LLC purchased a new position in shares of Camden Property Trust during the fourth quarter valued at about $29,000. Finally, Bellwether Advisors LLC bought a new position in Camden Property Trust in the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 97.22% of the company's stock.

About Camden Property Trust

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.