Camden Property Trust (NYSE:CPT) Receives Average Recommendation of "Hold" from Brokerages

Shares of Camden Property Trust (NYSE:CPT - Get Free Report) have received a consensus recommendation of "Hold" from the eighteen ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $126.75.

A number of research analysts have weighed in on CPT shares. Evercore ISI boosted their target price on shares of Camden Property Trust from $116.00 to $118.00 and gave the company an "in-line" rating in a research note on Monday, September 16th. Jefferies Financial Group initiated coverage on Camden Property Trust in a report on Friday, October 11th. They set a "hold" rating and a $123.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised their target price on Camden Property Trust from $90.00 to $115.00 and gave the stock a "hold" rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. cut Camden Property Trust from a "neutral" rating to an "underweight" rating and dropped their price target for the company from $129.00 to $128.00 in a research report on Tuesday, December 17th. Finally, Scotiabank decreased their price objective on Camden Property Trust from $132.00 to $130.00 and set a "sector perform" rating for the company in a report on Thursday, November 14th.

Camden Property Trust Stock Performance

Shares of NYSE CPT traded up $0.74 during mid-day trading on Wednesday, reaching $111.05. 882,139 shares of the company's stock were exchanged, compared to its average volume of 879,288. The firm has a market capitalization of $11.85 billion, a price-to-earnings ratio of 35.14, a price-to-earnings-growth ratio of 4.40 and a beta of 0.94. The firm has a 50-day moving average price of $119.22 and a two-hundred day moving average price of $118.52. 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 has a 52 week low of $90.50 and a 52 week high of $127.69.

Camden Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend is Wednesday, December 18th. Camden Property Trust's payout ratio is 130.38%.

Insider Activity 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 value of $212,168.50. Following the transaction, the director now owns 10,537 shares of the company's stock, valued at $1,206,486.50. This 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 through the SEC website. Also, CFO Alexander J. Jessett sold 13,067 shares of the firm's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $1,496,171.50. Following the sale, the chief financial officer now owns 124,246 shares in the company, valued at $14,226,167. The trade was a 9.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,413 shares of company stock valued at $2,895,718 over the last three months. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Camden Property Trust

Large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its stake in shares of Camden Property Trust by 86.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust's stock valued at $243,952,000 after acquiring an additional 918,078 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Camden Property Trust by 508.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 946,417 shares of the real estate investment trust's stock valued at $116,911,000 after purchasing an additional 790,974 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of Camden Property Trust by 97.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust's stock worth $158,028,000 after buying an additional 630,768 shares during the period. Duquesne Family Office LLC bought a new stake in Camden Property Trust during the 2nd quarter valued at $63,056,000. Finally, Heitman Real Estate Securities LLC boosted its position in Camden Property Trust by 3,155.8% during the 3rd quarter. Heitman Real Estate Securities LLC now owns 449,295 shares of the real estate investment trust's stock valued at $55,501,000 after buying an additional 435,495 shares during the period. 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.