Camden Property Trust (NYSE:CPT) Upgraded at StockNews.com

StockNews.com upgraded shares of Camden Property Trust (NYSE:CPT - Free Report) from a sell rating to a hold rating in a research note published on Tuesday.

Other equities analysts also recently issued research reports about the company. Evercore ISI upped their price objective on Camden Property Trust from $118.00 to $127.00 and gave the company an "in-line" rating in a research report on Monday, February 10th. Barclays boosted their price target on Camden Property Trust from $126.00 to $130.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Royal Bank of Canada upped their price target on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a report on Monday, February 10th. JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a "neutral" rating to an "underweight" rating and decreased their price objective for the stock from $129.00 to $128.00 in a research report on Tuesday, December 17th. Finally, Mizuho reduced their price objective on shares of Camden Property Trust from $129.00 to $125.00 and set an "outperform" rating for the company in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $127.19.

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Camden Property Trust Stock Performance

Shares of NYSE CPT traded down $0.89 during trading on Tuesday, hitting $119.16. The company had a trading volume of 1,696,728 shares, compared to its average volume of 858,113. The stock has a 50 day simple moving average of $117.61 and a 200 day simple moving average of $119.27. The firm has a market capitalization of $12.72 billion, a P/E ratio of 79.44, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. Camden Property Trust has a 12 month low of $94.75 and a 12 month high of $127.69. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping 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%. As a group, analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The company also recently announced 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. This is a positive change from Camden Property Trust's previous quarterly dividend of $1.03. The ex-dividend date is Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a yield of 3.52%. Camden Property Trust's payout ratio is presently 280.00%.

Insider Buying and Selling at Camden Property Trust

In other news, Director Heather J. Brunner sold 264 shares of the company's stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $29,055.84. Following the completion of the sale, the director now directly owns 10,273 shares of the company's stock, valued at approximately $1,130,646.38. This represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard J. Campo sold 7,324 shares of Camden Property Trust stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $838,598.00. Following the completion of the transaction, the chief executive officer now owns 300,135 shares in the company, valued at $34,365,457.50. This trade represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,548 shares of company stock worth $2,912,212 over the last ninety days. Corporate insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Camden Property Trust

A number of institutional investors have recently added to or reduced their stakes in CPT. Norges Bank acquired a new position in Camden Property Trust during the fourth quarter worth $187,606,000. Wellington Management Group LLP grew its stake in shares of Camden Property Trust by 86.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust's stock worth $243,952,000 after purchasing an additional 918,078 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Camden Property Trust by 508.9% in the 3rd 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 in the last quarter. Jacobs Levy Equity Management Inc. lifted 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 valued at $158,028,000 after purchasing an additional 630,768 shares during the period. Finally, Invesco Ltd. boosted its holdings in Camden Property Trust by 17.3% during the fourth quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust's stock worth $344,432,000 after buying an additional 438,685 shares in the last quarter. 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.