Evercore ISI Raises Camden Property Trust (NYSE:CPT) Price Target to $127.00

Camden Property Trust (NYSE:CPT - Free Report) had its target price hoisted by Evercore ISI from $118.00 to $127.00 in a research note published on Monday morning,Benzinga reports. They currently have an in-line rating on the real estate investment trust's stock.

A number of other brokerages have also commented on CPT. StockNews.com lowered Camden Property Trust from a "hold" rating to a "sell" rating in a report on Friday, November 1st. Mizuho decreased their price target on Camden Property Trust from $129.00 to $125.00 and set an "outperform" rating for the company in a report on Monday, January 6th. Royal Bank of Canada reissued a "sector perform" rating and issued a $121.00 price target on shares of Camden Property Trust in a research report on Wednesday, January 22nd. Wells Fargo & Company cut their price objective on shares of Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Finally, 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 research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Camden Property Trust has an average rating of "Hold" and an average price target of $126.03.

Camden Property Trust Stock Up 0.9 %

Shares of CPT traded up $1.05 during trading hours on Monday, reaching $119.45. The stock had a trading volume of 463,228 shares, compared to its average volume of 893,273. The firm has a 50-day simple moving average of $115.30 and a 200 day simple moving average of $119.08. Camden Property Trust has a 12 month low of $91.95 and a 12 month high of $127.69. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $12.74 billion, a price-to-earnings ratio of 79.78, a P/E/G ratio of 4.27 and a beta of 0.94.

Camden Property Trust (NYSE:CPT - Get Free Report) last released 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 net margin of 10.58% and a return on equity of 3.32%. Equities research analysts predict that Camden Property Trust will post 6.8 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

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

Insiders Place Their Bets

In related news, Director Heather J. Brunner sold 264 shares of the company's stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $29,055.84. Following the sale, the director now directly owns 10,273 shares in the company, valued at approximately $1,130,646.38. This represents a 2.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Alexander J. Jessett sold 1,862 shares of Camden Property Trust stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $204,931.72. Following the completion of the transaction, the chief financial officer now owns 122,384 shares of the company's stock, valued at $13,469,583.04. This represents a 1.50 % decrease in their ownership of the stock. 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 ninety days. 1.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Camden Property Trust

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Camden Property Trust by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 17,250,406 shares of the real estate investment trust's stock valued at $2,001,737,000 after purchasing an additional 125,287 shares during the period. State Street Corp grew its holdings in Camden Property Trust by 0.5% during the 3rd quarter. State Street Corp now owns 7,118,930 shares of the real estate investment trust's stock valued at $886,693,000 after buying an additional 36,528 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Camden Property Trust by 6.7% during the fourth quarter. Victory Capital Management Inc. now owns 4,400,846 shares of the real estate investment trust's stock valued at $510,674,000 after buying an additional 277,117 shares during the period. FMR LLC lifted its holdings in shares of Camden Property Trust by 14.5% in the third quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust's stock worth $407,324,000 after buying an additional 416,701 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Camden Property Trust by 17.3% in 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.