Mizuho set a $81.00 price target on Camden Property Trust (NYSE:CPT) in a report released on Friday. The firm currently has a hold rating on the real estate investment trust’s stock.
Several other research analysts have also recently weighed in on CPT. Sandler O’Neill set a $97.00 target price on Camden Property Trust and gave the stock a buy rating in a report on Tuesday, February 6th. Stifel Nicolaus restated a buy rating and set a $94.00 target price on shares of Camden Property Trust in a report on Monday, February 5th. Zacks Investment Research cut Camden Property Trust from a hold rating to a sell rating in a report on Wednesday, January 10th. SunTrust Banks set a $89.00 target price on Camden Property Trust and gave the stock a hold rating in a report on Monday, January 22nd. Finally, TheStreet cut Camden Property Trust from a b rating to a c+ rating in a report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $91.27.
Shares of Camden Property Trust (CPT) opened at $81.19 on Friday. The company has a market capitalization of $7,880.00, a P/E ratio of 38.12, a price-to-earnings-growth ratio of 3.13 and a beta of 0.34. Camden Property Trust has a 52 week low of $78.38 and a 52 week high of $96.39. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.63.
Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, February 1st. The real estate investment trust reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.18 by ($0.27). The company had revenue of $229.80 million for the quarter, compared to analyst estimates of $228.99 million. Camden Property Trust had a return on equity of 6.01% and a net margin of 21.80%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.15 earnings per share. equities analysts anticipate that Camden Property Trust will post 4.76 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Friday, March 30th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This is a boost from Camden Property Trust’s previous quarterly dividend of $0.75. This represents a $3.08 dividend on an annualized basis and a yield of 3.79%. Camden Property Trust’s dividend payout ratio is currently 140.85%.
In related news, Chairman Richard J. Campo sold 379 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $94.44, for a total value of $35,792.76. Following the transaction, the chairman now directly owns 338,519 shares in the company, valued at $31,969,734.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President D Keith Oden sold 55,682 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $92.27, for a total value of $5,137,778.14. Following the completion of the transaction, the president now owns 364,771 shares in the company, valued at $33,657,420.17. The disclosure for this sale can be found here. Insiders sold 126,297 shares of company stock worth $11,635,108 over the last quarter. 4.70% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. Phocas Financial Corp. lifted its stake in Camden Property Trust by 3.4% during the second quarter. Phocas Financial Corp. now owns 5,619 shares of the real estate investment trust’s stock worth $480,000 after purchasing an additional 183 shares in the last quarter. Cadence Capital Management LLC lifted its stake in Camden Property Trust by 9.7% during the third quarter. Cadence Capital Management LLC now owns 6,310 shares of the real estate investment trust’s stock worth $577,000 after purchasing an additional 556 shares in the last quarter. ING Groep NV lifted its stake in Camden Property Trust by 6.2% during the third quarter. ING Groep NV now owns 11,319 shares of the real estate investment trust’s stock worth $1,035,000 after purchasing an additional 658 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Camden Property Trust by 5.4% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,482 shares of the real estate investment trust’s stock worth $1,233,000 after purchasing an additional 691 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. lifted its stake in Camden Property Trust by 4.9% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 14,908 shares of the real estate investment trust’s stock worth $1,363,000 after purchasing an additional 700 shares in the last quarter. Institutional investors own 93.03% of the company’s stock.
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About Camden Property Trust
Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. As of December 31, 2016, the Company owned interests in, operated, or were developing 159 multifamily properties, which consisted of 55,366 apartment homes across the United States.
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