Camden Property Trust (NYSE:CPT)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $87.32, but opened at $87.41. Camden Property Trust shares last traded at $88.04, with a volume of 322,017 shares changing hands.

A number of equities analysts have recently issued reports on CPT shares. Barclays PLC increased their price objective on shares of Camden Property Trust from $92.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, August 12th. Zacks Investment Research cut shares of Camden Property Trust from a “buy” rating to a “hold” rating in a research report on Friday, July 22nd. SunTrust Banks Inc. cut shares of Camden Property Trust from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $87.00 to $84.00 in a research report on Thursday, June 2nd. They noted that the move was a valuation call. Zelman & Associates cut shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, June 22nd. Finally, Deutsche Bank AG restated a “hold” rating and issued a $84.00 price objective (up previously from $83.00) on shares of Camden Property Trust in a research report on Monday, July 18th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $87.85.

The company has a market capitalization of $7.67 billion, a PE ratio of 13.54 and a beta of 0.65. The company has a 50-day moving average price of $86.95 and a 200-day moving average price of $84.89.

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Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $1.15 EPS for the quarter, meeting analysts’ consensus estimates of $1.15. The business earned $221.50 million during the quarter, compared to analyst estimates of $220.32 million. Camden Property Trust had a return on equity of 6.89% and a net margin of 65.37%. Camden Property Trust’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.12 EPS. Equities analysts predict that Camden Property Trust will post $4.55 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Wednesday, September 28th. Camden Property Trust’s payout ratio is currently 46.44%.

In other news, COO H Malcolm Stewart sold 11,122 shares of the firm’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $89.63, for a total transaction of $996,864.86. Following the completion of the sale, the chief operating officer now directly owns 252,526 shares of the company’s stock, valued at approximately $22,633,905.38. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP William W. Sengelmann sold 2,398 shares of the firm’s stock in a transaction on Friday, June 24th. The shares were sold at an average price of $84.50, for a total value of $202,631.00. The disclosure for this sale can be found here. 5.00% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in CPT. CIBC Asset Management Inc raised its stake in shares of Camden Property Trust by 0.3% in the second quarter. CIBC Asset Management Inc now owns 3,164 shares of the real estate investment trust’s stock valued at $280,000 after buying an additional 8 shares in the last quarter. AlphaMark Advisors LLC raised its stake in shares of Camden Property Trust by 0.9% in the second quarter. AlphaMark Advisors LLC now owns 2,850 shares of the real estate investment trust’s stock valued at $252,000 after buying an additional 25 shares in the last quarter. Phocas Financial Corp. raised its stake in shares of Camden Property Trust by 1.0% in the first quarter. Phocas Financial Corp. now owns 5,066 shares of the real estate investment trust’s stock valued at $426,000 after buying an additional 48 shares in the last quarter. AXA raised its stake in shares of Camden Property Trust by 2.4% in the first quarter. AXA now owns 3,086 shares of the real estate investment trust’s stock valued at $260,000 after buying an additional 73 shares in the last quarter. Finally, Telos Capital Management Inc. raised its stake in shares of Camden Property Trust by 2.7% in the second quarter. Telos Capital Management Inc. now owns 3,248 shares of the real estate investment trust’s stock valued at $287,000 after buying an additional 85 shares in the last quarter. 96.55% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Company Profile

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. The Company operates in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities segment.

5 Day Chart for NYSE:CPT

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