Camden Property Trust (NYSE:CPT)’s share price fell 7.1% on Wednesday . The company traded as low as $81.17 and last traded at $81.51, with a volume of 502,359 shares. The stock had previously closed at $87.70.

A number of brokerages have weighed in on CPT. RBC Capital Markets reaffirmed a “buy” rating on shares of Camden Property Trust in a research note on Monday, August 29th. BTIG Research began coverage on shares of Camden Property Trust in a research note on Thursday, August 25th. They issued a “neutral” rating for the company. Barclays PLC boosted their target price on shares of Camden Property Trust from $92.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, August 12th. Robert W. Baird downgraded shares of Camden Property Trust from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $83.00 to $88.00 in a research note on Wednesday, August 10th. Finally, Citigroup Inc. boosted their target price on shares of Camden Property Trust from $87.00 to $88.00 and gave the stock a “neutral” rating in a research note on Thursday, August 4th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $87.85.

The stock’s 50-day moving average price is $86.95 and its 200 day moving average price is $84.89. The stock has a market capitalization of $7.35 billion, a PE ratio of 12.99 and a beta of 0.65.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.57%. Camden Property Trust’s dividend payout ratio (DPR) is currently 46.44%.

In other news, Chairman Richard J. Campo sold 22,318 shares of the stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $88.33, for a total value of $1,971,348.94. Following the completion of the transaction, the chairman now owns 410,649 shares of the company’s stock, valued at $36,272,626.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO H Malcolm Stewart sold 11,122 shares of the stock in a transaction dated 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 transaction, the chief operating officer now directly owns 252,526 shares of the company’s stock, valued at approximately $22,633,905.38. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of CPT. Mason Street Advisors LLC bought a new position in Camden Property Trust during the second quarter worth approximately $3,508,000. Cohen & Steers Inc. raised its position in shares of Camden Property Trust by 1,532.7% in the second quarter. Cohen & Steers Inc. now owns 4,557,918 shares of the real estate investment trust’s stock worth $403,011,000 after buying an additional 4,278,755 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Camden Property Trust by 11.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 604,405 shares of the real estate investment trust’s stock worth $53,442,000 after buying an additional 62,561 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Camden Property Trust by 11.5% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 26,404 shares of the real estate investment trust’s stock worth $2,335,000 after buying an additional 2,725 shares during the period. Finally, Amalgamated Bank raised its position in shares of Camden Property Trust by 10.8% in the second quarter. Amalgamated Bank now owns 11,631 shares of the real estate investment trust’s stock worth $1,000,000 after buying an additional 1,132 shares during the period. 96.55% of the stock is owned by hedge funds and other institutional investors.

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

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