Camden Property Trust (CPT) Receives Average Recommendation of “Hold” from Analysts
Shares of Camden Property Trust (NYSE:CPT) have been assigned a consensus rating of “Hold” from the fifteen research firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $88.46.
A number of equities research analysts recently weighed in on the company. Barclays PLC lifted their target price on Camden Property Trust from $85.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 18th. Royal Bank Of Canada reissued a “buy” rating and set a $91.00 target price on shares of Camden Property Trust in a research report on Sunday, July 16th. BMO Capital Markets raised Camden Property Trust from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $81.00 to $89.00 in a research report on Thursday, May 25th. They noted that the move was a valuation call. BidaskClub raised Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Finally, Evercore ISI raised Camden Property Trust from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $87.00 to $90.00 in a research report on Thursday, May 18th. They noted that the move was a valuation call.
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In other Camden Property Trust news, Director William F. Paulsen sold 2,227 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $87.18, for a total transaction of $194,149.86. Following the completion of the transaction, the director now owns 14,284 shares in the company, valued at $1,245,279.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.70% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Perigon Wealth Management LLC acquired a new position in shares of Camden Property Trust during the first quarter worth approximately $110,000. Assetmark Inc. boosted its position in shares of Camden Property Trust by 478.5% in the first quarter. Assetmark Inc. now owns 1,695 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 1,402 shares in the last quarter. Founders Capital Management acquired a new position in shares of Camden Property Trust during the first quarter worth approximately $140,000. Mn Services Vermogensbeheer B.V. boosted its position in shares of Camden Property Trust by 5.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,333 shares of the real estate investment trust’s stock worth $176,000 after buying an additional 120 shares in the last quarter. Finally, Laurion Capital Management LP acquired a new position in shares of Camden Property Trust during the first quarter worth approximately $201,000. Hedge funds and other institutional investors own 91.90% of the company’s stock.
Shares of Camden Property Trust (CPT) traded down 0.63% during mid-day trading on Monday, reaching $88.54. The company’s stock had a trading volume of 164,583 shares. The stock has a market capitalization of $7.76 billion, a P/E ratio of 9.88 and a beta of 0.37. The company has a 50 day moving average price of $86.59 and a 200 day moving average price of $83.34. Camden Property Trust has a 12 month low of $75.36 and a 12 month high of $90.83.
Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, May 4th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by $0.01. The business had revenue of $219.50 million during the quarter, compared to analyst estimates of $218.19 million. Camden Property Trust had a net margin of 92.55% and a return on equity of 13.94%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.20 earnings per share. On average, equities research analysts anticipate that Camden Property Trust will post $1.83 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date was Wednesday, June 28th. Camden Property Trust’s dividend payout ratio is 33.48%.
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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