Research Analysts’ Weekly Ratings Updates for Camden Property Trust (CPT)

Camden Property Trust (NYSE: CPT) recently received a number of ratings updates from brokerages and research firms:

  • 2/9/2018 – Camden Property Trust was given a new $81.00 price target on by analysts at Mizuho. They now have a “hold” rating on the stock.
  • 2/6/2018 – Camden Property Trust was given a new $97.00 price target on by analysts at Sandler O’Neill. They now have a “buy” rating on the stock.
  • 2/5/2018 – Camden Property Trust had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $94.00 price target on the stock.
  • 1/24/2018 – Camden Property Trust was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “CAMDEN PROPERTY TRUST is a self-administered and self-managed real estate investment trust that is engaged in the ownership, development, acquisition, management, marketing and disposition of multi-family apartment communities in the Southwest and Mountain regions of the United States. “
  • 1/24/2018 – Camden Property Trust was given a new $96.00 price target on by analysts at BMO Capital Markets. They now have a “buy” rating on the stock.
  • 1/22/2018 – Camden Property Trust was given a new $89.00 price target on by analysts at SunTrust Banks, Inc.. They now have a “hold” rating on the stock.
  • 1/18/2018 – Camden Property Trust was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
  • 1/10/2018 – Camden Property Trust was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “CAMDEN PROPERTY TRUST is a self-administered and self-managed real estate investment trust that is engaged in the ownership, development, acquisition, management, marketing and disposition of multi-family apartment communities in the Southwest and Mountain regions of the United States. “
  • 1/9/2018 – Camden Property Trust had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $93.00 price target on the stock.
  • 12/15/2017 – Camden Property Trust was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $100.00 price target on the stock.

Shares of Camden Property Trust (NYSE:CPT) traded down $1.43 during trading hours on Monday, reaching $79.32. The company’s stock had a trading volume of 113,806 shares, compared to its average volume of 580,267. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.63. The stock has a market cap of $7,840.42, a PE ratio of 37.77, a P/E/G ratio of 3.13 and a beta of 0.34. Camden Property Trust has a 12 month low of $78.38 and a 12 month high of $96.39.

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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.18 by ($0.27). Camden Property Trust had a net margin of 21.80% and a return on equity of 6.01%. The company had revenue of $229.80 million during the quarter, compared to analysts’ expectations of $228.99 million. During the same quarter in the previous year, the company earned $1.15 earnings per share. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. analysts predict that Camden Property Trust will post 4.76 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 17th. Stockholders of record on Friday, March 30th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.88%. The ex-dividend date is Wednesday, March 28th. This is a positive change from Camden Property Trust’s previous quarterly dividend of $0.75. Camden Property Trust’s dividend payout ratio is 142.86%.

In other news, Chairman Richard J. Campo sold 379 shares of the company’s stock in a transaction 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 owns 338,519 shares of the company’s stock, valued at approximately $31,969,734.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President D Keith Oden sold 55,682 shares of the company’s stock in a transaction 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 directly owns 364,771 shares in the company, valued at approximately $33,657,420.17. The disclosure for this sale can be found here. In the last ninety days, insiders sold 126,297 shares of company stock worth $11,635,108. Corporate insiders own 4.70% of the company’s stock.

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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