Camden Property Trust (NYSE:CPT) has been given an average recommendation of “Buy” by the twenty-two brokerages that are covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $96.13.
CPT has been the topic of a number of recent analyst reports. Barclays reissued a “hold” rating and set a $87.00 price target on shares of Camden Property Trust in a research note on Sunday, October 14th. Citigroup increased their price target on Camden Property Trust from $95.00 to $96.00 and gave the stock a “hold” rating in a research note on Tuesday, October 30th. Wells Fargo & Co set a $99.00 price target on Camden Property Trust and gave the stock a “hold” rating in a research note on Tuesday, November 6th. Janney Montgomery Scott raised Camden Property Trust from a “neutral” rating to a “buy” rating and set a $99.00 price target on the stock in a research note on Wednesday, December 19th. Finally, ValuEngine raised Camden Property Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th.
In other news, CEO Richard J. Campo sold 63,000 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $94.69, for a total transaction of $5,965,470.00. Following the completion of the sale, the chief executive officer now directly owns 230,393 shares in the company, valued at approximately $21,815,913.17. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William F. Paulsen sold 11,344 shares of the company’s stock in a transaction on Friday, December 21st. The stock was sold at an average price of $89.38, for a total value of $1,013,926.72. Following the sale, the director now owns 2,890 shares of the company’s stock, valued at $258,308.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 103,659 shares of company stock valued at $9,758,784. Insiders own 3.90% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. First Hawaiian Bank increased its holdings in Camden Property Trust by 7.6% in the 4th quarter. First Hawaiian Bank now owns 3,271 shares of the real estate investment trust’s stock valued at $288,000 after purchasing an additional 230 shares in the last quarter. Lavaca Capital LLC acquired a new stake in Camden Property Trust in the 4th quarter valued at $27,000. William Blair Investment Management LLC increased its holdings in Camden Property Trust by 6.8% in the 3rd quarter. William Blair Investment Management LLC now owns 9,370 shares of the real estate investment trust’s stock valued at $877,000 after purchasing an additional 594 shares in the last quarter. We Are One Seven LLC acquired a new stake in Camden Property Trust in the 4th quarter valued at $62,000. Finally, State of Alaska Department of Revenue increased its holdings in Camden Property Trust by 2.0% in the 4th quarter. State of Alaska Department of Revenue now owns 38,613 shares of the real estate investment trust’s stock valued at $3,399,000 after purchasing an additional 761 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.
Shares of Camden Property Trust stock traded down $0.06 during trading hours on Friday, reaching $95.95. 329 shares of the company’s stock were exchanged, compared to its average volume of 390,700. Camden Property Trust has a 52-week low of $78.19 and a 52-week high of $96.12. The firm has a market cap of $8.82 billion, a PE ratio of 21.21, a P/E/G ratio of 2.89 and a beta of 0.44. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.66.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 17th. Stockholders of record on Monday, December 17th were issued a dividend of $0.77 per share. The ex-dividend date was Friday, December 14th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.21%. Camden Property Trust’s payout ratio is 67.99%.
About Camden Property Trust
Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 159 properties containing 54,480 apartment homes across the United States.
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