Trading Report: The Analysts gives Consensus Recommendation of “Hold” to Camden Property Trust (NYSE:CPT)

The Analysts gives Consensus Recommendation of “Hold” to Camden Property Trust (NYSE:CPT)

Shares of Camden Property Trust (NYSE:CPT) have been given a consensus recommendation of “Hold” by the nineteen research firms that are currently covering the company. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $88.20.

A number of analysts recently issued reports on the stock. RBC Capital Markets restated a “buy” rating on shares of Camden Property Trust in a research report on Monday, August 29th. Zacks Investment Research upgraded shares of Camden Property Trust from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research report on Monday, July 18th. Citigroup Inc. raised 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 report on Thursday, August 4th. Barclays PLC raised their target price on shares of Camden Property Trust from $91.00 to $92.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 19th. Finally, BTIG Research assumed coverage on shares of Camden Property Trust in a research report on Thursday, August 25th. They set a “neutral” rating on the stock.

Camden Property Trust (NYSE:CPT) opened at 77.50 on Monday. The firm has a market cap of $6.77 billion, a P/E ratio of 11.97 and a beta of 0.48. The firm has a 50 day moving average of $85.59 and a 200 day moving average of $85.12. Camden Property Trust has a 1-year low of $67.27 and a 1-year high of $90.91.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Wednesday, September 28th. Camden Property Trust’s dividend payout ratio is presently 46.44%.

In other news, EVP William W. Sengelmann sold 5,878 shares of the firm’s stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $85.56, for a total value of $502,921.68. Following the transaction, the executive vice president now owns 78,689 shares of the company’s stock, valued at approximately $6,732,630.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO H Malcolm Stewart sold 11,122 shares of the firm’s stock in a transaction on Thursday, September 8th. The shares were 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 in the company, 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.

A number of large investors have recently added to or reduced their stakes in CPT. CIBC Asset Management Inc raised its stake in 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 worth $280,000 after buying an additional 8 shares during the last quarter. AlphaMark Advisors LLC raised its stake in 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 worth $252,000 after buying an additional 25 shares during the last quarter. Phocas Financial Corp. raised its stake in 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 worth $426,000 after buying an additional 48 shares during the last quarter. AXA raised its stake in Camden Property Trust by 2.4% in the first quarter. AXA now owns 3,086 shares of the real estate investment trust’s stock worth $260,000 after buying an additional 73 shares during the last quarter. Finally, Telos Capital Management Inc. raised its stake in 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 worth $287,000 after buying an additional 85 shares during the last quarter. 96.55% of the stock is owned by institutional investors and hedge funds.

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