Camden Property Trust (CPT) Given a $81.00 Price Target by Mizuho Analysts
CPT has been the subject of a number of other reports. JPMorgan Chase & Co. raised Camden Property Trust from a neutral rating to an overweight rating and set a $100.00 target price for the company in a research note on Friday, December 15th. TheStreet downgraded Camden Property Trust from a b rating to a c+ rating in a research note on Thursday, January 18th. Sandler O’Neill set a $97.00 target price on Camden Property Trust and gave the stock a buy rating in a research note on Tuesday, February 6th. Robert W. Baird reaffirmed a hold rating and issued a $93.00 target price on shares of Camden Property Trust in a research note on Tuesday, January 9th. Finally, Zacks Investment Research downgraded Camden Property Trust from a hold rating to a sell rating in a research note on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $91.60.
Camden Property Trust (CPT) opened at $80.75 on Friday. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $7,840.42, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 3.13 and a beta of 0.34. Camden Property Trust has a fifty-two week low of $78.38 and a fifty-two week high of $96.39.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Friday, March 30th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.81%. This is an increase from Camden Property Trust’s previous quarterly dividend of $0.75. The ex-dividend date is Wednesday, March 28th. Camden Property Trust’s dividend payout ratio (DPR) is presently 142.86%.
In related news, Chairman Richard J. Campo sold 379 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $94.44, for a total transaction of $35,792.76. Following the completion of the sale, the chairman now directly 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William W. Sengelmann sold 4,478 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $88.42, for a total value of $395,944.76. Following the sale, the executive vice president now directly owns 66,567 shares of the company’s stock, valued at $5,885,854.14. The disclosure for this sale can be found here. Insiders have sold a total of 126,297 shares of company stock valued at $11,635,108 over the last three months. Corporate insiders own 4.70% of the company’s stock.
Large investors have recently modified their holdings of the stock. Penserra Capital Management LLC acquired a new stake in shares of Camden Property Trust during the 3rd quarter worth about $110,000. Victory Capital Management Inc. increased its position in shares of Camden Property Trust by 285.0% during the 4th quarter. Victory Capital Management Inc. now owns 1,386 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 1,026 shares during the last quarter. Perigon Wealth Management LLC increased its position in shares of Camden Property Trust by 59.3% during the 2nd quarter. Perigon Wealth Management LLC now owns 2,150 shares of the real estate investment trust’s stock worth $185,000 after purchasing an additional 800 shares during the last quarter. FDx Advisors Inc. acquired a new stake in shares of Camden Property Trust during the 4th quarter worth about $202,000. Finally, Global X Management Co. LLC increased its position in shares of Camden Property Trust by 45.3% during the 4th quarter. Global X Management Co. LLC now owns 2,309 shares of the real estate investment trust’s stock worth $213,000 after purchasing an additional 720 shares during the last quarter. 93.03% 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. 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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