Camden Property Trust (NYSE:CPT) has been assigned an average recommendation of “Hold” from the eighteen analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $91.27.

Several research analysts have commented on the stock. BMO Capital Markets set a $94.00 price target on shares of Camden Property Trust and gave the stock a “buy” rating in a research note on Monday. Mizuho set a $81.00 price target on shares of Camden Property Trust and gave the stock a “hold” rating in a research note on Friday, February 9th. Sandler O’Neill set a $97.00 target price on shares of Camden Property Trust and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Zacks Investment Research downgraded shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $94.00 target price on shares of Camden Property Trust in a research note on Monday, February 5th.

In related news, EVP William W. Sengelmann sold 4,478 shares of Camden Property Trust stock in a transaction on Friday, January 5th. The shares were sold at an average price of $88.42, for a total value of $395,944.76. Following the sale, the executive vice president now owns 66,567 shares in the company, valued at $5,885,854.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Richard J. Campo sold 379 shares of Camden Property Trust stock in a transaction on Thursday, November 16th. The shares were 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 owns 338,519 shares in the company, valued at approximately $31,969,734.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 126,297 shares of company stock worth $11,635,108. 4.70% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. PGGM Investments boosted its holdings in Camden Property Trust by 2.0% in the third quarter. PGGM Investments now owns 816,511 shares of the real estate investment trust’s stock valued at $74,670,000 after acquiring an additional 16,000 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of Camden Property Trust by 5.9% during the 3rd quarter. Mutual of America Capital Management LLC now owns 81,383 shares of the real estate investment trust’s stock valued at $7,442,000 after buying an additional 4,539 shares in the last quarter. Retirement Systems of Alabama boosted its holdings in shares of Camden Property Trust by 79.4% during the 3rd quarter. Retirement Systems of Alabama now owns 202,680 shares of the real estate investment trust’s stock valued at $18,535,000 after buying an additional 89,696 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Camden Property Trust by 13.2% during the 3rd quarter. Macquarie Group Ltd. now owns 174,782 shares of the real estate investment trust’s stock valued at $15,984,000 after buying an additional 20,340 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Camden Property Trust by 4.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 144,505 shares of the real estate investment trust’s stock valued at $13,215,000 after buying an additional 6,756 shares in the last quarter. Institutional investors and hedge funds own 93.03% of the company’s stock.

Camden Property Trust (NYSE:CPT) traded down $0.97 during mid-day trading on Friday, hitting $80.89. 627,524 shares of the company’s stock traded hands, compared to its average volume of 607,965. The stock has a market capitalization of $7,883.14, a P/E ratio of 38.98, a PEG ratio of 3.15 and a beta of 0.34. Camden Property Trust has a 52-week low of $78.38 and a 52-week high of $96.39. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.24 and a quick ratio of 1.94.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, February 1st. The real estate investment trust reported $0.91 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.27). The business had revenue of $229.80 million for the quarter, compared to analysts’ expectations of $228.99 million. Camden Property Trust had a return on equity of 6.01% and a net margin of 21.80%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business posted $1.15 earnings per share. equities analysts forecast that Camden Property Trust will post 4.76 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Friday, March 30th will be issued a $0.77 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $3.08 annualized dividend and a yield of 3.81%. This is a boost from Camden Property Trust’s previous quarterly dividend of $0.75. Camden Property Trust’s payout ratio is 142.86%.

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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.

Analyst Recommendations for Camden Property Trust (NYSE:CPT)

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