Shares of Camden Property Trust (NYSE:CPT) have received an average recommendation of “Hold” from the eighteen research firms that are currently covering the firm. Two research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $86.30.

A number of equities research analysts have recently commented on the stock. Goldman Sachs Group Inc upgraded shares of Camden Property Trust from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $84.00 to $94.00 in a report on Friday, March 10th. Barclays PLC reiterated a “hold” rating and set a $84.00 price target on shares of Camden Property Trust in a report on Friday, February 17th. BMO Capital Markets reiterated a “hold” rating and set a $81.00 price target on shares of Camden Property Trust in a report on Friday, February 17th. Zacks Investment Research downgraded shares of Camden Property Trust from a “hold” rating to a “sell” rating in a report on Thursday, February 16th. Finally, Mitsubishi UFJ Financial Group upgraded shares of Camden Property Trust from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $72.00 to $80.00 in a report on Thursday, January 5th.

In related news, Director Lewis A. Levey sold 2,931 shares of the business’s stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $85.46, for a total value of $250,483.26. Following the completion of the sale, the director now directly owns 9,721 shares in the company, valued at $830,756.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP William W. Sengelmann sold 16,118 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $84.79, for a total transaction of $1,366,645.22. Following the completion of the sale, the executive vice president now owns 72,294 shares of the company’s stock, valued at $6,129,808.26. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,589 shares of company stock valued at $1,748,367. 5.00% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in CPT. Linscomb & Williams Inc. increased its stake in Camden Property Trust by 0.7% in the fourth quarter. Linscomb & Williams Inc. now owns 4,652 shares of the real estate investment trust’s stock worth $391,000 after buying an additional 31 shares during the last quarter. Intrust Bank NA increased its stake in Camden Property Trust by 1.0% in the third quarter. Intrust Bank NA now owns 5,504 shares of the real estate investment trust’s stock valued at $461,000 after buying an additional 53 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in Camden Property Trust by 2.8% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 2,213 shares of the real estate investment trust’s stock valued at $185,000 after buying an additional 61 shares in the last quarter. First Citizens Bank & Trust Co. increased its stake in Camden Property Trust by 1.4% in the third quarter. First Citizens Bank & Trust Co. now owns 4,727 shares of the real estate investment trust’s stock valued at $396,000 after buying an additional 63 shares in the last quarter. Finally, Creative Planning increased its stake in Camden Property Trust by 2.8% in the third quarter. Creative Planning now owns 2,584 shares of the real estate investment trust’s stock valued at $216,000 after buying an additional 71 shares in the last quarter.

Shares of Camden Property Trust (NYSE:CPT) opened at 81.15 on Thursday. The firm has a market capitalization of $7.10 billion, a price-to-earnings ratio of 8.97 and a beta of 0.39. The firm’s 50-day moving average is $82.18 and its 200-day moving average is $81.83. Camden Property Trust has a 12-month low of $75.36 and a 12-month high of $90.91.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Tuesday, February 7th. The real estate investment trust reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.01. The business earned $217.14 million during the quarter, compared to the consensus estimate of $218.54 million. Camden Property Trust had a net margin of 93.54% and a return on equity of 14.23%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.20 earnings per share. Equities research analysts forecast that Camden Property Trust will post $1.83 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Friday, March 31st will be issued a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a $3.00 dividend on an annualized basis and a yield of 3.70%. Camden Property Trust’s payout ratio is 33.19%.

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Camden Property Trust Company Profile

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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