UBS upgraded shares of Camden Property Trust (NYSE:CPT) from a sell rating to a neutral rating in a research note published on Monday morning, 247wallst.com reports. The brokerage currently has $84.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $78.69.

Several other research firms also recently commented on CPT. Robert W. Baird reaffirmed a hold rating and issued a $88.00 price objective on shares of Camden Property Trust in a report on Friday, March 2nd. BMO Capital Markets set a $96.00 price objective on shares of Camden Property Trust and gave the company a buy rating in a report on Wednesday, January 24th. Zacks Investment Research raised shares of Camden Property Trust from a sell rating to a hold rating in a report on Wednesday, January 24th. SunTrust Banks set a $89.00 price objective on shares of Camden Property Trust and gave the company a hold rating in a report on Monday, January 22nd. Finally, Royal Bank of Canada reaffirmed a buy rating and issued a $92.00 price objective on shares of Camden Property Trust in a report on Monday, February 12th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $90.64.

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Shares of Camden Property Trust stock opened at $82.99 on Monday. The company has a market cap of $7,831.19, a price-to-earnings ratio of 39.91, a PEG ratio of 2.92 and a beta of 0.41. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.63. Camden Property Trust has a twelve month low of $78.19 and a twelve month high of $96.39.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $228.99 million. Camden Property Trust had a net margin of 21.80% and a return on equity of 6.01%. The firm’s revenue was up 5.8% on a year-over-year basis. During the same period last year, the company earned $1.15 earnings per share. sell-side analysts predict that Camden Property Trust will post 4.72 earnings per share for the current fiscal year.

The company 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 dividend of $0.77 per share. The ex-dividend date is Wednesday, March 28th. This is an increase from Camden Property Trust’s previous quarterly dividend of $0.75. This represents a $3.08 dividend on an annualized basis and a yield of 3.71%. Camden Property Trust’s dividend payout ratio is 142.86%.

In other Camden Property Trust news, EVP William W. Sengelmann sold 4,478 shares of the company’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $88.42, for a total transaction of $395,944.76. Following the completion of the transaction, the executive vice president now directly owns 66,567 shares in the company, valued at $5,885,854.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kelvin R. Westbrook sold 425 shares of the company’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $88.42, for a total transaction of $37,578.50. Following the transaction, the director now owns 20,477 shares of the company’s stock, valued at $1,810,576.34. The disclosure for this sale can be found here. Corporate insiders own 4.70% of the company’s stock.

Large investors have recently bought and sold shares of the business. Victory Capital Management Inc. raised its position in Camden Property Trust by 285.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,386 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 1,026 shares during the period. FDx Advisors Inc. acquired a new position in Camden Property Trust during the fourth quarter worth $202,000. Global X Management Co. LLC raised its position in Camden Property Trust by 45.3% during the fourth quarter. Global X Management Co. LLC now owns 2,309 shares of the real estate investment trust’s stock worth $213,000 after acquiring an additional 720 shares during the period. Creative Planning acquired a new position in Camden Property Trust during the fourth quarter worth $308,000. Finally, Ellington Management Group LLC acquired a new position in Camden Property Trust during the fourth quarter worth $341,000. Institutional investors own 97.37% of the company’s stock.

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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.

Analyst Recommendations for Camden Property Trust (NYSE:CPT)

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