J P Morgan Chase & Co upgraded shares of Camden Property Trust (NYSE:CPT) from a neutral rating to an overweight rating in a research report sent to investors on Friday morning, MarketBeat Ratings reports. J P Morgan Chase & Co currently has $100.00 price target on the real estate investment trust’s stock.

A number of other brokerages have also issued reports on CPT. SunTrust Banks reissued a hold rating and set a $93.00 target price on shares of Camden Property Trust in a research note on Wednesday, October 4th. KeyCorp lifted their target price on shares of Camden Property Trust from $93.00 to $98.00 and gave the company an overweight rating in a research note on Friday, September 15th. Sandler O’Neill raised shares of Camden Property Trust from a hold rating to a buy rating and lifted their target price for the company from $93.00 to $105.00 in a research note on Tuesday, September 5th. Stifel Nicolaus started coverage on shares of Camden Property Trust in a research note on Friday, September 1st. They set a buy rating and a $99.00 target price for the company. Finally, Deutsche Bank lifted their target price on shares of Camden Property Trust from $84.00 to $85.00 and gave the company a hold rating in a research note on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. Camden Property Trust presently has an average rating of Hold and a consensus target price of $93.00.

Shares of Camden Property Trust (CPT) opened at $94.07 on Friday. The stock has a market cap of $8,624.34, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 3.80 and a beta of 0.41. 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 0.64, a quick ratio of 1.94 and a current ratio of 1.94.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, October 26th. The real estate investment trust reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.03). The company had revenue of $228.18 million for the quarter, compared to analyst estimates of $226.41 million. Camden Property Trust had a net margin of 16.81% and a return on equity of 4.71%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the business earned $1.13 EPS. equities research analysts expect that Camden Property Trust will post 4.53 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 17th. Investors of record on Friday, December 15th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Thursday, December 14th. Camden Property Trust’s payout ratio is presently 182.93%.

In related news, President D Keith Oden sold 55,682 shares of Camden Property Trust stock in a transaction on Monday, December 11th. The shares were sold at an average price of $92.27, for a total value of $5,137,778.14. Following the completion of the sale, the president now owns 364,771 shares of the company’s stock, valued at approximately $33,657,420.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Richard J. Campo sold 52,247 shares of Camden Property Trust stock in a transaction on Friday, December 8th. The shares were sold at an average price of $92.27, for a total transaction of $4,820,830.69. Following the completion of the sale, the chairman now directly owns 344,201 shares of the company’s stock, valued at approximately $31,759,426.27. The disclosure for this sale can be found here. In the last ninety days, insiders sold 121,394 shares of company stock valued at $11,201,585. 4.70% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Cohen & Steers Inc. bought a new position in Camden Property Trust in the 3rd quarter worth $193,833,000. Bank of New York Mellon Corp raised its holdings in Camden Property Trust by 93.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,365,047 shares of the real estate investment trust’s stock worth $216,282,000 after acquiring an additional 1,144,162 shares during the period. JPMorgan Chase & Co. raised its holdings in Camden Property Trust by 27.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,636,486 shares of the real estate investment trust’s stock worth $332,848,000 after acquiring an additional 778,543 shares during the period. American Century Companies Inc. bought a new position in Camden Property Trust in the 3rd quarter worth $65,671,000. Finally, Barings LLC bought a new position in Camden Property Trust in the 3rd quarter worth $51,308,000. 97.19% of the stock is owned by institutional investors and hedge funds.

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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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