Camden Property Trust (NYSE:CPT) Downgraded to “Sell” Rating by StockNews.com

StockNews.com downgraded shares of Camden Property Trust (NYSE:CPT) from a hold rating to a sell rating in a report published on Thursday.

CPT has been the subject of several other research reports. Evercore ISI boosted their price objective on Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. Mizuho dropped their price target on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada increased their price objective on Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a research report on Monday, February 10th. Scotiabank boosted their target price on shares of Camden Property Trust from $130.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Friday, February 14th. Finally, Wells Fargo & Company reduced their price target on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $126.53.

Camden Property Trust Stock Up 1.6 %

Shares of CPT stock opened at $120.86 on Thursday. The company has a market capitalization of $12.89 billion, a price-to-earnings ratio of 80.57, a PEG ratio of 4.36 and a beta of 0.94. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. The stock’s 50 day simple moving average is $115.03 and its 200 day simple moving average is $119.27. Camden Property Trust has a twelve month low of $92.26 and a twelve month high of $127.69.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. As a group, research analysts predict that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a $1.05 dividend. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.20 annualized dividend and a yield of 3.48%. Camden Property Trust’s payout ratio is currently 274.67%.

Insider Buying and Selling at Camden Property Trust

In other news, Director Heather J. Brunner sold 264 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $29,055.84. Following the transaction, the director now directly owns 10,273 shares of the company’s stock, valued at $1,130,646.38. The trade was a 2.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Alexander J. Jessett sold 13,067 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $1,496,171.50. Following the sale, the chief financial officer now directly owns 124,246 shares of the company’s stock, valued at $14,226,167. This represents a 9.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,413 shares of company stock worth $2,895,718 over the last three months. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Camden Property Trust

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Camden Property Trust by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 17,250,406 shares of the real estate investment trust’s stock worth $2,001,737,000 after purchasing an additional 125,287 shares during the last quarter. State Street Corp lifted its stake in shares of Camden Property Trust by 0.5% during the third quarter. State Street Corp now owns 7,118,930 shares of the real estate investment trust’s stock valued at $886,693,000 after acquiring an additional 36,528 shares during the period. Victory Capital Management Inc. boosted its holdings in Camden Property Trust by 6.7% in the fourth quarter. Victory Capital Management Inc. now owns 4,400,846 shares of the real estate investment trust’s stock valued at $510,674,000 after acquiring an additional 277,117 shares during the last quarter. FMR LLC increased its position in Camden Property Trust by 14.5% in the third quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust’s stock worth $407,324,000 after purchasing an additional 416,701 shares during the period. Finally, Invesco Ltd. increased its position in Camden Property Trust by 17.3% in the fourth quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust’s stock worth $344,432,000 after purchasing an additional 438,685 shares during the period. Institutional investors own 97.22% of the company’s stock.

About Camden Property Trust

Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,250 apartment homes across the United States.