Shares of Camden Property Trust (NYSE:CPT) have been assigned a consensus recommendation of “Hold” from the seventeen brokerages that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $93.67.
Several research analysts have weighed in on CPT shares. SunTrust Banks restated a “hold” rating and set a $93.00 target price on shares of Camden Property Trust in a research report on Wednesday, October 4th. Mizuho restated a “hold” rating and set a $94.00 target price on shares of Camden Property Trust in a research report on Monday, November 6th. BMO Capital Markets restated a “buy” rating and set a $97.00 target price on shares of Camden Property Trust in a research report on Monday, November 27th. Robert W. Baird restated a “neutral” rating and set a $96.00 target price (up from $92.00) on shares of Camden Property Trust in a research report on Friday, September 22nd. Finally, Zacks Investment Research lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th.
In other news, Chairman Richard J. Campo sold 379 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $94.44, for a total value of $35,792.76. Following the sale, the chairman now directly owns 338,519 shares in the company, valued at $31,969,734.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William W. Sengelmann sold 4,478 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 66,567 shares in the company, valued at $5,885,854.14. The disclosure for this sale can be found here. Insiders sold 126,297 shares of company stock worth $11,635,108 over the last quarter. Company insiders own 4.70% of the company’s stock.
Camden Property Trust (NYSE CPT) traded down $0.79 during midday trading on Monday, reaching $84.71. 444,087 shares of the company traded hands, compared to its average volume of 503,242. The stock has a market capitalization of $7,924.65, a PE ratio of 51.65, a P/E/G ratio of 3.31 and a beta of 0.42. Camden Property Trust has a 52-week low of $78.38 and a 52-week high of $96.39. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.64.
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 for the quarter, missing the consensus estimate of $1.14 by ($0.03). Camden Property Trust had a return on equity of 4.71% and a net margin of 16.81%. The company had revenue of $228.18 million for the quarter, compared to analyst estimates of $226.41 million. During the same quarter in the previous year, the company posted $1.13 earnings per share. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. equities research analysts predict that Camden Property Trust will post 4.53 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 17th. Stockholders of record on Friday, December 15th were given a $0.75 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $3.00 annualized dividend and a dividend yield of 3.54%. Camden Property Trust’s dividend payout ratio is presently 182.93%.
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.
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