Camden Property Trust (NYSE:CPT) Price Target Raised to $135.00 at Scotiabank

Camden Property Trust (NYSE:CPT) had its target price hoisted by Scotiabank from $130.00 to $135.00 in a research note published on Friday morning,Benzinga reports. The firm currently has a sector perform rating on the real estate investment trust’s stock.

Other equities research analysts have also issued research reports about the company. StockNews.com raised Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Wednesday. Evercore ISI boosted their target price on Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. Stifel Nicolaus boosted their target price on Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a research note on Friday, February 7th. Wells Fargo & Company lowered their target price on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Finally, Royal Bank of Canada boosted their target price on Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $126.31.

Camden Property Trust Price Performance

CPT opened at $119.11 on Friday. The stock has a 50-day moving average price of $115.19 and a 200-day moving average price of $119.12. Camden Property Trust has a 12-month low of $92.26 and a 12-month high of $127.69. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $12.71 billion, a P/E ratio of 79.41, a PEG ratio of 4.27 and a beta of 0.94.

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 analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.32% and a net margin of 10.58%. Equities analysts predict that Camden Property Trust will post 6.8 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be given a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.20 annualized dividend and a dividend yield of 3.53%. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s dividend payout ratio is currently 274.67%.

Insider Transactions at Camden Property Trust

In related news, Director Heather J. Brunner sold 264 shares of the company’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 sale, the director now owns 10,273 shares in the company, valued at $1,130,646.38. This represents a 2.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Alexander J. Jessett sold 13,067 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $1,496,171.50. Following the completion of the sale, the chief financial officer now owns 124,246 shares in the company, valued at $14,226,167. The trade was a 9.52 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,413 shares of company stock valued at $2,895,718. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Camden Property Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. National Pension Service purchased a new stake in Camden Property Trust during the 4th quarter valued at $26,000. UMB Bank n.a. boosted its stake in Camden Property Trust by 76.6% during the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 98 shares during the last quarter. Quent Capital LLC boosted its stake in Camden Property Trust by 87.0% during the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 114 shares during the last quarter. IAG Wealth Partners LLC purchased a new stake in Camden Property Trust during the 4th quarter valued at $29,000. Finally, Bellwether Advisors LLC purchased a new stake in Camden Property Trust during the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Company Profile

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.