Mizuho Cuts Camden Property Trust (NYSE:CPT) Price Target to $125.00

Camden Property Trust (NYSE:CPT) had its price target lowered by Mizuho from $129.00 to $125.00 in a research report released on Monday,Benzinga reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

Several other research firms have also recently commented on CPT. Deutsche Bank Aktiengesellschaft raised their target price on Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Barclays started coverage on shares of Camden Property Trust in a research report on Tuesday, December 17th. They set an “overweight” rating and a $138.00 target price on the stock. Royal Bank of Canada reduced their price target on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a report on Monday, November 4th. Jefferies Financial Group assumed coverage on shares of Camden Property Trust in a report on Friday, October 11th. They set a “hold” rating and a $123.00 price objective on the stock. Finally, Stifel Nicolaus downgraded Camden Property Trust from a “buy” rating to a “hold” rating and raised their target price for the company from $120.00 to $121.00 in a research note on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $126.75.

Camden Property Trust Stock Performance

Shares of CPT opened at $111.05 on Monday. 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 firm’s fifty day simple moving average is $119.22 and its two-hundred day simple moving average is $118.52. Camden Property Trust has a 12 month low of $90.50 and a 12 month high of $127.69. The stock has a market capitalization of $11.85 billion, a P/E ratio of 35.14, a price-to-earnings-growth ratio of 4.40 and a beta of 0.94.

Camden Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Wednesday, December 18th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend is Wednesday, December 18th. Camden Property Trust’s payout ratio is currently 130.38%.

Insider Buying and Selling

In related news, CEO Richard J. Campo sold 1,043 shares of Camden Property Trust stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $114,792.58. Following the sale, the chief executive officer now directly owns 299,092 shares in the company, valued at approximately $32,918,065.52. This trade represents a 0.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Heather J. Brunner sold 264 shares of the company’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $29,055.84. Following the completion of the transaction, the director now owns 10,273 shares of the company’s stock, valued at $1,130,646.38. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,413 shares of company stock worth $2,895,718. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Camden Property Trust

Hedge funds have recently made changes to their positions in the business. Federated Hermes Inc. bought a new stake in Camden Property Trust in the second quarter worth about $33,000. Neo Ivy Capital Management purchased a new position in Camden Property Trust in the third quarter valued at approximately $38,000. American Capital Advisory LLC grew its holdings in Camden Property Trust by 42.7% during the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 128 shares during the period. Sentry Investment Management LLC purchased a new stake in Camden Property Trust in the third quarter worth $62,000. Finally, Versant Capital Management Inc raised its stake in shares of Camden Property Trust by 77.7% in the fourth quarter. Versant Capital Management Inc now owns 716 shares of the real estate investment trust’s stock valued at $83,000 after buying an additional 313 shares during the period. 97.22% of the stock is currently owned by institutional investors.

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.