Camden Property Trust (NYSE:CPT) Receives “Sector Perform” Rating from Royal Bank of Canada

Royal Bank of Canada restated their sector perform rating on shares of Camden Property Trust (NYSE:CPT) in a report released on Wednesday morning,Benzinga reports. They currently have a $121.00 price objective on the real estate investment trust’s stock.

Several other equities research analysts also recently weighed in on CPT. Jefferies Financial Group assumed coverage on shares of Camden Property Trust in a report on Friday, October 11th. They issued a “hold” rating and a $123.00 price objective for the company. Scotiabank decreased their price objective on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. Stifel Nicolaus lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating and raised their price objective for the company from $120.00 to $121.00 in a research note on Wednesday, November 13th. Barclays initiated coverage on Camden Property Trust in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $138.00 target price for the company. Finally, StockNews.com cut Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $126.42.

Camden Property Trust Stock Down 1.6 %

Shares of Camden Property Trust stock opened at $110.99 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. Camden Property Trust has a 1-year low of $90.50 and a 1-year high of $127.69. The business’s fifty day moving average price is $117.72 and its two-hundred day moving average price is $118.67. The company has a market capitalization of $11.84 billion, a P/E ratio of 35.12, a PEG ratio of 4.09 and a beta of 0.94.

Camden Property Trust Dividend Announcement

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

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, Director Heather J. Brunner sold 264 shares of Camden Property Trust stock in a transaction that occurred 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 sale, the director now directly owns 10,273 shares in the company, valued at $1,130,646.38. The trade was a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard J. Campo sold 7,324 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $838,598.00. Following the transaction, the chief executive officer now owns 300,135 shares in the company, valued at approximately $34,365,457.50. This trade represents a 2.38 % decrease in their position. 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 90 days. 1.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Camden Property Trust

Several large investors have recently made changes to their positions in CPT. SMART Wealth LLC acquired a new stake in Camden Property Trust in the 3rd quarter worth approximately $829,000. Nordea Investment Management AB lifted its stake in shares of Camden Property Trust by 15.0% in the fourth quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust’s stock worth $11,339,000 after buying an additional 12,805 shares during the last quarter. QRG Capital Management Inc. bought a new stake in shares of Camden Property Trust during the 3rd quarter worth $1,660,000. Franklin Resources Inc. boosted its holdings in shares of Camden Property Trust by 3.2% during the 3rd quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust’s stock worth $23,174,000 after buying an additional 5,985 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Camden Property Trust by 10.5% in the 3rd quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust’s stock valued at $66,563,000 after buying an additional 51,097 shares during the last quarter. 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.