Camden Property Trust (NYSE:CPT)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $89.82 and last traded at $89.73, with a volume of 238,051 shares changing hands. The stock had previously closed at $88.81.

Several equities analysts have recently commented on CPT shares. Zelman & Associates cut shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, May 10th. Sandler O’Neill lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating in a report on Thursday, March 31st. Zacks Investment Research lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, May 18th. Royal Bank Of Canada lifted their price target on shares of Camden Property Trust from $87.00 to $91.00 and gave the company an “outperform” rating in a report on Monday, May 2nd. Finally, Citigroup Inc. lowered shares of Camden Property Trust from a “buy” rating to a “neutral” rating in a report on Monday, May 9th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. Camden Property Trust presently has an average rating of “Hold” and an average target price of $86.00.

The stock has a market cap of $7.83 billion and a PE ratio of 46.41. The stock has a 50-day moving average price of $84.29 and a 200 day moving average price of $80.03.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Friday, April 29th. The real estate investment trust reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. The company earned $217.59 million during the quarter, compared to analysts’ expectations of $231.63 million. During the same period in the prior year, the business earned $1.08 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Analysts forecast that Camden Property Trust will post $4.57 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 18th. Investors of record on Thursday, June 30th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Tuesday, June 28th.

In related news, Director Lewis A. Levey sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 4th. The shares were sold at an average price of $83.02, for a total value of $830,200.00. Following the sale, the director now directly owns 8,615 shares of the company’s stock, valued at $715,217.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William W. Sengelmann sold 2,398 shares of the firm’s stock in a transaction that occurred on Friday, June 24th. The shares were sold at an average price of $84.50, for a total transaction of $202,631.00. The disclosure for this sale can be found here.

A number of large investors recently made changes to their positions in the stock. Profund Advisors LLC increased its stake in shares of Camden Property Trust by 27.4% in the fourth quarter. Profund Advisors LLC now owns 14,799 shares of the real estate investment trust’s stock worth $1,136,000 after buying an additional 3,185 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Camden Property Trust by 14.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 19,181 shares of the real estate investment trust’s stock worth $1,473,000 after buying an additional 2,447 shares in the last quarter. GSA Capital Partners LLP increased its stake in shares of Camden Property Trust by 240.7% in the fourth quarter. GSA Capital Partners LLP now owns 21,122 shares of the real estate investment trust’s stock worth $1,621,000 after buying an additional 14,922 shares in the last quarter. Chicago Equity Partners LLC increased its stake in shares of Camden Property Trust by 0.6% in the fourth quarter. Chicago Equity Partners LLC now owns 21,680 shares of the real estate investment trust’s stock worth $1,664,000 after buying an additional 120 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC increased its stake in shares of Camden Property Trust by 3.3% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 21,700 shares of the real estate investment trust’s stock worth $1,666,000 after buying an additional 700 shares in the last quarter.

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. The Company operates in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities segment.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.