UBS AG restated their sell rating on shares of Camden Property Trust (NYSE:CPT) in a report released on Thursday, www.flashratings.com reports. The firm currently has a $86.00 target price on the real estate investment trust’s stock, up from their prior target price of $80.00.

Several other research analysts have also recently issued reports on CPT. Evercore ISI raised shares of Camden Property Trust from an in-line rating to an outperform rating and raised their target price for the stock from $87.00 to $90.00 in a report on Thursday, May 18th. They noted that the move was a valuation call. BMO Capital Markets raised shares of Camden Property Trust from a market perform rating to an outperform rating and raised their target price for the stock from $81.00 to $89.00 in a report on Thursday, May 25th. They noted that the move was a valuation call. KeyCorp raised shares of Camden Property Trust from a sector weight rating to an overweight rating and set a $93.00 target price for the company in a report on Tuesday, June 13th. They noted that the move was a valuation call. BidaskClub raised shares of Camden Property Trust from a sell rating to a hold rating in a report on Wednesday, June 14th. Finally, Royal Bank Of Canada reissued a buy rating and set a $91.00 target price on shares of Camden Property Trust in a report on Sunday, July 16th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. Camden Property Trust currently has a consensus rating of Hold and a consensus target price of $91.07.

Shares of Camden Property Trust (NYSE:CPT) opened at 94.20 on Thursday. The stock has a market capitalization of $8.26 billion, a price-to-earnings ratio of 21.07 and a beta of 0.38. Camden Property Trust has a 1-year low of $75.36 and a 1-year high of $96.39. The stock has a 50 day moving average price of $90.69 and a 200 day moving average price of $85.43.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, July 27th. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.02. Camden Property Trust had a net margin of 46.10% and a return on equity of 13.17%. The firm had revenue of $222.40 million during the quarter, compared to analysts’ expectations of $222.44 million. During the same quarter last year, the company posted $1.15 earnings per share. The firm’s revenue was up .4% compared to the same quarter last year. Equities research analysts anticipate that Camden Property Trust will post $1.71 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Friday, September 29th will be issued a $0.75 dividend. The ex-dividend date is Thursday, September 28th. This represents a $3.00 dividend on an annualized basis and a yield of 3.18%. Camden Property Trust’s payout ratio is 67.11%.

In other news, EVP Alexander J. Jessett sold 11,788 shares of Camden Property Trust stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $89.81, for a total value of $1,058,680.28. Following the sale, the executive vice president now owns 56,783 shares in the company, valued at $5,099,681.23. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP William W. Sengelmann sold 5,085 shares of Camden Property Trust stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $90.15, for a total transaction of $458,412.75. Following the completion of the sale, the executive vice president now owns 71,836 shares in the company, valued at approximately $6,476,015.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 118,584 shares of company stock worth $10,618,035. Company insiders own 4.70% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in CPT. Commerzbank Aktiengesellschaft FI grew its position in shares of Camden Property Trust by 18.7% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 3,537 shares of the real estate investment trust’s stock valued at $285,000 after purchasing an additional 558 shares during the period. First Trust Advisors LP grew its position in shares of Camden Property Trust by 271.4% in the first quarter. First Trust Advisors LP now owns 112,753 shares of the real estate investment trust’s stock valued at $9,072,000 after purchasing an additional 82,394 shares during the period. DekaBank Deutsche Girozentrale grew its position in shares of Camden Property Trust by 178.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 5,510 shares of the real estate investment trust’s stock valued at $465,000 after purchasing an additional 3,530 shares during the period. Suntrust Banks Inc. grew its position in shares of Camden Property Trust by 14.8% in the first quarter. Suntrust Banks Inc. now owns 3,753 shares of the real estate investment trust’s stock valued at $301,000 after purchasing an additional 484 shares during the period. Finally, Pictet Asset Management Ltd. grew its position in shares of Camden Property Trust by 9.2% in the first quarter. Pictet Asset Management Ltd. now owns 33,300 shares of the real estate investment trust’s stock valued at $2,679,000 after purchasing an additional 2,800 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

Camden Property Trust Company Profile

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.

Analyst Recommendations for Camden Property Trust (NYSE:CPT)

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