Mizuho reaffirmed their hold rating on shares of Camden Property Trust (NYSE:CPT) in a research note released on Sunday morning. The firm currently has a $90.00 target price on the real estate investment trust’s stock.

Several other analysts have also recently commented on the stock. Royal Bank Of Canada reiterated a buy rating and issued a $91.00 price objective on shares of Camden Property Trust in a research note on Sunday, July 16th. Sandler O’Neill upgraded shares of Camden Property Trust from a hold rating to a buy rating and raised their price objective for the company from $93.00 to $105.00 in a research note on Tuesday, September 5th. UBS AG reiterated a sell rating and issued a $86.00 price objective (up previously from $80.00) on shares of Camden Property Trust in a research note on Thursday, September 14th. Stifel Nicolaus initiated coverage on shares of Camden Property Trust in a research note on Friday, September 1st. They issued a buy rating and a $99.00 price objective for the company. Finally, BMO Capital Markets reiterated a buy rating and issued a $95.00 price objective on shares of Camden Property Trust in a research note on Friday, September 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $92.06.

Camden Property Trust (CPT) opened at 92.50 on Friday. The company’s 50 day moving average is $92.81 and its 200 day moving average is $87.40. Camden Property Trust has a 52-week low of $75.36 and a 52-week high of $96.39. The firm has a market cap of $8.11 billion, a P/E ratio of 20.69 and a beta of 0.41.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.15 EPS for the quarter, beating 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 business earned $1.15 earnings per share. The business’s revenue for the quarter was up .4% compared to the same quarter last year. Equities research analysts forecast that Camden Property Trust will post $1.73 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 17th. Shareholders of record on Friday, September 29th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend was Thursday, September 28th. Camden Property Trust’s payout ratio is currently 67.11%.

In other news, EVP William W. Sengelmann sold 5,085 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $90.15, for a total value of $458,412.75. Following the completion of the transaction, the executive vice president now owns 71,836 shares of the company’s stock, valued at $6,476,015.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President D Keith Oden sold 86,540 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $89.43, for a total transaction of $7,739,272.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 118,584 shares of company stock valued at $10,618,035. 4.70% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of CPT. Goldman Sachs Group Inc. raised its position in shares of Camden Property Trust by 32.1% in the second quarter. Goldman Sachs Group Inc. now owns 1,312,251 shares of the real estate investment trust’s stock valued at $112,211,000 after buying an additional 318,689 shares during the last quarter. BlackRock Inc. raised its position in shares of Camden Property Trust by 3.1% in the second quarter. BlackRock Inc. now owns 10,451,376 shares of the real estate investment trust’s stock valued at $893,697,000 after buying an additional 310,886 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Camden Property Trust by 51.7% in the second quarter. Russell Investments Group Ltd. now owns 774,012 shares of the real estate investment trust’s stock valued at $66,224,000 after buying an additional 263,839 shares during the last quarter. Koch Industries Inc. acquired a new position in shares of Camden Property Trust in the second quarter valued at approximately $236,000. Finally, Renaissance Technologies LLC raised its position in shares of Camden Property Trust by 2,840.3% in the first quarter. Renaissance Technologies LLC now owns 226,400 shares of the real estate investment trust’s stock valued at $18,216,000 after buying an additional 218,700 shares during the last quarter. 90.44% of the stock is owned by institutional investors and hedge funds.

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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