Camden Property Trust’s (CPT) Underweight Rating Reiterated at Piper Sandler

Piper Sandler restated their underweight rating on shares of Camden Property Trust (NYSE:CPT) in a research report report published on Tuesday, Benzinga reports. The brokerage currently has a $90.00 price target on the real estate investment trust’s stock.

CPT has been the subject of several other research reports. The Goldman Sachs Group started coverage on shares of Camden Property Trust in a research report on Thursday, February 22nd. They set a buy rating and a $112.00 price target for the company. Royal Bank of Canada reiterated an outperform rating and issued a $103.00 target price on shares of Camden Property Trust in a research report on Monday, February 5th. Mizuho decreased their target price on shares of Camden Property Trust from $103.00 to $99.00 and set a buy rating for the company in a research report on Wednesday, February 28th. StockNews.com lowered shares of Camden Property Trust from a hold rating to a sell rating in a research report on Tuesday, March 12th. Finally, Barclays lowered shares of Camden Property Trust from an overweight rating to an equal weight rating and decreased their target price for the company from $138.00 to $100.00 in a research report on Tuesday, February 20th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Camden Property Trust currently has an average rating of Hold and a consensus target price of $104.24.

Camden Property Trust Stock Up 1.3 %

Shares of NYSE:CPT opened at $98.40 on Tuesday. The stock has a market capitalization of $10.53 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 3.60 and a beta of 0.83. Camden Property Trust has a 1-year low of $82.81 and a 1-year high of $114.04. The company’s fifty day moving average is $96.37 and its two-hundred day moving average is $95.23. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.88 and a current ratio of 0.88.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.31. The company had revenue of $387.59 million for the quarter, compared to analysts’ expectations of $387.33 million. Camden Property Trust had a net margin of 26.15% and a return on equity of 8.07%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.74 earnings per share. Equities analysts anticipate that Camden Property Trust will post 6.75 EPS for the current year.

Camden Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th will be paid a dividend of $1.03 per share. The ex-dividend date is Wednesday, March 27th. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.00. This represents a $4.12 dividend on an annualized basis and a yield of 4.19%. Camden Property Trust’s dividend payout ratio is currently 108.11%.

Insider Buying and Selling at Camden Property Trust

In other news, CEO Richard J. Campo sold 38,336 shares of the stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $98.22, for a total value of $3,765,361.92. Following the completion of the sale, the chief executive officer now directly owns 267,132 shares of the company’s stock, valued at $26,237,705.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Richard J. Campo sold 38,336 shares of the stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $98.22, for a total value of $3,765,361.92. Following the transaction, the chief executive officer now owns 267,132 shares in the company, valued at $26,237,705.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Heather J. Brunner sold 1,325 shares of the stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $98.21, for a total value of $130,128.25. Following the completion of the transaction, the director now owns 10,230 shares in the company, valued at approximately $1,004,688.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,957 shares of company stock valued at $5,495,920. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Camden Property Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nomura Holdings Inc. acquired a new position in Camden Property Trust during the fourth quarter valued at approximately $1,880,000. HighPoint Advisor Group LLC acquired a new position in Camden Property Trust during the fourth quarter valued at approximately $267,000. Quadrature Capital Ltd acquired a new position in Camden Property Trust during the fourth quarter valued at approximately $1,150,000. Vanguard Group Inc. grew its holdings in Camden Property Trust by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 17,002,453 shares of the real estate investment trust’s stock valued at $1,688,174,000 after purchasing an additional 60,511 shares during the last quarter. Finally, Abel Hall LLC acquired a new position in Camden Property Trust during the fourth quarter valued at approximately $216,000. Institutional investors and hedge funds own 97.22% of the company’s stock.

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 58,634 apartment homes across the United States.