Camden Property Trust (CPT) Given a $99.00 Price Target at Wells Fargo & Co

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Wells Fargo & Co set a $99.00 price objective on Camden Property Trust (NYSE:CPT) in a research note published on Tuesday morning. The brokerage currently has a hold rating on the real estate investment trust’s stock.

A number of other equities research analysts have also recently commented on CPT. Citigroup raised their price objective on shares of Camden Property Trust from $95.00 to $96.00 and gave the stock a hold rating in a research note on Tuesday, October 30th. Zacks Investment Research cut shares of Camden Property Trust from a buy rating to a hold rating in a research note on Monday, August 6th. Royal Bank of Canada raised their price objective on shares of Camden Property Trust to $97.00 and gave the stock an outperform rating in a research note on Tuesday, August 14th. Capital One Financial reaffirmed an equal weight rating on shares of Camden Property Trust in a research note on Sunday, October 21st. Finally, SunTrust Banks raised their price objective on shares of Camden Property Trust to $95.00 and gave the stock an average rating in a research note on Tuesday, August 14th. They noted that the move was a valuation call. Eleven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $94.59.

Shares of NYSE CPT opened at $91.45 on Tuesday. The company has a market cap of $8.34 billion, a PE ratio of 20.19, a PEG ratio of 3.00 and a beta of 0.30. Camden Property Trust has a 12 month low of $78.19 and a 12 month high of $95.67. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.20 and a current ratio of 0.20.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.79). The firm had revenue of $241.77 million for the quarter, compared to analyst estimates of $238.79 million. Camden Property Trust had a return on equity of 5.94% and a net margin of 21.81%. As a group, analysts forecast that Camden Property Trust will post 4.76 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 17th. Stockholders of record on Friday, September 28th were given a dividend of $0.77 per share. The ex-dividend date was Thursday, September 27th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.37%. Camden Property Trust’s dividend payout ratio (DPR) is 67.99%.

In other Camden Property Trust news, EVP William W. Sengelmann sold 31,895 shares of the firm’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $94.42, for a total value of $3,011,525.90. Following the transaction, the executive vice president now owns 78,276 shares in the company, valued at approximately $7,390,819.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William B. Mcguire sold 2,190 shares of the firm’s stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $92.60, for a total value of $202,794.00. The disclosure for this sale can be found here. Insiders have sold a total of 247,921 shares of company stock worth $23,290,722 in the last quarter. Insiders own 3.90% of the company’s stock.

A number of hedge funds have recently made changes to their positions in CPT. Parallel Advisors LLC lifted its holdings in Camden Property Trust by 1,495.0% in the 2nd quarter. Parallel Advisors LLC now owns 1,276 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 1,196 shares in the last quarter. Redpoint Investment Management Pty Ltd purchased a new position in Camden Property Trust in the 2nd quarter valued at $206,000. First Mercantile Trust Co. purchased a new position in Camden Property Trust in the 2nd quarter valued at $225,000. IFM Investors Pty Ltd purchased a new position in Camden Property Trust in the 2nd quarter valued at $227,000. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Camden Property Trust by 109.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,424 shares of the real estate investment trust’s stock valued at $227,000 after purchasing an additional 1,268 shares in the last quarter. Institutional investors own 93.29% of the company’s stock.

Camden Property Trust Company Profile

Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 158 properties containing 54,181 apartment homes across the United States.

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Analyst Recommendations for Camden Property Trust (NYSE:CPT)

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