UBS Group Cuts Camden Property Trust (NYSE:CPT) Price Target to $114.00

Camden Property Trust (NYSE:CPT - Free Report) had its price target trimmed by UBS Group from $126.00 to $114.00 in a report published on Tuesday,Benzinga reports. The firm currently has a neutral rating on the real estate investment trust's stock.

Several other analysts also recently commented on CPT. Wall Street Zen downgraded Camden Property Trust from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Truist Financial set a $131.00 target price on Camden Property Trust and gave the company a "buy" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. increased their target price on Camden Property Trust from $127.00 to $129.00 and gave the company an "underweight" rating in a research note on Tuesday, June 17th. Mizuho cut their target price on Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating on the stock in a research note on Friday, May 23rd. Finally, Scotiabank cut their target price on Camden Property Trust from $144.00 to $136.00 and set a "sector perform" rating on the stock in a research note on Friday, June 13th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $129.28.

Camden Property Trust Stock Down 0.2%

Shares of Camden Property Trust stock traded down $0.22 during midday trading on Tuesday, hitting $113.93. The company had a trading volume of 654,902 shares, compared to its average volume of 949,800. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.19 and a current ratio of 0.19. The stock has a market capitalization of $12.17 billion, a P/E ratio of 104.52, a P/E/G ratio of 3.78 and a beta of 0.77. The company has a 50 day moving average of $115.58 and a 200 day moving average of $116.00. Camden Property Trust has a 52-week low of $102.35 and a 52-week high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.04. The company had revenue of $390.57 million for the quarter, compared to the consensus estimate of $388.47 million. Camden Property Trust had a return on equity of 2.47% and a net margin of 7.62%. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.70 EPS. On average, equities analysts predict that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, June 30th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $4.20 annualized dividend and a yield of 3.69%. Camden Property Trust's dividend payout ratio (DPR) is presently 385.32%.

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, CEO Richard J. Campo sold 5,572 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $119.50, for a total transaction of $665,854.00. Following the sale, the chief executive officer directly owned 289,720 shares of the company's stock, valued at $34,621,540. This trade represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven A. Webster sold 1,200 shares of Camden Property Trust stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $118.76, for a total value of $142,512.00. Following the completion of the sale, the director directly owned 117,374 shares in the company, valued at $13,939,336.24. This trade represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Camden Property Trust

Several large investors have recently made changes to their positions in the company. Bellwether Advisors LLC purchased a new position in Camden Property Trust in the fourth quarter worth about $31,000. Cape Investment Advisory Inc. purchased a new position in Camden Property Trust in the first quarter worth about $37,000. Tsfg LLC purchased a new position in Camden Property Trust in the first quarter worth about $40,000. National Pension Service grew its position in Camden Property Trust by 74.2% in the first quarter. National Pension Service now owns 392 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 167 shares in the last quarter. Finally, Allworth Financial LP grew its position in Camden Property Trust by 47.4% in the first quarter. Allworth Financial LP now owns 491 shares of the real estate investment trust's stock worth $56,000 after acquiring an additional 158 shares in the last quarter. 97.22% of the stock is owned by institutional investors.

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 58,250 apartment homes across the United States.