News headlines about Camden Property Trust (NYSE:CPT) have been trending positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Camden Property Trust earned a coverage optimism score of 0.31 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.4337157035896 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s analysis:
- The Manufacturers Life Insurance Company Increases Stake in Camden Property Trust (CPT) (americanbankingnews.com)
- Camden Property Trust (CPT) Shares Bought by UBS Asset Management Americas Inc. (americanbankingnews.com)
- Quadrature Capital Ltd Buys New Stake in Camden Property Trust (CPT) (americanbankingnews.com)
- Lasalle Investment Management Securities LLC Lowers Holdings in Camden Property Trust (CPT) (americanbankingnews.com)
- Camden Property Trust (CPT) Shares Bought by Schroder Investment Management Group (americanbankingnews.com)
Camden Property Trust (CPT) traded down $1.44 during mid-day trading on Tuesday, reaching $79.65. 822,846 shares of the company’s stock were exchanged, compared to its average volume of 619,255. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.63. Camden Property Trust has a 12 month low of $78.38 and a 12 month high of $96.39. The firm has a market capitalization of $7,580.85, a PE ratio of 37.93, a P/E/G ratio of 2.82 and a beta of 0.34.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 17th. Shareholders of record on Friday, March 30th will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $3.08 dividend on an annualized basis and a yield of 3.87%. This is a boost from Camden Property Trust’s previous quarterly dividend of $0.75. Camden Property Trust’s dividend payout ratio (DPR) is presently 142.86%.
CPT has been the topic of several analyst reports. BMO Capital Markets set a $96.00 target price on shares of Camden Property Trust and gave the company a “buy” rating in a report on Wednesday, January 24th. Zacks Investment Research raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. SunTrust Banks set a $89.00 target price on shares of Camden Property Trust and gave the company a “hold” rating in a report on Monday, January 22nd. Mizuho reaffirmed a “hold” rating and issued a $94.00 target price on shares of Camden Property Trust in a report on Monday, November 6th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $92.00 target price on shares of Camden Property Trust in a report on Monday, February 12th. One analyst has rated the stock with a sell rating, seven have given 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 $91.27.
In other Camden Property Trust news, EVP William W. Sengelmann sold 4,478 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $88.42, for a total transaction of $395,944.76. Following the sale, the executive vice president now owns 66,567 shares of the company’s stock, valued at $5,885,854.14. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President D Keith Oden sold 55,682 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $92.27, for a total transaction of $5,137,778.14. Following the sale, the president now directly owns 364,771 shares in the company, valued at approximately $33,657,420.17. The disclosure for this sale can be found here. In the last three months, insiders have sold 125,918 shares of company stock worth $11,599,316. 4.70% of the stock is owned by corporate insiders.
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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.
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