Camden Property Trust (NYSE:CPT – Get Free Report) has received an average rating of “Hold” from the seventeen analysts that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $109.58.
CPT has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price target on Camden Property Trust from $104.00 to $112.00 and gave the stock a “neutral” rating in a research report on Monday, June 17th. StockNews.com upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Morgan Stanley increased their price target on shares of Camden Property Trust from $98.00 to $105.50 and gave the stock an “equal weight” rating in a research report on Tuesday, May 14th. UBS Group lifted their price objective on shares of Camden Property Trust from $109.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. Finally, Wells Fargo & Company increased their target price on shares of Camden Property Trust from $92.00 to $104.00 and gave the stock an “underweight” rating in a report on Friday, May 31st.
Camden Property Trust Stock Up 0.5 %
Shares of NYSE:CPT opened at $119.33 on Friday. The business has a 50-day moving average price of $110.52 and a 200 day moving average price of $102.83. Camden Property Trust has a 12-month low of $82.81 and a 12-month high of $121.29. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $12.71 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 4.50 and a beta of 0.88.
Camden Property Trust (NYSE:CPT – Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.27). Camden Property Trust had a net margin of 25.64% and a return on equity of 7.95%. The company had revenue of $387.15 million for the quarter, compared to analyst estimates of $384.76 million. During the same quarter in the prior year, the business earned $1.70 earnings per share. Sell-side analysts expect that Camden Property Trust will post 6.73 EPS for the current year.
Camden Property Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.45%. The ex-dividend date was Friday, June 28th. Camden Property Trust’s dividend payout ratio (DPR) is presently 100.98%.
Institutional Trading of Camden Property Trust
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC lifted its holdings in shares of Camden Property Trust by 90.4% in the 1st quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 132 shares during the last quarter. Kings Path Partners LLC purchased a new stake in Camden Property Trust in the second quarter valued at approximately $33,000. Federated Hermes Inc. acquired a new stake in shares of Camden Property Trust in the second quarter valued at approximately $33,000. Tobam boosted its holdings in shares of Camden Property Trust by 4,166.7% in the fourth quarter. Tobam now owns 384 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 375 shares during the period. Finally, Family Firm Inc. purchased a new position in shares of Camden Property Trust during the second quarter worth approximately $39,000. 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.
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