Evercore ISI Trims Camden Property Trust (NYSE:CPT) Target Price to $110.00

Camden Property Trust (NYSE:CPT) had its price target trimmed by Evercore ISI from $111.00 to $110.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an in-line rating on the real estate investment trust’s stock.

A number of other equities research analysts also recently issued reports on CPT. Wedbush upped their price objective on shares of Camden Property Trust from $118.00 to $131.00 and gave the stock an outperform rating in a research report on Monday, August 5th. Mizuho reduced their target price on shares of Camden Property Trust from $111.00 to $108.00 and set a buy rating for the company in a research report on Thursday, May 30th. Piper Sandler raised shares of Camden Property Trust from an underweight rating to a neutral rating and increased their target price for the company from $90.00 to $110.00 in a research report on Monday, May 6th. UBS Group increased their target price on shares of Camden Property Trust from $109.00 to $117.00 and gave the company a neutral rating in a research report on Thursday, July 18th. Finally, Morgan Stanley increased their target price on shares of Camden Property Trust from $98.00 to $105.50 and gave the company an equal weight rating in a research report on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Hold and an average target price of $113.03.

Camden Property Trust Trading Up 0.3 %

Shares of CPT stock opened at $119.92 on Monday. Camden Property Trust has a 52-week low of $82.81 and a 52-week high of $121.29. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.43 and a current ratio of 0.43. The company has a 50-day simple moving average of $111.36 and a two-hundred day simple moving average of $103.32. The company has a market capitalization of $12.78 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 4.50 and a beta of 0.88.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.27). Camden Property Trust had a return on equity of 7.95% and a net margin of 25.64%. The firm had revenue of $387.15 million during the quarter, compared to the consensus estimate of $384.76 million. During the same period in the previous year, the company posted $1.70 earnings per share. Research analysts anticipate that Camden Property Trust will post 6.73 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 17th. Investors of record on Friday, June 28th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.44%. The ex-dividend date was Friday, June 28th. Camden Property Trust’s dividend payout ratio (DPR) is presently 100.98%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CPT. International Assets Investment Management LLC purchased a new stake in Camden Property Trust in the 4th quarter worth approximately $90,900,000. Sequoia Financial Advisors LLC purchased a new stake in Camden Property Trust in the 4th quarter worth approximately $212,000. Mutual of America Capital Management LLC lifted its stake in Camden Property Trust by 51.7% in the 4th quarter. Mutual of America Capital Management LLC now owns 28,686 shares of the real estate investment trust’s stock worth $2,848,000 after purchasing an additional 9,779 shares in the last quarter. Cerity Partners LLC purchased a new stake in Camden Property Trust in the 4th quarter worth approximately $6,966,000. Finally, Simplicity Solutions LLC purchased a new stake in Camden Property Trust in the 4th quarter worth approximately $557,000. 97.22% of the stock is owned by institutional investors.

Camden Property Trust Company Profile

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.