Scotiabank Raises Camden Property Trust (NYSE:CPT) Price Target to $125.00

Camden Property Trust (NYSE:CPT) had its target price raised by Scotiabank from $116.00 to $125.00 in a research report released on Monday, Benzinga reports. The firm currently has a sector perform rating on the real estate investment trust’s stock.

CPT has been the subject of a number of other reports. Piper Sandler upgraded shares of Camden Property Trust from an underweight rating to a neutral rating and upped their price target for the company from $90.00 to $110.00 in a report on Monday, May 6th. Royal Bank of Canada upped their price target on shares of Camden Property Trust from $114.00 to $122.00 and gave the company an outperform rating in a report on Monday, August 5th. JPMorgan Chase & Co. upped their price target on shares of Camden Property Trust from $104.00 to $112.00 and gave the company a neutral rating in a report on Monday, June 17th. Wedbush upped their price objective on shares of Camden Property Trust from $118.00 to $131.00 and gave the company an outperform rating in a research report on Monday, August 5th. Finally, Wells Fargo & Company raised shares of Camden Property Trust from an underweight rating to an equal weight rating and upped their price objective for the company from $104.00 to $127.00 in a research report on Monday. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Camden Property Trust currently has a consensus rating of Hold and a consensus target price of $116.62.

Camden Property Trust Trading Up 0.7 %

Shares of NYSE:CPT opened at $124.73 on Monday. The stock has a market capitalization of $13.29 billion, a PE ratio of 30.57, a P/E/G ratio of 4.50 and a beta of 0.88. Camden Property Trust has a 1 year low of $82.81 and a 1 year high of $125.35. The firm has a fifty day moving average price of $114.09 and a 200 day moving average price of $105.17. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.71.

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). The business had revenue of $387.15 million during the quarter, compared to the consensus estimate of $384.76 million. Camden Property Trust had a return on equity of 7.95% and a net margin of 25.64%. During the same quarter in the prior year, the company posted $1.70 earnings per share. Analysts expect that Camden Property Trust will post 6.73 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 17th. Investors of record on Friday, June 28th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.30%. The ex-dividend date was Friday, June 28th. Camden Property Trust’s dividend payout ratio (DPR) is presently 100.98%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Camden Property Trust during the fourth quarter worth approximately $376,933,000. Centersquare Investment Management LLC increased its holdings in shares of Camden Property Trust by 2,517.6% during the fourth quarter. Centersquare Investment Management LLC now owns 1,398,343 shares of the real estate investment trust’s stock worth $138,841,000 after buying an additional 1,344,923 shares in the last quarter. Duquesne Family Office LLC acquired a new stake in shares of Camden Property Trust during the second quarter worth approximately $63,056,000. BNP Paribas Financial Markets increased its holdings in shares of Camden Property Trust by 111.4% during the fourth quarter. BNP Paribas Financial Markets now owns 573,956 shares of the real estate investment trust’s stock worth $56,988,000 after buying an additional 302,439 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Camden Property Trust by 1.7% during the first quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust’s stock worth $1,701,521,000 after buying an additional 289,425 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

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.