Camden Property Trust (NYSE:CPT) Receives $118.21 Average Target Price from Analysts

Camden Property Trust (NYSE:CPT) has received an average rating of “Hold” from the seventeen ratings firms that are covering the company, Marketbeat.com reports. Twelve investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $118.26.

CPT has been the subject of a number of research analyst reports. Piper Sandler boosted their target price on Camden Property Trust from $110.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Royal Bank of Canada lowered Camden Property Trust from an “outperform” rating to a “sector perform” rating and set a $122.00 price target on the stock. in a report on Monday. Wells Fargo & Company upgraded Camden Property Trust from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $104.00 to $127.00 in a report on Monday, August 26th. UBS Group boosted their price target on Camden Property Trust from $109.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. Finally, Morgan Stanley boosted their price target on Camden Property Trust from $98.00 to $105.50 and gave the company an “equal weight” rating in a report on Tuesday, May 14th.

Institutional Trading of Camden Property Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. Lindbrook Capital LLC raised its stake in Camden Property Trust by 90.4% in the first quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 132 shares during the period. Kings Path Partners LLC acquired a new position in shares of Camden Property Trust in the second quarter valued at approximately $33,000. Federated Hermes Inc. acquired a new position in shares of Camden Property Trust in the second quarter valued at approximately $33,000. Family Firm Inc. acquired a new position in shares of Camden Property Trust in the second quarter valued at approximately $39,000. Finally, Versant Capital Management Inc grew its position in shares of Camden Property Trust by 2,187.5% in the second quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 350 shares during the last quarter. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Down 0.7 %

NYSE:CPT opened at $121.32 on Thursday. Camden Property Trust has a 1 year low of $82.81 and a 1 year high of $127.23. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.72. The stock has a market cap of $12.94 billion, a price-to-earnings ratio of 29.74, a PEG ratio of 4.59 and a beta of 0.90. The stock has a 50-day moving average price of $116.43 and a two-hundred day moving average price of $106.90.

Camden Property Trust (NYSE:CPT) last posted its earnings results 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 net margin of 25.64% and a return on equity of 7.98%. The business had revenue of $387.15 million during the quarter, compared to analyst estimates of $384.76 million. During the same period in the previous year, the firm posted $1.70 earnings per share. As a group, equities analysts expect that Camden Property Trust will post 6.77 earnings per share for the current year.

Camden Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 17th. Shareholders of record on Friday, June 28th were paid a $1.03 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $4.12 annualized dividend and a yield of 3.40%. Camden Property Trust’s dividend payout ratio is 100.98%.

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.