Royal Bank of Canada Lowers Camden Property Trust (NYSE:CPT) Price Target to $127.00

Camden Property Trust (NYSE:CPT) had its price objective lowered by Royal Bank of Canada from $131.00 to $127.00 in a research report released on Monday morning,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the real estate investment trust’s stock.

Several other equities analysts have also recently commented on the stock. BNP Paribas initiated coverage on shares of Camden Property Trust in a research note on Wednesday, September 11th. They set a “neutral” rating and a $129.00 target price on the stock. Wells Fargo & Company raised Camden Property Trust from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $104.00 to $127.00 in a research note on Monday, August 26th. Bank of America raised shares of Camden Property Trust from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $111.00 to $147.00 in a research note on Monday, August 12th. Piper Sandler increased their target price on shares of Camden Property Trust from $110.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Finally, Evercore ISI raised their price objective on Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $122.03.

Camden Property Trust Stock Performance

Shares of NYSE CPT opened at $118.59 on Monday. Camden Property Trust has a 12-month low of $85.30 and a 12-month high of $127.69. The company has a current ratio of 0.15, a quick ratio of 0.37 and a debt-to-equity ratio of 0.72. The company has a market cap of $12.65 billion, a PE ratio of 37.53, a P/E/G ratio of 4.33 and a beta of 0.91. The stock has a 50 day simple moving average of $121.52 and a 200-day simple moving average of $113.85.

Camden Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were paid a dividend of $1.03 per share. The ex-dividend date was Monday, September 30th. This represents a $4.12 annualized dividend and a yield of 3.47%. Camden Property Trust’s dividend payout ratio is 130.38%.

Institutional Trading of Camden Property Trust

Institutional investors have recently bought and sold shares of the stock. Kings Path Partners LLC bought a new position in Camden Property Trust in the 2nd quarter worth approximately $33,000. Federated Hermes Inc. bought a new position in shares of Camden Property Trust in the 2nd quarter valued at about $33,000. Family Firm Inc. bought a new stake in shares of Camden Property Trust during the second quarter worth approximately $39,000. Versant Capital Management Inc lifted its stake in shares of Camden Property Trust by 2,187.5% in the 2nd 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 period. Finally, American Capital Advisory LLC grew its stake in shares of Camden Property Trust by 42.7% during the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 128 shares during the period. 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 58,250 apartment homes across the United States.