Camden Property Trust (NYSE:CPT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Camden Property Trust (NYSE:CPT) from a strong sell rating to a sell rating in a research report report published on Saturday,Wall Street Zen reports.

A number of other research analysts also recently commented on the company. JPMorgan Chase & Co. upped their price objective on Camden Property Trust from $113.00 to $114.00 and gave the stock a “neutral” rating in a research note on Thursday, August 13th. Royal Bank Of Canada cut their target price on Camden Property Trust from $111.00 to $101.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 13th. Jefferies Financial Group upgraded Camden Property Trust to a “hold” rating in a research note on Wednesday, July 22nd. Weiss Ratings downgraded shares of Camden Property Trust from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 2nd. Finally, Mizuho reduced their price target on shares of Camden Property Trust from $125.00 to $116.00 and set an “outperform” rating for the company in a report on Tuesday, September 8th. Three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Camden Property Trust currently has a consensus rating of “Hold” and a consensus price target of $110.95.

Camden Property Trust Stock Up 0.7%

NYSE:CPT opened at $100.09 on Friday. The firm has a market capitalization of $10.06 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 7.77 and a beta of 0.75. The stock has a 50 day moving average of $100.42 and a 200-day moving average of $105.79. Camden Property Trust has a 52 week low of $95.30 and a 52 week high of $119.81. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.25.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, November 5th. The real estate investment trust reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.02. The business had revenue of $381.06 million for the quarter, compared to analysts’ expectations of $384.88 million. Camden Property Trust had a return on equity of 7.66% and a net margin of 20.80%. The business’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.70 EPS. Analysts predict that Camden Property Trust will post 6.75 EPS for the current year.

Camden Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Wednesday, September 30th were given a $1.06 dividend. This represents a $4.24 annualized dividend and a yield of 4.2%. The ex-dividend date was Wednesday, September 30th. Camden Property Trust’s dividend payout ratio (DPR) is currently 39.52%.

Hedge Funds Weigh In On Camden Property Trust

Several large investors have recently bought and sold shares of CPT. Aew Capital Management Inc. acquired a new position in shares of Camden Property Trust during the third quarter valued at approximately $85,702,000. Russell Investments Group Ltd. lifted its position in shares of Camden Property Trust by 120.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,463,966 shares of the real estate investment trust’s stock valued at $141,609,000 after acquiring an additional 800,168 shares during the last quarter. Retirement Systems of Alabama lifted its position in shares of Camden Property Trust by 906.2% during the 3rd quarter. Retirement Systems of Alabama now owns 792,717 shares of the real estate investment trust’s stock valued at $76,680,000 after acquiring an additional 713,933 shares during the last quarter. Danske Bank A S boosted its stake in shares of Camden Property Trust by 626,941.0% during the 3rd quarter. Danske Bank A S now owns 627,041 shares of the real estate investment trust’s stock worth $60,654,000 after acquiring an additional 626,941 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Camden Property Trust by 100.2% during the 1st quarter. Jennison Associates LLC now owns 1,206,854 shares of the real estate investment trust’s stock worth $117,861,000 after acquiring an additional 603,997 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

About Camden Property Trust

Camden Property Trust is a real estate investment trust that owns, develops, acquires and manages apartment communities. Its residential properties serve renters in markets across the United States, with a focus on major metropolitan areas.

Founded in 1982 and headquartered in Houston, Texas, Camden has grown into a multifamily housing operator. Its services include leasing apartments and managing the day-to-day operations of its communities.