Camden Property Trust (NYSE:CPT) Price Target Raised to $107.00

Camden Property Trust (NYSE:CPT) had its price objective upped by UBS Group from $101.00 to $107.00 in a report released on Tuesday,Benzinga reports. The firm currently has a neutral rating on the real estate investment trust’s stock.

Other equities analysts have also issued research reports about the stock. Morgan Stanley cut their target price on shares of Camden Property Trust from $120.00 to $118.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 12th. JPMorgan Chase & Co. boosted their price target on shares of Camden Property Trust from $113.00 to $114.00 and gave the company a “neutral” rating in a research report on Thursday, August 13th. Stifel Nicolaus set a $123.25 price target on shares of Camden Property Trust in a research report on Friday, July 31st. Jefferies Financial Group upgraded shares of Camden Property Trust to a “hold” rating in a research note on Wednesday, July 22nd. Finally, Mizuho cut their price objective 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. Two analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $108.73.

Camden Property Trust Stock Performance

NYSE:CPT opened at $98.41 on Tuesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.82 and a quick ratio of 0.18. The business has a fifty day simple moving average of $100.02 and a two-hundred day simple moving average of $105.67. Camden Property Trust has a 1 year low of $95.30 and a 1 year high of $119.81. The company has a market capitalization of $9.85 billion, a P/E ratio of 14.47, a P/E/G ratio of 10.55 and a beta of 0.75.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, November 5th. The real estate investment trust reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.02. The firm 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 26.22% and a net margin of 71.94%. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.70 EPS. On average, analysts expect that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Wednesday, September 30th were issued a dividend of $1.06 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $4.24 dividend on an annualized basis and a yield of 4.3%. Camden Property Trust’s dividend payout ratio is 39.52%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CPT. State Street Corp lifted its holdings in shares of Camden Property Trust by 471.5% in the third quarter. State Street Corp now owns 74,337,703 shares of the real estate investment trust’s stock worth $7,190,686,000 after buying an additional 61,330,037 shares in the last quarter. First Trust Advisors LP grew its stake in Camden Property Trust by 295.2% during the third quarter. First Trust Advisors LP now owns 1,274,029 shares of the real estate investment trust’s stock valued at $123,237,000 after acquiring an additional 951,623 shares in the last quarter. Aew Capital Management Inc. bought a new stake in Camden Property Trust during the 3rd quarter worth approximately $85,702,000. Russell Investments Group Ltd. increased its holdings in 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 worth $141,609,000 after acquiring an additional 800,168 shares during the period. Finally, Retirement Systems of Alabama increased its holdings in 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 worth $76,680,000 after acquiring an additional 713,933 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Company Profile

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.