Mizuho reaffirmed their hold rating on shares of Camden Property Trust (NYSE:CPT) in a research report released on Monday. The brokerage currently has a $94.00 price target on the real estate investment trust’s stock.
Other research analysts have also recently issued research reports about the stock. BMO Capital Markets restated a buy rating and set a $95.00 target price on shares of Camden Property Trust in a report on Friday, September 8th. Sandler O’Neill upgraded shares of Camden Property Trust from a hold rating to a buy rating and increased their target price for the stock from $93.00 to $105.00 in a report on Tuesday, September 5th. Stifel Nicolaus initiated coverage on shares of Camden Property Trust in a report on Friday, September 1st. They set a buy rating and a $99.00 target price for the company. Royal Bank Of Canada restated a buy rating and set a $91.00 target price on shares of Camden Property Trust in a report on Sunday, July 16th. Finally, Barclays PLC increased their target price on shares of Camden Property Trust from $85.00 to $86.00 and gave the stock an equal weight rating in a report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $92.31.
Camden Property Trust (CPT) opened at $93.91 on Monday. Camden Property Trust has a 1-year low of $75.36 and a 1-year high of $96.39. The company has a market cap of $8,719.80, a price-to-earnings ratio of 20.91, a P/E/G ratio of 3.84 and a beta of 0.42. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.64.
Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, October 26th. The real estate investment trust reported $1.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.03). Camden Property Trust had a return on equity of 4.71% and a net margin of 16.81%. The business had revenue of $228.18 million for the quarter, compared to analyst estimates of $226.41 million. During the same quarter in the previous year, the company posted $1.13 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. analysts forecast that Camden Property Trust will post 4.53 EPS for the current fiscal year.
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The company also recently declared a quarterly dividend, which was paid on Tuesday, October 17th. Shareholders of record on Friday, September 29th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date was Thursday, September 28th. Camden Property Trust’s dividend payout ratio is currently 182.93%.
Several hedge funds and other institutional investors have recently bought and sold shares of CPT. YorkBridge Wealth Partners LLC lifted its stake in shares of Camden Property Trust by 6.1% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,171 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 67 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in shares of Camden Property Trust during the 3rd quarter worth about $110,000. Perigon Wealth Management LLC lifted its stake in shares of Camden Property Trust by 59.3% during the 2nd quarter. Perigon Wealth Management LLC now owns 2,150 shares of the real estate investment trust’s stock worth $185,000 after buying an additional 800 shares during the last quarter. Eqis Capital Management Inc. acquired a new stake in shares of Camden Property Trust during the 2nd quarter worth about $201,000. Finally, Sawtooth Solutions LLC lifted its stake in shares of Camden Property Trust by 2.7% during the 2nd quarter. Sawtooth Solutions LLC now owns 2,701 shares of the real estate investment trust’s stock worth $231,000 after buying an additional 72 shares during the last quarter. Institutional investors own 90.45% of the company’s stock.
About Camden Property Trust
Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. As of December 31, 2016, the Company owned interests in, operated, or were developing 159 multifamily properties, which consisted of 55,366 apartment homes across the United States.
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