Camden Property Trust (NYSE:CPT) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of Camden Property Trust (NYSE:CPT) in a research report released on Wednesday morning, Marketbeat Ratings reports. The firm issued a neutral rating and a $139.00 target price on the real estate investment trust’s stock.

CPT has been the subject of a number of other reports. Evercore ISI lifted their price objective on shares of Camden Property Trust from $110.00 to $115.00 and gave the company an in-line rating in a report on Wednesday, August 28th. Truist Financial boosted their price objective on Camden Property Trust from $122.00 to $133.00 and gave the stock a buy rating in a report on Monday, August 26th. UBS Group increased their price objective on Camden Property Trust from $109.00 to $117.00 and gave the stock a neutral rating in a research note on Thursday, July 18th. Royal Bank of Canada upped their price target on Camden Property Trust from $114.00 to $122.00 and gave the stock an outperform rating in a report on Monday, August 5th. Finally, Scotiabank raised their price objective on Camden Property Trust from $116.00 to $125.00 and gave the company a sector perform rating in a research note on Monday, August 26th. Twelve equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Hold and an average price target of $118.21.

Camden Property Trust Stock Performance

Shares of Camden Property Trust stock opened at $125.42 on Wednesday. The business has a 50-day simple moving average of $115.64 and a 200 day simple moving average of $106.25. Camden Property Trust has a one year low of $82.81 and a one year high of $127.23. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a market capitalization of $13.36 billion, a price-to-earnings ratio of 30.74, a PEG ratio of 4.71 and a beta of 0.88.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $387.15 million for the quarter, compared to the consensus estimate of $384.76 million. During the same quarter in the prior year, the firm earned $1.70 EPS. On average, research analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 17th. Investors 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 3.28%. Camden Property Trust’s payout ratio is 100.98%.

Institutional Trading of Camden Property Trust

Large investors have recently bought and sold shares of the company. Lindbrook Capital LLC grew its stake in shares of Camden Property Trust by 90.4% during the 1st quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 132 shares during the period. Kings Path Partners LLC bought a new position in Camden Property Trust during the second quarter worth about $33,000. Federated Hermes Inc. purchased a new position in shares of Camden Property Trust in the second quarter worth about $33,000. Family Firm Inc. bought a new stake in shares of Camden Property Trust in the second quarter valued at approximately $39,000. Finally, Versant Capital Management Inc lifted its stake in shares of Camden Property Trust by 2,187.5% during the 2nd quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 350 shares in the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

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 58,634 apartment homes across the United States.