Camden Property Trust (NYSE:CPT) Receives Consensus Recommendation of “Hold” from Analysts

Camden Property Trust (NYSE:CPT) has been assigned a consensus rating of “Hold” from the eighteen analysts that are covering the firm, Marketbeat reports. Thirteen research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $121.69.

Several research firms have weighed in on CPT. Royal Bank of Canada cut Camden Property Trust from an “outperform” rating to a “sector perform” rating and set a $122.00 price target for the company. in a report on Monday, September 9th. Bank of America raised shares of Camden Property Trust from an “underperform” rating to a “buy” rating and raised their target price for the company from $111.00 to $147.00 in a report on Monday, August 12th. UBS Group boosted their price target on shares of Camden Property Trust from $109.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. Piper Sandler boosted their target price on shares of Camden Property Trust from $110.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Finally, Wells Fargo & Company raised shares of Camden Property Trust from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $104.00 to $127.00 in a report on Monday, August 26th.

Institutional Investors Weigh In On Camden Property Trust

Several hedge funds have recently made changes to their positions in CPT. Lindbrook Capital LLC increased its holdings in Camden Property Trust by 90.4% during the first quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 132 shares during the period. Kings Path Partners LLC bought a new stake in Camden Property Trust during the 2nd quarter valued at $33,000. Federated Hermes Inc. purchased a new position in shares of Camden Property Trust in the 2nd quarter valued at $33,000. Family Firm Inc. bought a new position in shares of Camden Property Trust in the 2nd quarter worth $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 worth $40,000 after purchasing an additional 350 shares during the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Trading Down 0.5 %

CPT stock opened at $123.71 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.37 and a quick ratio of 0.37. Camden Property Trust has a 1-year low of $82.81 and a 1-year high of $127.69. The business has a 50 day simple moving average of $120.72 and a two-hundred day simple moving average of $109.68. The company has a market capitalization of $13.18 billion, a price-to-earnings ratio of 30.32, a PEG ratio of 4.76 and a beta of 0.90.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.27). The company had revenue of $387.15 million for the quarter, compared to the consensus estimate of $384.76 million. Camden Property Trust had a return on equity of 7.98% and a net margin of 25.64%. During the same quarter in the prior year, the company posted $1.70 EPS. Research analysts anticipate that Camden Property Trust will post 6.77 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend is Monday, September 30th. Camden Property Trust’s dividend payout ratio (DPR) is presently 100.98%.

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.