Camden Property Trust (NYSE:CPT) Receives Average Rating of “Hold” from Brokerages

Shares of Camden Property Trust (NYSE:CPT) have received a consensus rating of “Hold” from the nineteen ratings firms that are presently covering the firm, Marketbeat reports. Fifteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $122.50.

CPT has been the subject of a number of research analyst reports. Truist Financial upped their price target on shares of Camden Property Trust from $122.00 to $133.00 and gave the company a “buy” rating in a report on Monday, August 26th. JPMorgan Chase & Co. raised their target price on shares of Camden Property Trust from $112.00 to $129.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Stifel Nicolaus downgraded Camden Property Trust from a “buy” rating to a “hold” rating and increased their price objective for the company from $120.00 to $121.00 in a research report on Wednesday, November 13th. Finally, Jefferies Financial Group assumed coverage on Camden Property Trust in a report on Friday, October 11th. They issued a “hold” rating and a $123.00 target price on the stock.

Institutional Trading of Camden Property Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. QRG Capital Management Inc. acquired a new position in Camden Property Trust in the third quarter worth approximately $1,660,000. Stoneridge Investment Partners LLC bought a new stake in Camden Property Trust in the third quarter worth approximately $2,913,000. Highland Capital Management LLC acquired a new position in shares of Camden Property Trust during the 3rd quarter worth $826,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Camden Property Trust by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,498,742 shares of the real estate investment trust’s stock valued at $185,140,000 after purchasing an additional 51,742 shares in the last quarter. Finally, Harvest Portfolios Group Inc. lifted its stake in shares of Camden Property Trust by 242.8% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 12,880 shares of the real estate investment trust’s stock valued at $1,591,000 after purchasing an additional 9,123 shares during the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Stock Down 0.6 %

Shares of CPT stock opened at $120.20 on Friday. Camden Property Trust has a 1 year low of $90.50 and a 1 year high of $127.69. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. The business’s fifty day moving average is $120.61 and its 200-day moving average is $117.27. The stock has a market cap of $12.82 billion, a PE ratio of 38.04, a price-to-earnings-growth ratio of 4.40 and a beta of 0.92.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $4.12 annualized dividend and a yield of 3.43%. Camden Property Trust’s dividend payout ratio is presently 130.38%.

About Camden Property Trust

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.