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

Camden Property Trust (NYSE:CPT) has been assigned a consensus rating of “Hold” from the eighteen brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $126.75.

CPT has been the subject of several recent analyst reports. Scotiabank lowered their price target on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. Jefferies Financial Group assumed coverage on shares of Camden Property Trust in a research report on Friday, October 11th. They set a “hold” rating and a $123.00 price target for the company. StockNews.com lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a report on Friday, November 1st. BNP Paribas initiated coverage on Camden Property Trust in a research note on Wednesday, September 11th. They set a “neutral” rating and a $129.00 target price on the stock. Finally, Royal Bank of Canada lowered their target price on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating on the stock in a research note on Monday, November 4th.

Camden Property Trust Stock Down 2.7 %

Shares of NYSE:CPT opened at $110.34 on Wednesday. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. The stock has a fifty day simple moving average of $119.22 and a two-hundred day simple moving average of $118.52. Camden Property Trust has a 12-month low of $90.50 and a 12-month high of $127.69. The stock has a market capitalization of $11.77 billion, a price-to-earnings ratio of 34.92, a PEG ratio of 4.40 and a beta of 0.94.

Camden Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend is Wednesday, December 18th. Camden Property Trust’s payout ratio is currently 130.38%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Verdence Capital Advisors LLC lifted its stake in shares of Camden Property Trust by 5.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust’s stock worth $294,000 after acquiring an additional 113 shares during the last quarter. Doliver Advisors LP grew its stake in Camden Property Trust by 6.7% in the 4th quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust’s stock worth $209,000 after acquiring an additional 113 shares in the last quarter. American Capital Advisory LLC increased its position in shares of Camden Property Trust by 42.7% during the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 128 shares during the period. ProShare Advisors LLC raised its stake in shares of Camden Property Trust by 0.5% during the second quarter. ProShare Advisors LLC now owns 31,349 shares of the real estate investment trust’s stock valued at $3,420,000 after acquiring an additional 146 shares in the last quarter. Finally, MML Investors Services LLC boosted its holdings in shares of Camden Property Trust by 1.6% in the third quarter. MML Investors Services LLC now owns 9,294 shares of the real estate investment trust’s stock valued at $1,148,000 after purchasing an additional 147 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

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.