Analysts Set Camden Property Trust (NYSE:CPT) Price Target at $106.86

Shares of Camden Property Trust (NYSE:CPT) have earned an average recommendation of “Hold” from the seventeen brokerages that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $107.31.

A number of research analysts have weighed in on CPT shares. Wedbush upped their target price on Camden Property Trust from $110.00 to $118.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. Mizuho dropped their target price on Camden Property Trust from $111.00 to $108.00 and set a “buy” rating on the stock in a research report on Thursday, May 30th. JPMorgan Chase & Co. lifted their target price on Camden Property Trust from $104.00 to $112.00 and gave the company a “neutral” rating in a research report on Monday, June 17th. Wells Fargo & Company upped their price target on shares of Camden Property Trust from $92.00 to $104.00 and gave the stock an “underweight” rating in a research report on Friday, May 31st. Finally, Royal Bank of Canada upped their price target on Camden Property Trust from $107.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, May 6th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CPT. Swedbank AB acquired a new position in shares of Camden Property Trust during the 1st quarter worth $531,000. Woodson Capital Management LP acquired a new stake in Camden Property Trust during the first quarter worth about $11,997,000. Tidal Investments LLC raised its holdings in shares of Camden Property Trust by 34.1% during the 1st quarter. Tidal Investments LLC now owns 61,007 shares of the real estate investment trust’s stock valued at $5,992,000 after buying an additional 15,513 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in shares of Camden Property Trust by 2.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 530,676 shares of the real estate investment trust’s stock valued at $52,219,000 after purchasing an additional 13,366 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Camden Property Trust by 0.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,472,881 shares of the real estate investment trust’s stock worth $144,933,000 after acquiring an additional 7,722 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Performance

NYSE:CPT opened at $108.70 on Friday. Camden Property Trust has a 1-year low of $82.81 and a 1-year high of $114.04. The company has a market capitalization of $11.58 billion, a price-to-earnings ratio of 26.64, a PEG ratio of 4.30 and a beta of 0.86. The business has a 50 day moving average of $104.59 and a 200 day moving average of $99.78. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.43 and a quick ratio of 0.43.

Camden Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Friday, June 28th will be given a $1.03 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $4.12 dividend on an annualized basis and a yield of 3.79%. Camden Property Trust’s dividend payout ratio (DPR) is 100.98%.

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 58,634 apartment homes across the United States.