Camden Property Trust (NYSE:CPT) Price Target Raised to $116.00 at Scotiabank

Camden Property Trust (NYSE:CPT) had its price objective hoisted by Scotiabank from $108.00 to $116.00 in a report issued on Wednesday morning, Benzinga reports. Scotiabank currently has a sector perform rating on the real estate investment trust’s stock.

Several other research firms have also weighed in on CPT. Wells Fargo & Company lifted their target price on shares of Camden Property Trust from $92.00 to $104.00 and gave the company an underweight rating in a report on Friday, May 31st. StockNews.com raised shares of Camden Property Trust from a sell rating to a hold rating in a research note on Tuesday, April 30th. Royal Bank of Canada lifted their price target on shares of Camden Property Trust from $114.00 to $122.00 and gave the company an outperform rating in a research note on Monday, August 5th. Mizuho dropped their price target on shares of Camden Property Trust from $111.00 to $108.00 and set a buy rating on the stock in a research note on Thursday, May 30th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Camden Property Trust from $104.00 to $112.00 and gave the company a neutral rating in a research note on Monday, June 17th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $109.58.

Camden Property Trust Stock Up 0.5 %

Shares of NYSE:CPT traded up $0.54 during trading on Wednesday, reaching $119.33. The stock had a trading volume of 458,764 shares, compared to its average volume of 989,764. Camden Property Trust has a one year low of $82.81 and a one year high of $121.29. The company has a market capitalization of $12.71 billion, a P/E ratio of 29.25, a PEG ratio of 4.50 and a beta of 0.88. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.71. The firm’s 50-day simple moving average is $110.52 and its 200 day simple moving average is $102.83.

Camden Property Trust (NYSE:CPT) last announced 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). The company had revenue of $387.15 million during the quarter, compared to analysts’ expectations of $384.76 million. Camden Property Trust had a net margin of 25.64% and a return on equity of 7.95%. During the same period in the previous year, the business earned $1.70 earnings per share. As a group, research analysts expect that Camden Property Trust will post 6.73 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 17th. Investors of record on Friday, June 28th were issued a $1.03 dividend. The ex-dividend date was Friday, June 28th. This represents a $4.12 annualized dividend and a yield of 3.45%. Camden Property Trust’s dividend payout ratio (DPR) is currently 100.98%.

Institutional Trading of Camden Property Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Lindbrook Capital LLC raised its holdings in Camden Property Trust by 90.4% in the 1st 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 purchased a new stake in Camden Property Trust during the second quarter worth about $33,000. Federated Hermes Inc. acquired a new position in shares of Camden Property Trust during the second quarter worth about $33,000. Family Firm Inc. acquired a new position in shares of Camden Property Trust during the second quarter worth about $39,000. Finally, Versant Capital Management Inc grew its position in shares of Camden Property Trust by 2,187.5% during the second quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 350 shares in the last quarter. 97.22% of the stock is currently 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.