Camden Property Trust (NYSE:CPT) Price Target Lowered to $110.00 at Evercore ISI

Camden Property Trust (NYSE:CPT) had its target price reduced by Evercore ISI from $111.00 to $110.00 in a report issued on Monday morning, Benzinga reports. Evercore ISI currently has an in-line rating on the real estate investment trust’s stock.

A number of other research analysts also recently weighed in on the stock. UBS Group raised their target price on shares of Camden Property Trust from $109.00 to $117.00 and gave the company a neutral rating in a research report on Thursday, July 18th. Truist Financial increased their price objective on shares of Camden Property Trust from $114.00 to $122.00 and gave the stock a buy rating in a research note on Monday, June 24th. Mizuho lowered 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. Bank of America upgraded Camden Property Trust from an underperform rating to a buy rating and upped their target price for the stock from $111.00 to $147.00 in a report on Monday. Finally, JPMorgan Chase & Co. boosted their price target on Camden Property Trust from $104.00 to $112.00 and gave the stock a neutral rating in a research report on Monday, June 17th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Hold and an average price target of $113.03.

Camden Property Trust Stock Up 0.9 %

CPT stock opened at $120.60 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a market capitalization of $12.85 billion, a P/E ratio of 29.31, a P/E/G ratio of 4.50 and a beta of 0.88. Camden Property Trust has a fifty-two week low of $82.81 and a fifty-two week high of $121.29. The business has a 50-day moving average of $110.84 and a 200-day moving average of $103.03.

Camden Property Trust (NYSE:CPT) last released its earnings results 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 firm had revenue of $387.15 million during the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm posted $1.70 EPS. On average, sell-side analysts anticipate that Camden Property Trust will post 6.73 earnings per share for the current fiscal year.

Camden Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th were given a $1.03 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.42%. Camden Property Trust’s payout ratio is 100.98%.

Hedge Funds Weigh In On Camden Property Trust

A number of hedge funds have recently added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ increased its position in shares of Camden Property Trust by 2.4% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 21,026 shares of the real estate investment trust’s stock worth $2,294,000 after purchasing an additional 500 shares during the period. Herr Investment Group LLC acquired a new position in shares of Camden Property Trust in the 2nd quarter valued at approximately $2,678,000. Waters Parkerson & CO. LLC lifted its holdings in shares of Camden Property Trust by 30.7% during the 2nd quarter. Waters Parkerson & CO. LLC now owns 22,644 shares of the real estate investment trust’s stock worth $2,471,000 after acquiring an additional 5,315 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of Camden Property Trust by 2,307.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 93,900 shares of the real estate investment trust’s stock worth $10,245,000 after acquiring an additional 90,000 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in Camden Property Trust in the second quarter valued at approximately $1,525,000. Institutional investors own 97.22% of the company’s stock.

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.