Camden Property Trust (NYSE:CPT) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of Camden Property Trust (NYSE:CPT) in a research report report published on Friday morning, MarketBeat reports. The firm issued a hold rating and a $123.00 target price on the real estate investment trust’s stock.

A number of other analysts have also recently commented on the company. Wells Fargo & Company raised Camden Property Trust from an underweight rating to an equal weight rating and lifted their price target for the stock from $104.00 to $127.00 in a research report on Monday, August 26th. Scotiabank boosted their target price on shares of Camden Property Trust from $125.00 to $132.00 and gave the company a sector perform rating in a research report on Monday, September 16th. UBS Group lifted their price objective on Camden Property Trust from $109.00 to $117.00 and gave the company a neutral rating in a research note on Thursday, July 18th. Truist Financial upped their target price on Camden Property Trust from $122.00 to $133.00 and gave the stock a buy rating in a research note on Monday, August 26th. Finally, BNP Paribas began coverage on Camden Property Trust in a research report on Wednesday, September 11th. They set a neutral rating and a $129.00 price target for the company. Fifteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Hold and an average price target of $121.76.

Camden Property Trust Trading Up 0.4 %

Shares of CPT opened at $119.32 on Friday. Camden Property Trust has a twelve month low of $82.81 and a twelve month high of $127.69. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.72. The company’s fifty day simple moving average is $122.23 and its 200-day simple moving average is $111.09. The company has a market cap of $12.71 billion, a P/E ratio of 29.25, a P/E/G ratio of 4.51 and a beta of 0.90.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.27). The business had revenue of $387.15 million for the quarter, compared to the consensus estimate of $384.76 million. Camden Property Trust had a return on equity of 7.98% and a net margin of 25.64%. During the same quarter last year, the business posted $1.70 earnings per share. As a group, analysts expect that Camden Property Trust will post 6.77 EPS for the current year.

Camden Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.12 annualized dividend and a yield of 3.45%. Camden Property Trust’s dividend payout ratio is currently 100.98%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Kings Path Partners LLC purchased a new stake in Camden Property Trust during the 2nd quarter worth approximately $33,000. Federated Hermes Inc. bought a new stake in shares of Camden Property Trust in the second quarter worth $33,000. Family Firm Inc. acquired a new stake in Camden Property Trust in the second quarter valued at $39,000. Versant Capital Management Inc boosted its stake in Camden Property Trust by 2,187.5% during the 2nd quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 350 shares during the last quarter. Finally, Quarry LP grew its holdings in Camden Property Trust by 1,081.5% during the 4th quarter. Quarry LP now owns 638 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 584 shares in the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

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 58,250 apartment homes across the United States.