Shares of Camden Property Trust (NYSE:CPT – Get Free Report) 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.
Check Out Our Latest Stock Report on Camden Property Trust
Institutional Inflows and Outflows
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.
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