Camden Property Trust (NYSE:CPT) Receives $121.76 Consensus Target Price from Analysts

Camden Property Trust (NYSE:CPT) has been given a consensus rating of “Hold” by the nineteen brokerages that are presently covering the stock, Marketbeat reports. Fourteen investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $121.76.

Several research firms have weighed in on CPT. Wells Fargo & Company raised shares of Camden Property Trust from an “underweight” rating to an “equal weight” rating and boosted their target price 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 stock a “sector perform” rating in a research report on Monday, September 16th. Royal Bank of Canada downgraded shares of Camden Property Trust from an “outperform” rating to a “sector perform” rating and set a $122.00 target price on the stock. in a research report on Monday, September 9th. Jefferies Financial Group began coverage on shares of Camden Property Trust in a research report on Friday, October 11th. They set a “hold” rating and a $123.00 target price on the stock. Finally, Bank of America raised shares of Camden Property Trust from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $111.00 to $147.00 in a research report on Monday, August 12th.

Institutional Investors Weigh In On Camden Property Trust

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Camden Property Trust by 1.7% in the first quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust’s stock valued at $1,701,521,000 after buying an additional 289,425 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Camden Property Trust by 5.0% in the second quarter. Victory Capital Management Inc. now owns 4,314,030 shares of the real estate investment trust’s stock valued at $470,704,000 after buying an additional 206,654 shares during the last quarter. Centersquare Investment Management LLC raised its position in shares of Camden Property Trust by 64.2% in the first quarter. Centersquare Investment Management LLC now owns 2,296,741 shares of the real estate investment trust’s stock valued at $228,939,000 after buying an additional 898,398 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Camden Property Trust by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,597,441 shares of the real estate investment trust’s stock valued at $174,299,000 after purchasing an additional 54,475 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Camden Property Trust by 0.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,472,881 shares of the real estate investment trust’s stock valued at $144,933,000 after purchasing an additional 7,722 shares during the period. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Trading Down 1.3 %

NYSE:CPT opened at $115.79 on Friday. Camden Property Trust has a one year low of $82.89 and a one year high of $127.69. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a market cap of $12.35 billion, a P/E ratio of 31.81, a P/E/G ratio of 4.51 and a beta of 0.90. The firm has a 50-day simple moving average of $122.31 and a 200-day simple moving average of $113.10.

Camden Property Trust (NYSE:CPT) last posted 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 firm 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 firm earned $1.70 EPS. Equities analysts anticipate that Camden Property Trust will post 6.77 EPS for the current fiscal year.

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend was Monday, September 30th. Camden Property Trust’s dividend payout ratio (DPR) is 113.19%.

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.