Camden Property Trust (NYSE:CPT) Cut to Hold at Stifel Nicolaus

Stifel Nicolaus downgraded shares of Camden Property Trust (NYSE:CPT) from a buy rating to a hold rating in a research report sent to investors on Wednesday, Marketbeat reports. Stifel Nicolaus currently has $121.00 price objective on the real estate investment trust’s stock, up from their previous price objective of $120.00.

Several other analysts have also recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Camden Property Trust in a research note on Friday, October 11th. They issued a “hold” rating and a $123.00 target price on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. 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. Wedbush boosted their price objective on Camden Property Trust from $118.00 to $131.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, The Goldman Sachs Group began coverage on shares of Camden Property Trust in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $139.00 target price on the stock. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Camden Property Trust presently has an average rating of “Hold” and an average target price of $122.50.

Camden Property Trust Trading Down 0.5 %

Shares of Camden Property Trust stock opened at $119.77 on Wednesday. The company’s 50-day moving average price is $121.10 and its 200-day moving average price is $114.78. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. Camden Property Trust has a 12-month low of $86.50 and a 12-month high of $127.69. The company has a market cap of $12.78 billion, a price-to-earnings ratio of 37.90, a PEG ratio of 4.49 and a beta of 0.91.

Camden Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were paid a $1.03 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.44%. Camden Property Trust’s dividend payout ratio (DPR) is currently 130.38%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. grew its holdings in Camden Property Trust by 11.5% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 9,087 shares of the real estate investment trust’s stock worth $894,000 after acquiring an additional 940 shares during the last quarter. US Bancorp DE increased its holdings in Camden Property Trust by 6.1% during the 1st quarter. US Bancorp DE now owns 6,859 shares of the real estate investment trust’s stock valued at $675,000 after purchasing an additional 393 shares during the period. ProShare Advisors LLC increased its holdings in Camden Property Trust by 9.3% during the 1st quarter. ProShare Advisors LLC now owns 31,203 shares of the real estate investment trust’s stock valued at $3,070,000 after purchasing an additional 2,643 shares during the period. William Blair Investment Management LLC lifted its holdings in Camden Property Trust by 3.8% in the 1st quarter. William Blair Investment Management LLC now owns 3,002 shares of the real estate investment trust’s stock worth $295,000 after buying an additional 109 shares during the period. Finally, Entropy Technologies LP purchased a new stake in Camden Property Trust in the 1st quarter worth approximately $983,000. 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 58,250 apartment homes across the United States.