Camden Property Trust (NYSE:CPT) Given Consensus Recommendation of “Hold” by Analysts

Shares of Camden Property Trust (NYSE:CPT) have earned an average rating of “Hold” from the eighteen brokerages that are currently covering the firm, MarketBeat.com reports. Thirteen analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $121.69.

Several analysts have recently weighed in on CPT shares. UBS Group upped their price objective on Camden Property Trust from $109.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. BNP Paribas started coverage on shares of Camden Property Trust in a research report on Wednesday, September 11th. They set a “neutral” rating and a $129.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on shares of Camden Property Trust from $112.00 to $129.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Evercore ISI raised their target price on shares of Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Finally, Royal Bank of Canada cut Camden Property Trust from an “outperform” rating to a “sector perform” rating and set a $122.00 price target on the stock. in a report on Monday, September 9th.

Institutional Investors Weigh In On Camden Property Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Camden Property Trust by 1.7% during the first quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust’s stock worth $1,701,521,000 after buying an additional 289,425 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Camden Property Trust by 5.0% during the 2nd 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 acquiring an additional 206,654 shares during the last quarter. Centersquare Investment Management LLC raised its stake in shares of Camden Property Trust by 64.2% in the 1st 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 acquiring an additional 898,398 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Camden Property Trust by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,597,441 shares of the real estate investment trust’s stock worth $174,299,000 after purchasing an additional 54,475 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Camden Property Trust by 0.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,472,881 shares of the real estate investment trust’s stock worth $144,933,000 after purchasing an additional 7,722 shares during the period. 97.22% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Stock Performance

Shares of CPT opened at $120.84 on Monday. The firm has a market capitalization of $12.87 billion, a PE ratio of 29.62, a P/E/G ratio of 4.76 and a beta of 0.90. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average price of $121.66 and a 200 day moving average price of $110.35. Camden Property Trust has a 52-week low of $82.81 and a 52-week high of $127.69.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.27). Camden Property Trust had a net margin of 25.64% and a return on equity of 7.98%. The company had revenue of $387.15 million during the quarter, compared to the consensus estimate of $384.76 million. During the same quarter last year, the business earned $1.70 earnings per share. On average, sell-side analysts anticipate that Camden Property Trust will post 6.77 earnings per share for the current fiscal year.

Camden Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.12 annualized dividend and a dividend yield of 3.41%. Camden Property Trust’s dividend payout ratio is 100.98%.

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.