Camden Property Trust (NYSE:CPT) Earns Hold Rating from Analysts at Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of Camden Property Trust (NYSE:CPT) in a research report sent to investors on Friday, Marketbeat.com reports. The brokerage issued a hold rating and a $123.00 target price on the real estate investment trust’s stock.

Several other research firms have also recently issued reports on CPT. BNP Paribas assumed coverage on Camden Property Trust in a report on Wednesday, September 11th. They set a neutral rating and a $129.00 price objective on the stock. Wells Fargo & Company upgraded Camden Property Trust from an underweight rating to an equal weight rating and raised their price objective for the stock from $104.00 to $127.00 in a report on Monday, August 26th. Deutsche Bank Aktiengesellschaft raised their price objective on Camden Property Trust from $90.00 to $115.00 and gave the stock a hold rating in a report on Tuesday, September 10th. The Goldman Sachs Group assumed coverage on Camden Property Trust in a report on Wednesday, September 4th. They set a neutral rating and a $139.00 price objective on the stock. Finally, Wedbush raised 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. Fifteen investment 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.com, the company currently has an average rating of Hold and an average target price of $121.76.

Camden Property Trust Price Performance

CPT stock opened at $119.31 on Friday. Camden Property Trust has a 1 year low of $82.81 and a 1 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 stock’s 50 day moving average price is $122.23 and its 200 day moving average price is $111.30. The firm has a market cap of $12.71 billion, a P/E ratio of 29.24, a PEG ratio of 4.51 and a beta of 0.90.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $384.76 million. During the same period in the previous year, the company posted $1.70 EPS. On average, sell-side analysts expect that Camden Property Trust will post 6.77 earnings per share for the current fiscal year.

Camden Property Trust Dividend Announcement

The firm 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 $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date is Monday, September 30th. Camden Property Trust’s dividend payout ratio is presently 100.98%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Kings Path Partners LLC acquired a new position in shares of Camden Property Trust during the second quarter valued at about $33,000. Federated Hermes Inc. acquired a new position in shares of Camden Property Trust during the second quarter valued at about $33,000. Family Firm Inc. acquired a new position in shares of Camden Property Trust during the second quarter valued at about $39,000. Versant Capital Management Inc raised its position in shares of Camden Property Trust by 2,187.5% during the second quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 350 shares during the last quarter. Finally, Quarry LP raised its position in shares of Camden Property Trust by 1,081.5% during the fourth quarter. Quarry LP now owns 638 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 584 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

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 58,250 apartment homes across the United States.