Camden Property Trust (NYSE:CPT) Price Target Cut to $130.00 by Analysts at Scotiabank

Camden Property Trust (NYSE:CPT) had its target price trimmed by Scotiabank from $132.00 to $130.00 in a report released on Thursday,Benzinga reports. The firm currently has a sector perform rating on the real estate investment trust’s stock.

Other equities research analysts have also issued research reports about the company. BNP Paribas assumed coverage on Camden Property Trust in a research note on Wednesday, September 11th. They issued a “neutral” rating and a $129.00 price target for the company. Deutsche Bank Aktiengesellschaft increased their price target on Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Piper Sandler increased their price target on Camden Property Trust from $110.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. JPMorgan Chase & Co. increased their price target on Camden Property Trust from $112.00 to $129.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Finally, UBS Group increased their price target on Camden Property Trust from $109.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Camden Property Trust has a consensus rating of “Hold” and a consensus price target of $122.50.

Camden Property Trust Stock Performance

Shares of NYSE:CPT traded down $0.45 during midday trading on Thursday, hitting $119.90. The company had a trading volume of 401,085 shares, compared to its average volume of 987,866. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. The company has a market cap of $12.79 billion, a price-to-earnings ratio of 38.09, a PEG ratio of 4.49 and a beta of 0.91. Camden Property Trust has a 12-month low of $86.50 and a 12-month high of $127.69. The company has a fifty day moving average of $121.15 and a two-hundred day moving average of $114.64.

Camden Property Trust Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CPT. Kings Path Partners LLC bought a new position in shares of Camden Property Trust in the 2nd quarter valued at about $33,000. Federated Hermes Inc. purchased a new position in shares of Camden Property Trust during the second quarter valued at approximately $33,000. Family Firm Inc. purchased a new position in shares of Camden Property Trust during the second quarter valued at approximately $39,000. Versant Capital Management Inc boosted 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 period. Finally, American Capital Advisory LLC boosted its position in shares of Camden Property Trust by 42.7% during the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 128 shares during the period. Institutional investors 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.