Brokerages Set Camden Property Trust (NYSE:CPT) Price Target at $109.58

Camden Property Trust (NYSE:CPT) has been given a consensus rating of “Hold” by the eighteen ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $113.03.

Several equities analysts have recently weighed in on CPT shares. Scotiabank raised their price target on Camden Property Trust from $108.00 to $116.00 and gave the company a “sector perform” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. increased their price objective on Camden Property Trust from $104.00 to $112.00 and gave the company a “neutral” rating in a research report on Monday, June 17th. StockNews.com raised Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. Bank of America raised Camden Property Trust from an “underperform” rating to a “buy” rating and increased their price objective for the company from $111.00 to $147.00 in a research report on Monday. Finally, Morgan Stanley increased their price objective on Camden Property Trust from $98.00 to $105.50 and gave the company an “equal weight” rating in a research report on Tuesday, May 14th.

Institutional Trading of Camden Property Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Camden Property Trust by 16.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 191,374 shares of the real estate investment trust’s stock valued at $18,831,000 after purchasing an additional 27,465 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in Camden Property Trust by 3.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 160,309 shares of the real estate investment trust’s stock valued at $15,781,000 after purchasing an additional 5,926 shares during the period. Illinois Municipal Retirement Fund increased its stake in Camden Property Trust by 59.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 18,831 shares of the real estate investment trust’s stock worth $1,853,000 after acquiring an additional 7,018 shares during the last quarter. Pinebridge Investments L.P. bought a new stake in Camden Property Trust in the 4th quarter worth approximately $1,374,000. Finally, Twin Capital Management Inc. bought a new stake in Camden Property Trust in the 4th quarter worth approximately $811,000. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Price Performance

CPT opened at $119.80 on Friday. Camden Property Trust has a 12-month low of $82.81 and a 12-month high of $121.29. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.71. The stock has a fifty day simple moving average of $111.36 and a two-hundred day simple moving average of $103.32. The company has a market cap of $12.76 billion, a price-to-earnings ratio of 29.53, a price-to-earnings-growth ratio of 4.50 and a beta of 0.88.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share 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 7.95%. The company had revenue of $387.15 million for the quarter, compared to the consensus estimate of $384.76 million. During the same quarter in the previous year, the business earned $1.70 earnings per share. Research analysts predict that Camden Property Trust will post 6.73 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.44%. Camden Property Trust’s payout ratio is currently 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 58,634 apartment homes across the United States.