Camden Property Trust (NYSE:CPT) Receives $122.50 Average Price Target from Analysts

Shares of Camden Property Trust (NYSE:CPT) have earned an average recommendation of “Hold” from the eighteen brokerages that are currently covering the stock, Marketbeat.com reports. Fourteen equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $123.75.

Several research analysts have recently commented on the company. Jefferies Financial Group started coverage on Camden Property Trust in a research report on Friday, October 11th. They set a “hold” rating and a $123.00 price target for the company. Scotiabank lowered their target price on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. Wells Fargo & Company upgraded shares of Camden Property Trust from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $104.00 to $127.00 in a report on Monday, August 26th. Truist Financial upped their price target on Camden Property Trust from $122.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Finally, Evercore ISI lifted their price objective on Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a research note on Monday, September 16th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Kings Path Partners LLC purchased a new stake in Camden Property Trust in the second quarter valued at approximately $33,000. Federated Hermes Inc. acquired a new position in shares of Camden Property Trust in the 2nd quarter valued at $33,000. Neo Ivy Capital Management acquired a new position in shares of Camden Property Trust in the 3rd quarter valued at $38,000. Family Firm Inc. purchased a new stake in Camden Property Trust in the 2nd quarter valued at $39,000. Finally, American Capital Advisory LLC boosted its stake in Camden Property Trust by 42.7% during the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 128 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Performance

NYSE:CPT opened at $120.35 on Friday. Camden Property Trust has a fifty-two week low of $90.50 and a fifty-two week high of $127.69. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. The company has a 50 day moving average price of $120.62 and a 200 day moving average price of $117.64. The stock has a market capitalization of $12.84 billion, a P/E ratio of 38.09, a PEG ratio of 4.40 and a beta of 0.92.

Camden Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Wednesday, December 18th will be paid a dividend of $1.03 per share. The ex-dividend date is Wednesday, December 18th. This represents a $4.12 annualized dividend and a yield of 3.42%. Camden Property Trust’s dividend payout ratio is currently 130.38%.

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.