Camden Property Trust (NYSE:CPT) Price Target Raised to $132.00

Camden Property Trust (NYSE:CPT) had its price objective lifted by Scotiabank from $125.00 to $132.00 in a research report sent to investors on Monday, Benzinga reports. They currently have a sector perform rating on the real estate investment trust’s stock.

A number of other research analysts also recently issued reports on CPT. Royal Bank of Canada downgraded 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. JPMorgan Chase & Co. boosted their target price on Camden Property Trust from $112.00 to $129.00 and gave the stock a neutral rating in a research note on Monday. Wedbush boosted their target price on Camden Property Trust from $118.00 to $131.00 and gave the stock an outperform rating in a research note on Monday, August 5th. Piper Sandler boosted their target price 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. Finally, Wells Fargo & Company upgraded Camden Property Trust from an underweight rating to an equal weight rating and boosted their target price for the stock from $104.00 to $127.00 in a research note on Monday, August 26th. Fourteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $121.69.

Camden Property Trust Trading Up 1.0 %

Shares of NYSE:CPT opened at $125.25 on Monday. Camden Property Trust has a 12-month low of $82.81 and a 12-month high of $127.23. The business’s fifty day simple moving average is $118.67 and its 200-day simple moving average is $108.28. The company has a market capitalization of $13.34 billion, a PE ratio of 30.70, a P/E/G ratio of 4.60 and a beta of 0.90. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.72.

Camden Property Trust (NYSE:CPT) last announced its quarterly 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 quarter in the prior year, the business posted $1.70 earnings per share. As a group, equities research analysts predict that Camden Property Trust will post 6.77 earnings per share for the current fiscal year.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be issued a $1.03 dividend. The ex-dividend date is Monday, September 30th. This represents a $4.12 annualized dividend and a dividend yield of 3.29%. Camden Property Trust’s dividend payout ratio (DPR) is presently 100.98%.

Hedge Funds Weigh In On Camden Property Trust

Several institutional investors and hedge funds have recently modified their holdings of CPT. Norges Bank acquired a new position in shares of Camden Property Trust in the 4th quarter valued at about $376,933,000. Centersquare Investment Management LLC raised its holdings in Camden Property Trust by 2,517.6% in the 4th quarter. Centersquare Investment Management LLC now owns 1,398,343 shares of the real estate investment trust’s stock worth $138,841,000 after purchasing an additional 1,344,923 shares during the period. Duquesne Family Office LLC acquired a new position in Camden Property Trust in the 2nd quarter worth about $63,056,000. Vanguard Group Inc. raised its holdings in Camden Property Trust by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust’s stock worth $1,701,521,000 after purchasing an additional 289,425 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in Camden Property Trust by 23.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,465,159 shares of the real estate investment trust’s stock worth $145,478,000 after purchasing an additional 277,634 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

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.