Camden Property Trust (NYSE:CPT) Hits New 1-Year High at $127.38

Shares of Camden Property Trust (NYSE:CPT) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $127.38 and last traded at $127.07, with a volume of 1070998 shares trading hands. The stock had previously closed at $125.25.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Scotiabank raised their target price on Camden Property Trust from $125.00 to $132.00 and gave the company a “sector perform” rating in a research note on Monday. UBS Group raised their price target on Camden Property Trust from $109.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. Evercore ISI raised their price target on Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a report on Monday. Piper Sandler raised their price target on Camden Property Trust from $110.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Finally, BNP Paribas began coverage on Camden Property Trust in a report on Wednesday, September 11th. They set a “neutral” rating and a $129.00 price target on the stock. Fourteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $121.69.

Camden Property Trust Price Performance

The stock has a 50 day moving average of $118.67 and a two-hundred day moving average of $108.28. The stock has a market cap of $13.49 billion, a PE ratio of 30.70, a PEG ratio of 4.60 and a beta of 0.90. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.37 and a current ratio of 0.37.

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 analysts’ consensus estimates of $1.67 by ($1.27). The company had revenue of $387.15 million during the quarter, compared to analysts’ expectations of $384.76 million. Camden Property Trust had a return on equity of 7.98% and a net margin of 25.64%. During the same period in the prior year, the business posted $1.70 EPS. Equities analysts anticipate that Camden Property Trust will post 6.77 EPS for the current year.

Camden Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.25%. Camden Property Trust’s payout ratio is presently 100.98%.

Institutional Investors Weigh In On Camden Property Trust

A number of institutional investors have recently bought and sold shares of CPT. Private Advisor Group LLC acquired a new stake in Camden Property Trust during the 4th quarter worth about $219,000. Avantax Advisory Services Inc. boosted its position in Camden Property Trust by 9.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,424 shares of the real estate investment trust’s stock worth $340,000 after acquiring an additional 301 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its position in Camden Property Trust by 90.8% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,055 shares of the real estate investment trust’s stock worth $204,000 after acquiring an additional 978 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of Camden Property Trust by 9.8% during the 4th quarter. Corient Private Wealth LLC now owns 177,661 shares of the real estate investment trust’s stock valued at $17,640,000 after buying an additional 15,906 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Camden Property Trust by 23.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 119 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

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.