Camden Property Trust (NYSE:CPT) Given Consensus Recommendation of “Hold” by Analysts

Shares of Camden Property Trust (NYSE:CPT) have earned an average rating of “Hold” from the nineteen brokerages that are covering the company, Marketbeat.com reports. Fifteen equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $122.50.

Several analysts recently issued reports on CPT shares. Royal Bank of Canada reduced their price target on Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a research note on Monday, November 4th. Truist Financial upped their price target on shares of Camden Property Trust from $122.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Wedbush boosted their price objective on shares of Camden Property Trust from $118.00 to $131.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Scotiabank lowered their target price on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Finally, Evercore ISI boosted their price target 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.

Camden Property Trust Trading Up 0.7 %

Shares of CPT stock opened at $122.90 on Tuesday. Camden Property Trust has a 12-month low of $87.61 and a 12-month high of $127.69. The company has a market capitalization of $13.11 billion, a PE ratio of 38.89, a price-to-earnings-growth ratio of 4.45 and a beta of 0.91. The firm has a 50 day moving average price of $120.92 and a two-hundred day moving average price of $115.45. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72.

Camden Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were given a dividend of $1.03 per share. The ex-dividend date was Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.35%. Camden Property Trust’s dividend payout ratio is currently 130.38%.

Institutional Trading of Camden Property Trust

A number of hedge funds have recently made changes to their positions in CPT. 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 valued at $1,701,521,000 after buying an additional 289,425 shares during the last quarter. State Street Corp raised its stake in shares of Camden Property Trust by 0.5% during the third quarter. State Street Corp now owns 7,118,930 shares of the real estate investment trust’s stock valued at $886,693,000 after acquiring an additional 36,528 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Camden Property Trust by 5.0% in the second quarter. Victory Capital Management Inc. now owns 4,314,030 shares of the real estate investment trust’s stock worth $470,704,000 after purchasing an additional 206,654 shares during the last quarter. FMR LLC grew its stake in shares of Camden Property Trust by 14.5% in the third quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust’s stock worth $407,324,000 after purchasing an additional 416,701 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Camden Property Trust by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,739,831 shares of the real estate investment trust’s stock valued at $337,394,000 after purchasing an additional 20,097 shares during the period. 97.22% of the stock is 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.