Camden Property Trust (NYSE:CPT) Downgraded by Stifel Nicolaus to “Hold”

Stifel Nicolaus lowered shares of Camden Property Trust (NYSE:CPT) from a buy rating to a hold rating in a report released on Wednesday morning, Marketbeat Ratings reports. They currently have $121.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $120.00.

Other research analysts have also issued reports about the stock. Wells Fargo & Company upgraded shares of Camden Property Trust from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $104.00 to $127.00 in a report on Monday, August 26th. StockNews.com lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Truist Financial upped their target price on shares of Camden Property Trust from $122.00 to $133.00 and gave the company a “buy” rating in a report on Monday, August 26th. Wedbush upped their target price 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. Finally, Jefferies Financial Group began coverage on shares of Camden Property Trust in a research note on Friday, October 11th. They set a “hold” rating and a $123.00 price objective for the company. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $122.50.

Camden Property Trust Price Performance

Camden Property Trust stock opened at $119.77 on Wednesday. Camden Property Trust has a 52 week low of $86.50 and a 52 week high of $127.69. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. The firm’s 50-day simple moving average is $121.10 and its 200 day simple moving average is $114.88. The firm has a market capitalization of $12.78 billion, a PE ratio of 37.90, a P/E/G ratio of 4.49 and a beta of 0.91.

Camden Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend was Monday, September 30th. Camden Property Trust’s dividend payout ratio (DPR) is 130.38%.

Institutional Trading of Camden Property Trust

Several large investors have recently bought and sold shares of CPT. Kings Path Partners LLC acquired a new stake in Camden Property Trust in the second quarter valued at approximately $33,000. Federated Hermes Inc. purchased a new position in shares of Camden Property Trust during the 2nd quarter valued at approximately $33,000. Family Firm Inc. purchased a new position in shares of Camden Property Trust during the 2nd quarter valued at approximately $39,000. Versant Capital Management Inc boosted its stake in shares of Camden Property Trust by 2,187.5% during the 2nd quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 350 shares during the last quarter. Finally, American Capital Advisory LLC boosted its stake in shares of 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 valued at $53,000 after buying an additional 128 shares during the last quarter. 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.