Camden Property Trust (NYSE:CPT) Receives Average Recommendation of “Hold” from Analysts

Camden Property Trust (NYSE:CPT) has earned a consensus rating of “Hold” from the nineteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Fifteen investment 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 brokers that have covered the stock in the last year is $122.50.

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. lifted their target price on shares of Camden Property Trust from $112.00 to $129.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Piper Sandler upped their price target on shares of Camden Property Trust from $110.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Stifel Nicolaus lowered Camden Property Trust from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $120.00 to $121.00 in a research note on Wednesday, November 13th. Finally, Truist Financial boosted their price objective on Camden Property Trust from $122.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, August 26th.

Institutional Trading of Camden Property Trust

Institutional investors have recently made changes to their positions in the business. Kings Path Partners LLC bought a new stake in Camden Property Trust in the second quarter valued at $33,000. Federated Hermes Inc. acquired a new stake in shares of Camden Property Trust in the 2nd quarter valued at $33,000. Neo Ivy Capital Management bought a new stake in shares of Camden Property Trust in the 3rd quarter worth about $38,000. Family Firm Inc. acquired a new stake in shares of Camden Property Trust during the 2nd quarter worth about $39,000. Finally, American Capital Advisory LLC increased its position 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 worth $53,000 after purchasing an additional 128 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Stock Down 0.6 %

Shares of CPT stock opened at $120.20 on Friday. The stock’s 50 day simple moving average is $120.61 and its 200 day simple moving average is $117.27. Camden Property Trust has a twelve month low of $90.50 and a twelve month 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 market capitalization of $12.82 billion, a price-to-earnings ratio of 38.04, a PEG ratio of 4.40 and a beta of 0.92.

Camden Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Wednesday, December 18th will be given a $1.03 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $4.12 annualized dividend and a yield of 3.43%. Camden Property Trust’s dividend payout ratio (DPR) 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.