Brokerages Set Camden Property Trust (NYSE:CPT) Price Target at $112.67

Shares of Camden Property Trust (NYSE:CPT) have been assigned a consensus recommendation of “Buy” from the fifteen research firms that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $112.67.

Several research firms have weighed in on CPT. KeyCorp reaffirmed a “sector weight” rating on shares of Camden Property Trust in a research report on Monday, March 1st. Piper Sandler boosted their price objective on Camden Property Trust from $116.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, April 23rd. Colliers Securities began coverage on Camden Property Trust in a research report on Wednesday, April 28th. They set a “buy” rating and a $134.00 price objective for the company. Scotiabank reissued a “sector perform” rating and set a $108.00 price objective on shares of Camden Property Trust in a research report on Tuesday, March 9th. Finally, Robert W. Baird raised Camden Property Trust from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $103.00 to $109.00 in a research report on Tuesday, February 9th.

In related news, Director William F. Paulsen sold 5,500 shares of the stock in a transaction dated Tuesday, March 23rd. The stock was sold at an average price of $108.57, for a total transaction of $597,135.00. Following the transaction, the director now directly owns 2,463 shares in the company, valued at $267,407.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.20% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in CPT. First Trust Advisors LP grew its stake in shares of Camden Property Trust by 44.7% in the first quarter. First Trust Advisors LP now owns 37,445 shares of the real estate investment trust’s stock valued at $3,801,000 after buying an additional 11,574 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its stake in shares of Camden Property Trust by 97.1% in the third quarter. Schonfeld Strategic Advisors LLC now owns 10,958 shares of the real estate investment trust’s stock valued at $976,000 after buying an additional 5,397 shares in the last quarter. Brinker Capital Investments LLC acquired a new stake in Camden Property Trust during the 3rd quarter valued at approximately $268,000. Sei Investments Co. grew its stake in Camden Property Trust by 101.9% during the 3rd quarter. Sei Investments Co. now owns 136,179 shares of the real estate investment trust’s stock valued at $12,114,000 after purchasing an additional 68,732 shares in the last quarter. Finally, Perpetual Ltd acquired a new stake in Camden Property Trust during the 3rd quarter valued at approximately $2,291,000. Institutional investors own 94.56% of the company’s stock.

Shares of NYSE:CPT traded down $0.79 during midday trading on Thursday, reaching $119.20. 6,666 shares of the company’s stock were exchanged, compared to its average volume of 704,694. The firm’s 50 day simple moving average is $113.60 and its two-hundred day simple moving average is $103.06. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.27 and a quick ratio of 2.27. The stock has a market cap of $11.91 billion, a price-to-earnings ratio of 63.15, a P/E/G ratio of 4.56 and a beta of 0.72. Camden Property Trust has a fifty-two week low of $80.79 and a fifty-two week high of $121.42.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, April 29th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.92). Camden Property Trust had a return on equity of 5.22% and a net margin of 18.14%. Equities research analysts predict that Camden Property Trust will post 4.95 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 16th. Shareholders of record on Wednesday, March 31st were issued a $0.83 dividend. This is a positive change from Camden Property Trust’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Tuesday, March 30th. This represents a $3.32 annualized dividend and a yield of 2.79%. Camden Property Trust’s dividend payout ratio is 65.87%.

Camden Property Trust Company Profile

Camden Property Trust, an S&P 400 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 167 properties containing 56,850 apartment homes across the United States.

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Analyst Recommendations for Camden Property Trust (NYSE:CPT)

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