Evercore ISI Lowers Camden Property Trust (NYSE:CPT) Price Target to $150.00

Camden Property Trust (NYSE:CPTGet Rating) had its price target reduced by Evercore ISI from $158.00 to $150.00 in a report published on Monday, The Fly reports. Evercore ISI currently has an in-line rating on the real estate investment trust’s stock.

Several other research firms have also commented on CPT. Royal Bank of Canada raised their price target on shares of Camden Property Trust from $150.00 to $155.00 and gave the company an outperform rating in a report on Monday, August 1st. Robert W. Baird reduced their target price on shares of Camden Property Trust from $175.00 to $153.00 and set an outperform rating on the stock in a report on Friday, June 24th. Piper Sandler dropped their price objective on shares of Camden Property Trust from $160.00 to $155.00 and set an overweight rating on the stock in a research note on Wednesday, July 20th. Mizuho dropped their price target on shares of Camden Property Trust from $142.00 to $136.00 and set a neutral rating on the stock in a research note on Monday. Finally, Citigroup upped their price objective on shares of Camden Property Trust to $150.00 in a research report on Tuesday, August 9th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Camden Property Trust presently has an average rating of Moderate Buy and an average price target of $164.07.

Camden Property Trust Trading Up 0.3 %

Shares of CPT opened at $122.77 on Monday. Camden Property Trust has a twelve month low of $120.92 and a twelve month high of $180.37. The firm has a market capitalization of $13.08 billion, a P/E ratio of 16.13, a price-to-earnings-growth ratio of 3.41 and a beta of 0.78. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.72. The stock’s fifty day simple moving average is $135.11 and its 200 day simple moving average is $145.00.

Camden Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be issued a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 3.06%. The ex-dividend date is Thursday, September 29th. Camden Property Trust’s dividend payout ratio (DPR) is presently 49.41%.

Insider Activity at Camden Property Trust

In other Camden Property Trust news, Director Kelvin R. Westbrook sold 1,820 shares of Camden Property Trust stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $130.77, for a total value of $238,001.40. Following the completion of the transaction, the director now directly owns 24,932 shares in the company, valued at $3,260,357.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Camden Property Trust

A number of hedge funds have recently added to or reduced their stakes in the stock. Lloyd Advisory Services LLC. bought a new position in shares of Camden Property Trust in the first quarter worth $25,000. Allworth Financial LP boosted its stake in Camden Property Trust by 350.0% during the first quarter. Allworth Financial LP now owns 180 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 140 shares in the last quarter. Venture Visionary Partners LLC acquired a new position in Camden Property Trust during the second quarter worth about $32,000. Northwestern Mutual Wealth Management Co. raised its position in Camden Property Trust by 231.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 272 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 190 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. acquired a new stake in Camden Property Trust in the 2nd quarter valued at about $43,000. 94.08% of the stock is currently owned by institutional investors.

About Camden Property Trust

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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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