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

Shares of Camden Property Trust (NYSE:CPT) have received a consensus rating of “Hold” from the seventeen ratings firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $107.31.

CPT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on Camden Property Trust from $104.00 to $112.00 and gave the company a “neutral” rating in a research note on Monday, June 17th. Wedbush raised their target price on Camden Property Trust from $110.00 to $118.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Scotiabank raised their target price on Camden Property Trust from $104.00 to $108.00 and gave the company a “sector perform” rating in a report on Tuesday, May 14th. UBS Group raised their target price on Camden Property Trust from $105.00 to $109.00 and gave the company a “neutral” rating in a report on Tuesday, May 14th. Finally, Wells Fargo & Company raised their target price on Camden Property Trust from $92.00 to $104.00 and gave the company an “underweight” rating in a report on Friday, May 31st.

Institutional Investors Weigh In On Camden Property Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Camden Property Trust by 1.7% during the first quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust’s stock worth $1,701,521,000 after acquiring an additional 289,425 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Camden Property Trust by 41.6% during the third quarter. JPMorgan Chase & Co. now owns 4,044,988 shares of the real estate investment trust’s stock worth $382,575,000 after purchasing an additional 1,187,974 shares during the period. Norges Bank acquired a new stake in shares of Camden Property Trust during the fourth quarter worth $376,933,000. Victory Capital Management Inc. grew its stake in shares of Camden Property Trust by 2.4% during the fourth quarter. Victory Capital Management Inc. now owns 3,686,395 shares of the real estate investment trust’s stock worth $366,022,000 after purchasing an additional 87,337 shares during the period. Finally, Centersquare Investment Management LLC grew its stake in shares of Camden Property Trust by 64.2% during the first quarter. Centersquare Investment Management LLC now owns 2,296,741 shares of the real estate investment trust’s stock worth $228,939,000 after purchasing an additional 898,398 shares during the period. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Down 0.6 %

CPT opened at $109.09 on Friday. The business has a 50-day moving average of $105.14 and a 200-day moving average of $99.95. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.43 and a quick ratio of 0.43. Camden Property Trust has a fifty-two week low of $82.81 and a fifty-two week high of $114.04. The company has a market capitalization of $11.62 billion, a PE ratio of 26.74, a price-to-earnings-growth ratio of 4.25 and a beta of 0.86.

Camden Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th will be given a dividend of $1.03 per share. The ex-dividend date is Friday, June 28th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.78%. Camden Property Trust’s payout ratio is currently 100.98%.

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 58,634 apartment homes across the United States.