Camden Property Trust (NYSE:CPT) PT Lowered to $110.00 at Evercore ISI

Camden Property Trust (NYSE:CPT) had its price target cut by Evercore ISI from $111.00 to $110.00 in a research note issued to investors on Monday morning, Benzinga reports. They currently have an in-line rating on the real estate investment trust’s stock.

Several other analysts have also commented on the stock. Truist Financial increased their price target on shares of Camden Property Trust from $114.00 to $122.00 and gave the company a buy rating in a research report on Monday, June 24th. Mizuho dropped their price target on Camden Property Trust from $111.00 to $108.00 and set a buy rating for the company in a research report on Thursday, May 30th. UBS Group upped their price objective on Camden Property Trust from $109.00 to $117.00 and gave the company a neutral rating in a research report on Thursday, July 18th. Scotiabank increased their price objective on Camden Property Trust from $108.00 to $116.00 and gave the company a sector perform rating in a research note on Wednesday, August 7th. Finally, Morgan Stanley boosted their target price on shares of Camden Property Trust from $98.00 to $105.50 and gave the company an equal weight rating in a research note on Tuesday, May 14th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Hold and an average target price of $113.03.

Camden Property Trust Stock Performance

NYSE CPT opened at $119.80 on Monday. The business has a 50 day moving average price of $111.36 and a 200 day moving average price of $103.32. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market capitalization of $12.76 billion, a P/E ratio of 29.36, a PEG ratio of 4.50 and a beta of 0.88. Camden Property Trust has a 1-year low of $82.81 and a 1-year high of $121.29.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.27). Camden Property Trust had a return on equity of 7.95% and a net margin of 25.64%. The firm had revenue of $387.15 million for the quarter, compared to analyst estimates of $384.76 million. During the same period last year, the firm earned $1.70 EPS. Sell-side analysts expect that Camden Property Trust will post 6.73 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th were given a dividend of $1.03 per share. The ex-dividend date was Friday, June 28th. This represents a $4.12 annualized dividend and a dividend yield of 3.44%. Camden Property Trust’s dividend payout ratio is currently 100.98%.

Institutional Investors Weigh In On Camden Property Trust

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Camden Property Trust by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust’s stock valued at $1,701,521,000 after acquiring an additional 289,425 shares during the period. Victory Capital Management Inc. grew its stake in shares of Camden Property Trust by 5.0% in the second quarter. Victory Capital Management Inc. now owns 4,314,030 shares of the real estate investment trust’s stock worth $470,704,000 after purchasing an additional 206,654 shares in the last quarter. Norges Bank acquired a new position in shares of Camden Property Trust during the fourth quarter valued at $376,933,000. Centersquare Investment Management LLC increased its holdings 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 valued at $228,939,000 after purchasing an additional 898,398 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Camden Property Trust by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,597,441 shares of the real estate investment trust’s stock valued at $174,299,000 after purchasing an additional 54,475 shares in 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 58,634 apartment homes across the United States.