Camden Property Trust (NYSE:CPT) Price Target Raised to $133.00 at Truist Financial

Camden Property Trust (NYSE:CPT) had its price objective boosted by Truist Financial from $122.00 to $133.00 in a research report report published on Monday morning, Benzinga reports. Truist Financial currently has a buy rating on the real estate investment trust’s stock.

A number of other equities research analysts have also weighed in on the company. JPMorgan Chase & Co. lifted their target price on Camden Property Trust from $104.00 to $112.00 and gave the company a neutral rating in a research report on Monday, June 17th. StockNews.com raised shares of Camden Property Trust from a sell rating to a hold rating in a research note on Tuesday, April 30th. Wedbush raised their target price on shares of Camden Property Trust from $118.00 to $131.00 and gave the company an outperform rating in a research report on Monday, August 5th. Wells Fargo & Company upgraded shares of Camden Property Trust from an underweight rating to an equal weight rating and boosted their price target for the company from $104.00 to $127.00 in a report on Monday. Finally, Scotiabank increased their price objective on shares of Camden Property Trust from $116.00 to $125.00 and gave the company a sector perform rating in a research note on Monday. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $116.62.

Camden Property Trust Trading Down 0.6 %

NYSE CPT opened at $123.95 on Monday. Camden Property Trust has a 12 month low of $82.81 and a 12 month high of $125.35. The company’s 50-day moving average price is $114.38 and its 200-day moving average price is $105.31. The stock has a market cap of $13.21 billion, a PE ratio of 30.38, a PEG ratio of 4.50 and a beta of 0.88. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.71.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $387.15 million during the quarter, compared to the consensus estimate of $384.76 million. During the same quarter in the prior year, the company earned $1.70 earnings per share. Equities research analysts forecast that Camden Property Trust will post 6.73 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 17th. Investors of record on Friday, June 28th were paid a dividend of $1.03 per share. The ex-dividend date was Friday, June 28th. This represents a $4.12 annualized dividend and a yield of 3.32%. Camden Property Trust’s dividend payout ratio (DPR) is 100.98%.

Institutional Investors Weigh In On Camden Property Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPT. Norges Bank acquired a new position in shares of Camden Property Trust during the fourth quarter valued at about $376,933,000. Centersquare Investment Management LLC increased its stake in Camden Property Trust by 2,517.6% during the 4th quarter. Centersquare Investment Management LLC now owns 1,398,343 shares of the real estate investment trust’s stock valued at $138,841,000 after purchasing an additional 1,344,923 shares in the last quarter. Duquesne Family Office LLC purchased a new position in shares of Camden Property Trust in the second quarter worth $63,056,000. BNP Paribas Financial Markets raised its holdings in shares of Camden Property Trust by 111.4% in the fourth quarter. BNP Paribas Financial Markets now owns 573,956 shares of the real estate investment trust’s stock worth $56,988,000 after buying an additional 302,439 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake 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 buying an additional 289,425 shares during the period. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

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.