Camden Property Trust (NYSE:CPT) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Camden Property Trust (NYSE:CPT) in a report published on Wednesday, Marketbeat.com reports. The brokerage issued a neutral rating and a $139.00 price target on the real estate investment trust’s stock.

Other research analysts also recently issued research reports about the company. Evercore ISI increased their price target on Camden Property Trust from $110.00 to $115.00 and gave the company an in-line rating in a research note on Wednesday, August 28th. Mizuho lowered their price objective on shares of 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. Royal Bank of Canada upped their price objective on shares of Camden Property Trust from $114.00 to $122.00 and gave the company an outperform rating in a research report on Monday, August 5th. UBS Group upped their price objective on shares of Camden Property Trust from $109.00 to $117.00 and gave the company a neutral rating in a research report on Thursday, July 18th. Finally, Morgan Stanley upped their price objective on shares of Camden Property Trust from $98.00 to $105.50 and gave the company an equal weight rating in a research report on Tuesday, May 14th. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Camden Property Trust has an average rating of Hold and a consensus target price of $118.21.

Camden Property Trust Stock Performance

CPT stock opened at $122.17 on Wednesday. The business’s fifty day moving average is $116.19 and its 200-day moving average is $106.63. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.72. The company has a market cap of $13.02 billion, a P/E ratio of 29.94, a price-to-earnings-growth ratio of 4.71 and a beta of 0.90. Camden Property Trust has a twelve month low of $82.81 and a twelve month high of $127.23.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.27). The company had revenue of $387.15 million during the quarter, compared to analyst estimates of $384.76 million. Camden Property Trust had a net margin of 25.64% and a return on equity of 7.98%. During the same period last year, the company earned $1.70 EPS. Equities research analysts forecast that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.37%. The ex-dividend date was Friday, June 28th. Camden Property Trust’s payout ratio is 100.98%.

Hedge Funds Weigh In On Camden Property Trust

Several hedge funds have recently modified their holdings of the stock. Security National Bank grew its holdings in shares of Camden Property Trust by 1.2% in the 2nd quarter. Security National Bank now owns 8,267 shares of the real estate investment trust’s stock valued at $902,000 after acquiring an additional 101 shares in the last quarter. William Blair Investment Management LLC grew its holdings in shares of Camden Property Trust by 3.8% in the 1st quarter. William Blair Investment Management LLC now owns 3,002 shares of the real estate investment trust’s stock valued at $295,000 after acquiring an additional 109 shares in the last quarter. ERn Financial LLC grew its holdings in shares of Camden Property Trust by 2.0% in the 1st quarter. ERn Financial LLC now owns 6,136 shares of the real estate investment trust’s stock valued at $604,000 after acquiring an additional 118 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Camden Property Trust by 23.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 119 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its stake in Camden Property Trust by 90.4% in the 1st quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 132 shares during the last quarter. Institutional investors own 97.22% of the company’s stock.

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.