Camden Property Trust (NYSE:CPT) Price Target Raised to $129.00 at JPMorgan Chase & Co.

Camden Property Trust (NYSE:CPT) had its price target raised by JPMorgan Chase & Co. from $112.00 to $129.00 in a report published on Monday, Benzinga reports. The firm currently has a neutral rating on the real estate investment trust’s stock.

Several other research analysts have also recently weighed in on the company. UBS Group lifted their price target 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. Royal Bank of Canada lowered shares of Camden Property Trust from an outperform rating to a sector perform rating and set a $122.00 target price for the company. in a report on Monday, September 9th. Piper Sandler increased their price target on shares of Camden Property Trust from $110.00 to $128.00 and gave the stock a neutral rating in a report on Monday, August 26th. BNP Paribas began coverage on shares of Camden Property Trust in a report on Wednesday, September 11th. They issued a neutral rating and a $129.00 price objective for the company. Finally, Mizuho decreased 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. Fourteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Camden Property Trust currently has a consensus rating of Hold and an average target price of $121.69.

Camden Property Trust Stock Up 1.1 %

CPT stock opened at $126.67 on Monday. The company has a market capitalization of $13.49 billion, a P/E ratio of 31.05, a price-to-earnings-growth ratio of 4.60 and a beta of 0.90. Camden Property Trust has a 12 month low of $82.81 and a 12 month high of $127.38. The firm’s fifty day simple moving average is $119.02 and its 200-day simple moving average is $108.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.37 and a quick ratio of 0.37.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.27). The business had revenue of $387.15 million during the quarter, compared to analysts’ expectations 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 in the previous year, the company posted $1.70 earnings per share. As a group, equities research analysts forecast that Camden Property Trust will post 6.77 earnings per share for the current year.

Camden Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Monday, September 30th. Camden Property Trust’s payout ratio is 100.98%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Camden Property Trust in the fourth quarter valued at about $376,933,000. Centersquare Investment Management LLC lifted its stake in Camden Property Trust by 2,517.6% in the 4th quarter. Centersquare Investment Management LLC now owns 1,398,343 shares of the real estate investment trust’s stock worth $138,841,000 after purchasing an additional 1,344,923 shares in the last quarter. Duquesne Family Office LLC acquired a new position in shares of Camden Property Trust during the 2nd quarter worth approximately $63,056,000. Vanguard Group Inc. grew its position in shares of Camden Property Trust by 1.7% in the first 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 purchasing an additional 289,425 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Camden Property Trust by 23.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,465,159 shares of the real estate investment trust’s stock valued at $145,478,000 after purchasing an additional 277,634 shares during the last quarter. Hedge funds and other institutional investors 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 58,250 apartment homes across the United States.