Camden Property Trust (NYSE:CPT) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Camden Property Trust (NYSE:CPT) have received a consensus rating of “Hold” from the eighteen brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $125.81.

Several research firms have recently commented on CPT. Barclays initiated coverage on Camden Property Trust in a report on Tuesday. They set an “overweight” rating and a $138.00 price target on the stock. Piper Sandler boosted their target price on shares of Camden Property Trust from $110.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Stifel Nicolaus downgraded shares of Camden Property Trust from a “buy” rating to a “hold” rating and raised their price target for the stock from $120.00 to $121.00 in a report on Wednesday, November 13th. Scotiabank decreased their price objective on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Finally, Wells Fargo & Company upgraded Camden Property Trust from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $104.00 to $127.00 in a research report on Monday, August 26th.

Institutional Trading of Camden Property Trust

Several hedge funds have recently modified their holdings of the stock. Kings Path Partners LLC purchased a new stake in Camden Property Trust during the 2nd quarter worth about $33,000. Federated Hermes Inc. acquired a new position in shares of Camden Property Trust during the second quarter worth about $33,000. Neo Ivy Capital Management acquired a new stake in Camden Property Trust in the third quarter valued at approximately $38,000. Family Firm Inc. acquired a new position in Camden Property Trust during the 2nd quarter worth approximately $39,000. Finally, American Capital Advisory LLC grew its holdings in Camden Property Trust by 42.7% during the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 128 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Stock Performance

Shares of Camden Property Trust stock opened at $113.35 on Friday. The business’s 50 day moving average price is $120.59 and its 200 day moving average price is $117.75. The company has a market cap of $12.09 billion, a price-to-earnings ratio of 35.87, a PEG ratio of 4.40 and a beta of 0.92. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. Camden Property Trust has a one year low of $90.50 and a one year high of $127.69.

Camden Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th will be given a $1.03 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $4.12 annualized dividend and a yield of 3.63%. Camden Property Trust’s dividend payout ratio is presently 130.38%.

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 58,250 apartment homes across the United States.