Camden Property Trust (NYSE:CPT) Given Average Rating of “Hold” by Brokerages

Camden Property Trust (NYSE:CPT) has received a consensus recommendation of “Hold” from the nineteen ratings firms that are currently covering the stock, Marketbeat.com reports. Fifteen analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $122.50.

CPT has been the topic of a number of research reports. Jefferies Financial Group initiated coverage on Camden Property Trust in a report on Friday, October 11th. They issued a “hold” rating and a $123.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Royal Bank of Canada dropped their target price on Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating on the stock in a report on Monday, November 4th. StockNews.com downgraded Camden Property Trust from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Finally, The Goldman Sachs Group initiated coverage on Camden Property Trust in a report on Wednesday, September 4th. They set a “neutral” rating and a $139.00 target price on the stock.

Institutional Trading of Camden Property Trust

Hedge funds have recently added to or reduced their stakes in the business. Kings Path Partners LLC bought a new stake in Camden Property Trust during the 2nd quarter valued at $33,000. Federated Hermes Inc. bought a new stake in shares of Camden Property Trust in the 2nd quarter worth $33,000. Neo Ivy Capital Management bought a new stake in shares of Camden Property Trust in the 3rd quarter worth $38,000. Family Firm Inc. bought a new stake in shares of Camden Property Trust in the 2nd quarter worth $39,000. Finally, Versant Capital Management Inc raised its stake in shares of Camden Property Trust by 2,187.5% in the 2nd quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 350 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Performance

Camden Property Trust stock opened at $119.89 on Tuesday. The stock’s 50-day moving average is $121.10 and its 200-day moving average is $115.00. The company has a market cap of $12.79 billion, a price-to-earnings ratio of 37.94, a price-to-earnings-growth ratio of 4.37 and a beta of 0.91. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. Camden Property Trust has a 12 month low of $86.50 and a 12 month high of $127.69.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were given a dividend of $1.03 per share. The ex-dividend date was Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.44%. Camden Property Trust’s dividend payout ratio is currently 130.38%.

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.