Camden Property Trust (NYSE:CPT) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Camden Property Trust (NYSE:CPT) have been assigned an average recommendation of “Hold” from the nineteen analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $127.61.

Several brokerages recently weighed in on CPT. Wells Fargo & Company lowered their price objective on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Royal Bank of Canada upped their price target on Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a research report on Monday, February 10th. Evercore ISI boosted their target price on shares of Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. StockNews.com upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, March 18th. Finally, Citigroup raised shares of Camden Property Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $125.00 to $138.00 in a research report on Friday, March 28th.

Camden Property Trust Trading Up 1.8 %

NYSE:CPT opened at $112.16 on Friday. The stock has a market cap of $12.20 billion, a price-to-earnings ratio of 74.77, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. Camden Property Trust has a one year low of $94.88 and a one year high of $127.69. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. The business’s 50-day simple moving average is $118.31 and its 200 day simple moving average is $118.02.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. As a group, sell-side analysts predict that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, March 31st. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a dividend yield of 3.74%. Camden Property Trust’s dividend payout ratio (DPR) is 280.00%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CPT. Chicago Capital LLC bought a new position in shares of Camden Property Trust during the 1st quarter valued at about $402,000. QRG Capital Management Inc. grew its position in Camden Property Trust by 30.9% in the first quarter. QRG Capital Management Inc. now owns 19,320 shares of the real estate investment trust’s stock worth $2,363,000 after buying an additional 4,559 shares during the last quarter. Optas LLC bought a new position in shares of Camden Property Trust in the first quarter valued at $202,000. Azzad Asset Management Inc. ADV acquired a new stake in shares of Camden Property Trust during the 1st quarter valued at $2,338,000. Finally, Fifth Third Bancorp boosted its stake in shares of Camden Property Trust by 4.9% during the 1st quarter. Fifth Third Bancorp now owns 5,177 shares of the real estate investment trust’s stock worth $633,000 after acquiring an additional 244 shares in 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 58,250 apartment homes across the United States.