Camden Property Trust (NYSE:CPT) Price Target Cut to $108.00 by Analysts at Evercore ISI

Camden Property Trust (NYSE:CPT) had its target price reduced by Evercore ISI from $115.00 to $108.00 in a research report sent to investors on Monday morning, MarketBeat reports. They currently have an in-line rating on the real estate investment trust’s stock.

A number of other brokerages have also issued reports on CPT. Royal Bank Of Canada decreased their price target on Camden Property Trust from $120.00 to $118.00 and set a “sector perform” rating for the company in a research note on Monday, August 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Camden Property Trust in a research note on Wednesday, October 8th. UBS Group decreased their price target on Camden Property Trust from $126.00 to $114.00 and set a “neutral” rating for the company in a research note on Tuesday, July 15th. Barclays decreased their price target on Camden Property Trust from $128.00 to $127.00 and set an “overweight” rating for the company in a research note on Tuesday, September 30th. Finally, Cantor Fitzgerald began coverage on Camden Property Trust in a research note on Wednesday, October 1st. They set a “neutral” rating and a $115.00 price target for the company. Six investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $121.17.

Camden Property Trust Price Performance

Shares of Camden Property Trust stock opened at $100.03 on Monday. The stock has a market cap of $10.69 billion, a price-to-earnings ratio of 69.95, a price-to-earnings-growth ratio of 3.31 and a beta of 0.80. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.18 and a current ratio of 0.18. The stock has a 50 day moving average price of $105.86 and a 200-day moving average price of $110.94. Camden Property Trust has a one year low of $97.17 and a one year high of $127.65.

Camden Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th were paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 4.2%. The ex-dividend date was Tuesday, September 30th. Camden Property Trust’s payout ratio is 293.71%.

Hedge Funds Weigh In On Camden Property Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arizona State Retirement System grew its stake in Camden Property Trust by 1.1% in the third quarter. Arizona State Retirement System now owns 31,550 shares of the real estate investment trust’s stock valued at $3,369,000 after purchasing an additional 347 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Camden Property Trust by 11.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,454 shares of the real estate investment trust’s stock valued at $2,184,000 after purchasing an additional 2,059 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in Camden Property Trust by 8.3% in the third quarter. Mutual of America Capital Management LLC now owns 54,175 shares of the real estate investment trust’s stock valued at $5,785,000 after purchasing an additional 4,129 shares during the last quarter. Y Intercept Hong Kong Ltd grew its stake in Camden Property Trust by 558.0% in the third quarter. Y Intercept Hong Kong Ltd now owns 46,671 shares of the real estate investment trust’s stock valued at $4,984,000 after purchasing an additional 39,578 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. grew its stake in Camden Property Trust by 7.6% in the third quarter. Resona Asset Management Co. Ltd. now owns 64,914 shares of the real estate investment trust’s stock valued at $6,920,000 after purchasing an additional 4,580 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.