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

Shares of Camden Property Trust (NYSE:CPT) have earned an average recommendation of “Hold” from the eighteen research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $125.81.

A number of brokerages have recently weighed in on CPT. Barclays initiated coverage on Camden Property Trust in a report on Tuesday. They issued an “overweight” rating and a $138.00 price objective on the stock. Evercore ISI raised their price target on shares of Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Truist Financial upped their price objective on shares of Camden Property Trust from $122.00 to $133.00 and gave the company a “buy” rating in a report on Monday, August 26th. Piper Sandler raised their target price 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. Finally, StockNews.com lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a report on Friday, November 1st.

Camden Property Trust Price Performance

NYSE CPT opened at $113.35 on Friday. 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 current ratio of 0.15 and a quick ratio of 0.15. The stock’s fifty day moving average price is $120.59 and its 200 day moving average price is $117.75. Camden Property Trust has a 1 year low of $90.50 and a 1 year high of $127.69.

Camden Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th will be paid a dividend of $1.03 per share. The ex-dividend date is Wednesday, December 18th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.63%. Camden Property Trust’s dividend payout ratio is currently 130.38%.

Institutional Inflows and Outflows

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

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.