Camden Property Trust (NYSE:CPT) had its price objective hoisted by BTIG Research to $93.00 in a research report report published on Thursday, March 15th, The Fly reports. They currently have a buy rating on the real estate investment trust’s stock.
A number of other equities research analysts also recently weighed in on CPT. BMO Capital Markets reaffirmed a buy rating and set a $97.00 price objective on shares of Camden Property Trust in a research report on Monday, November 27th. Royal Bank of Canada reissued a buy rating and set a $92.00 target price on shares of Camden Property Trust in a research note on Monday, February 12th. Sandler O’Neill set a $97.00 target price on shares of Camden Property Trust and gave the company a buy rating in a research note on Tuesday, February 6th. Stifel Nicolaus reissued a buy rating and set a $94.00 target price on shares of Camden Property Trust in a research note on Monday, February 5th. Finally, TheStreet lowered shares of Camden Property Trust from a b rating to a c+ rating in a research note on Thursday, January 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $90.64.
Camden Property Trust stock traded down $0.14 during midday trading on Thursday, hitting $84.89. 536,197 shares of the stock were exchanged, compared to its average volume of 515,775. Camden Property Trust has a 1 year low of $78.19 and a 1 year high of $96.39. The company has a market capitalization of $7,871.09, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 2.93 and a beta of 0.36. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.24 and a quick ratio of 2.24.
Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, February 1st. The real estate investment trust reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.18 by ($0.27). The firm had revenue of $229.80 million for the quarter, compared to analysts’ expectations of $228.99 million. Camden Property Trust had a return on equity of 6.01% and a net margin of 21.80%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the firm earned $1.15 EPS. analysts forecast that Camden Property Trust will post 4.73 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 17th. Stockholders of record on Friday, March 30th will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.63%. This is a positive change from Camden Property Trust’s previous quarterly dividend of $0.75. Camden Property Trust’s payout ratio is currently 67.99%.
Several hedge funds have recently added to or reduced their stakes in CPT. Cadence Capital Management LLC increased its stake in Camden Property Trust by 9.7% in the 3rd quarter. Cadence Capital Management LLC now owns 6,310 shares of the real estate investment trust’s stock valued at $577,000 after buying an additional 556 shares during the period. ING Groep NV grew its position in Camden Property Trust by 6.2% in the third quarter. ING Groep NV now owns 11,319 shares of the real estate investment trust’s stock worth $1,035,000 after acquiring an additional 658 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Camden Property Trust by 5.4% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,482 shares of the real estate investment trust’s stock worth $1,233,000 after acquiring an additional 691 shares in the last quarter. Global X Management Co. LLC grew its position in Camden Property Trust by 45.3% in the fourth quarter. Global X Management Co. LLC now owns 2,309 shares of the real estate investment trust’s stock worth $213,000 after acquiring an additional 720 shares in the last quarter. Finally, Advisor Group Inc. grew its position in Camden Property Trust by 14.5% in the fourth quarter. Advisor Group Inc. now owns 6,775 shares of the real estate investment trust’s stock worth $623,000 after acquiring an additional 859 shares in the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.
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About Camden Property Trust
Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 156 properties containing 53,391 apartment homes across the United States.
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