Camden Property Trust (NYSE:CPT) has earned a consensus rating of “Buy” from the twenty-one ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $110.07.
CPT has been the topic of a number of research analyst reports. BMO Capital Markets lowered Camden Property Trust from an “outperform” rating to a “market perform” rating in a research note on Sunday, April 19th. Cfra reduced their price objective on Camden Property Trust from $127.00 to $103.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Piper Sandler increased their target price on Camden Property Trust from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Bank of America upgraded Camden Property Trust from a “neutral” rating to a “buy” rating in a report on Monday, May 18th. Finally, Zacks Investment Research cut Camden Property Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st.
NYSE:CPT opened at $90.81 on Tuesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.25 and a current ratio of 0.25. Camden Property Trust has a 52-week low of $62.48 and a 52-week high of $120.73. The firm has a market cap of $8.84 billion, a price-to-earnings ratio of 45.63, a PEG ratio of 4.14 and a beta of 0.78. The business’s fifty day moving average is $91.43 and its 200 day moving average is $95.27.
Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.98). The business had revenue of $250.68 million during the quarter, compared to the consensus estimate of $250.73 million. Camden Property Trust had a return on equity of 5.39% and a net margin of 19.06%. Equities analysts predict that Camden Property Trust will post 4.98 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th were given a $0.83 dividend. The ex-dividend date was Monday, June 29th. This represents a $3.32 annualized dividend and a dividend yield of 3.66%. This is a positive change from Camden Property Trust’s previous quarterly dividend of $0.80. Camden Property Trust’s dividend payout ratio is currently 65.87%.
Large investors have recently made changes to their positions in the company. Archer Investment Corp purchased a new position in Camden Property Trust during the fourth quarter valued at $33,000. Guggenheim Capital LLC lifted its position in Camden Property Trust by 4.3% during the first quarter. Guggenheim Capital LLC now owns 82,532 shares of the real estate investment trust’s stock valued at $6,540,000 after purchasing an additional 3,379 shares in the last quarter. AXA purchased a new position in Camden Property Trust during the first quarter valued at $745,000. Strs Ohio lifted its position in Camden Property Trust by 1.0% during the second quarter. Strs Ohio now owns 124,976 shares of the real estate investment trust’s stock valued at $11,400,000 after purchasing an additional 1,237 shares in the last quarter. Finally, Manning & Napier Group LLC lifted its position in Camden Property Trust by 23.7% during the first quarter. Manning & Napier Group LLC now owns 97,400 shares of the real estate investment trust’s stock valued at $7,717,000 after purchasing an additional 18,665 shares in the last quarter. 91.73% of the stock is owned by hedge funds and other institutional investors.
Camden Property Trust Company Profile
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 161 properties containing 55,160 apartment homes across the United States.
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