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

Shares of Camden Property Trust (NYSE:CPT) have been assigned a consensus rating of “Hold” from the seventeen ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $106.86.

CPT has been the subject of a number of recent analyst reports. StockNews.com raised Camden Property Trust from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th. JPMorgan Chase & Co. lifted their price target on Camden Property Trust from $104.00 to $112.00 and gave the stock a “neutral” rating in a report on Monday, June 17th. UBS Group lifted their price target on Camden Property Trust from $105.00 to $109.00 and gave the stock a “neutral” rating in a report on Tuesday, May 14th. Mizuho decreased their price target on Camden Property Trust from $111.00 to $108.00 and set a “buy” rating for the company in a report on Thursday, May 30th. Finally, Wedbush lifted their target price on Camden Property Trust from $110.00 to $118.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th.

Hedge Funds Weigh In On Camden Property Trust

Several institutional investors have recently added to or reduced their stakes in the stock. Swedbank AB acquired a new position in Camden Property Trust during the 1st quarter worth approximately $531,000. Woodson Capital Management LP acquired a new position in Camden Property Trust during the 1st quarter worth approximately $11,997,000. Tidal Investments LLC increased its position in Camden Property Trust by 34.1% during the 1st quarter. Tidal Investments LLC now owns 61,007 shares of the real estate investment trust’s stock worth $5,992,000 after purchasing an additional 15,513 shares during the period. Jacobs Levy Equity Management Inc. increased its position in Camden Property Trust by 2.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 530,676 shares of the real estate investment trust’s stock worth $52,219,000 after purchasing an additional 13,366 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in Camden Property Trust by 0.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,472,881 shares of the real estate investment trust’s stock worth $144,933,000 after purchasing an additional 7,722 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Stock Up 0.3 %

Shares of NYSE CPT opened at $109.70 on Friday. The company has a market capitalization of $11.69 billion, a price-to-earnings ratio of 26.89, a price-to-earnings-growth ratio of 4.29 and a beta of 0.86. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.43 and a quick ratio of 0.43. The business has a 50-day moving average of $103.74 and a two-hundred day moving average of $99.39. Camden Property Trust has a 1 year low of $82.81 and a 1 year high of $114.04.

Camden Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Friday, June 28th will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Friday, June 28th. Camden Property Trust’s dividend payout ratio (DPR) is presently 100.98%.

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 58,634 apartment homes across the United States.