Camden Property Trust (NYSE:CPT) Earns Overweight Rating from Analysts at Barclays

Barclays began coverage on shares of Camden Property Trust (NYSE:CPT) in a research note released on Tuesday, Marketbeat.com reports. The firm issued an overweight rating and a $138.00 price objective on the real estate investment trust’s stock.

A number of other equities analysts have also recently issued reports on CPT. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Jefferies Financial Group initiated coverage on Camden Property Trust in a research note on Friday, October 11th. They issued a “hold” rating and a $123.00 target price on the stock. Piper Sandler boosted their target price on Camden Property Trust from $110.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and cut their price target for the company from $129.00 to $128.00 in a research report on Tuesday. Finally, Wells Fargo & Company upgraded shares of Camden Property Trust from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $104.00 to $127.00 in a report on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $125.81.

Camden Property Trust Stock Performance

Camden Property Trust stock opened at $112.52 on Tuesday. Camden Property Trust has a 1 year low of $90.50 and a 1 year high of $127.69. The company’s 50-day moving average is $120.45 and its two-hundred day moving average is $117.72. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. The company has a market cap of $12.00 billion, a PE ratio of 35.61, a PEG ratio of 4.40 and a beta of 0.92.

Camden Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Wednesday, December 18th. Camden Property Trust’s dividend payout ratio (DPR) is currently 130.38%.

Institutional Investors Weigh In On Camden Property Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kings Path Partners LLC acquired a new stake in shares of Camden Property Trust in the second quarter valued at about $33,000. Federated Hermes Inc. bought a new stake in shares of Camden Property Trust during the 2nd quarter worth approximately $33,000. Neo Ivy Capital Management acquired a new stake in shares of Camden Property Trust in the 3rd quarter valued at approximately $38,000. Family Firm Inc. bought a new position in shares of Camden Property Trust in the second quarter valued at $39,000. Finally, American Capital Advisory LLC grew its stake 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 in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

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.