Mizuho Issues Pessimistic Forecast for Camden Property Trust (NYSE:CPT) Stock Price

Camden Property Trust (NYSE:CPT) had its price objective reduced by Mizuho from $129.00 to $125.00 in a research note published on Monday,Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

Several other equities research analysts have also weighed in on CPT. Royal Bank of Canada reduced their target price on Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a report on Monday, November 4th. Jefferies Financial Group assumed coverage on shares of Camden Property Trust in a research note on Friday, October 11th. They issued a “hold” rating and a $123.00 price objective for the company. BNP Paribas initiated coverage on shares of Camden Property Trust in a research note on Wednesday, September 11th. They issued a “neutral” rating and a $129.00 target price on the stock. Stifel Nicolaus lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating and boosted their target price for the stock from $120.00 to $121.00 in a research report on Wednesday, November 13th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $126.75.

Camden Property Trust Price Performance

NYSE CPT opened at $113.50 on Monday. Camden Property Trust has a fifty-two week low of $90.50 and a fifty-two week high of $127.69. The stock’s 50-day moving average is $119.37 and its two-hundred day moving average is $118.52. The firm has a market cap of $12.11 billion, a P/E ratio of 35.92, a price-to-earnings-growth ratio of 4.40 and a beta of 0.94. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15.

Camden Property Trust Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Federated Hermes Inc. acquired a new position in shares of Camden Property Trust in the 2nd quarter worth approximately $33,000. Neo Ivy Capital Management acquired a new position in Camden Property Trust during the third quarter worth $38,000. American Capital Advisory LLC raised its stake in Camden Property Trust by 42.7% during the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 128 shares in the last quarter. Sentry Investment Management LLC bought a new position in shares of Camden Property Trust during the third quarter valued at $62,000. Finally, Versant Capital Management Inc boosted its stake in shares of Camden Property Trust by 77.7% in the 4th quarter. Versant Capital Management Inc now owns 716 shares of the real estate investment trust’s stock valued at $83,000 after purchasing an additional 313 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

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.