Brokerages Set Camden Property Trust (NYSE:CPT) PT at $122.50

Camden Property Trust (NYSE:CPT) has received a consensus rating of “Hold” from the nineteen brokerages that are covering the firm, MarketBeat.com reports. Fifteen equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $122.50.

CPT has been the topic of a number of recent analyst reports. Truist Financial boosted their price target on shares of Camden Property Trust from $122.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Deutsche Bank Aktiengesellschaft increased their price target on Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Bank of America upgraded Camden Property Trust from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $111.00 to $147.00 in a research report on Monday, August 12th. Wedbush increased their target price on Camden Property Trust from $118.00 to $131.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, BNP Paribas assumed coverage on Camden Property Trust in a research note on Wednesday, September 11th. They issued a “neutral” rating and a $129.00 target price for the company.

Camden Property Trust Stock Up 1.2 %

Shares of NYSE:CPT opened at $122.01 on Tuesday. The company’s fifty day moving average is $121.00 and its 200-day moving average is $115.29. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. Camden Property Trust has a 52 week low of $87.61 and a 52 week high of $127.69. The company has a market capitalization of $13.02 billion, a PE ratio of 38.61, a P/E/G ratio of 4.41 and a beta of 0.91.

Camden Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were issued a $1.03 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.12 annualized dividend and a yield of 3.38%. Camden Property Trust’s dividend payout ratio is currently 130.38%.

Institutional Trading of Camden Property Trust

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Camden Property Trust by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust’s stock valued at $1,701,521,000 after purchasing an additional 289,425 shares during the period. State Street Corp increased its holdings in Camden Property Trust by 0.5% in the third quarter. State Street Corp now owns 7,118,930 shares of the real estate investment trust’s stock valued at $886,693,000 after purchasing an additional 36,528 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Camden Property Trust by 5.0% in the second quarter. Victory Capital Management Inc. now owns 4,314,030 shares of the real estate investment trust’s stock valued at $470,704,000 after buying an additional 206,654 shares during the period. FMR LLC boosted its holdings in Camden Property Trust by 14.5% during the third quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust’s stock worth $407,324,000 after buying an additional 416,701 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Camden Property Trust by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,739,831 shares of the real estate investment trust’s stock worth $337,394,000 after buying an additional 20,097 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

About Camden Property Trust

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.