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

Shares of Camden Property Trust (NYSE:CPT) have been given an average rating of “Hold” by the eighteen ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $126.75.

CPT has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $129.00 to $128.00 in a research note on Tuesday, December 17th. BNP Paribas assumed coverage on Camden Property Trust in a research report on Wednesday, September 11th. They set a “neutral” rating and a $129.00 target price on the stock. Barclays assumed coverage on Camden Property Trust in a report on Tuesday, December 17th. They issued an “overweight” rating and a $138.00 price target on the stock. Finally, Mizuho decreased their price objective on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Monday.

Institutional Trading of Camden Property Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in CPT. Verdence Capital Advisors LLC grew its position in Camden Property Trust by 5.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust’s stock worth $294,000 after purchasing an additional 113 shares during the period. Doliver Advisors LP boosted its stake in shares of Camden Property Trust by 6.7% in the fourth quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust’s stock worth $209,000 after buying an additional 113 shares during the last quarter. American Capital Advisory LLC grew its holdings 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 during the period. ProShare Advisors LLC raised its position in Camden Property Trust by 0.5% during the second quarter. ProShare Advisors LLC now owns 31,349 shares of the real estate investment trust’s stock valued at $3,420,000 after acquiring an additional 146 shares in the last quarter. Finally, MML Investors Services LLC boosted its position in Camden Property Trust by 1.6% in the 3rd quarter. MML Investors Services LLC now owns 9,294 shares of the real estate investment trust’s stock worth $1,148,000 after purchasing an additional 147 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Stock Performance

CPT stock opened at $110.34 on Wednesday. Camden Property Trust has a 1-year low of $90.50 and a 1-year high of $127.69. The business has a 50-day moving average price of $119.22 and a 200 day moving average price of $118.52. The company has a market capitalization of $11.77 billion, a P/E ratio of 34.92, a PEG 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Wednesday, December 18th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $4.12 dividend on an annualized basis and a yield of 3.73%. Camden Property Trust’s dividend payout ratio (DPR) is 130.38%.

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.