Barclays Reiterates "$137.00" Price Target for Camden Property Trust (NYSE:CPT)

Barclays set a $137.00 target price on Camden Property Trust (NYSE:CPT - Free Report) in a report released on Tuesday, Marketbeat Ratings reports. The firm currently has an overweight rating on the real estate investment trust's stock.

CPT has been the subject of a number of other research reports. Truist Financial set a $131.00 price target on Camden Property Trust and gave the company a "buy" rating in a research report on Monday, May 19th. Citigroup raised Camden Property Trust from a "neutral" rating to a "buy" rating and increased their price objective for the company from $125.00 to $138.00 in a research note on Friday, March 28th. Wall Street Zen lowered Camden Property Trust from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Scotiabank decreased their price objective on Camden Property Trust from $144.00 to $136.00 and set a "sector perform" rating on the stock in a research note on Friday, June 13th. Finally, Mizuho decreased their price target on Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating on the stock in a research note on Friday, May 23rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $129.28.

Camden Property Trust Price Performance

NYSE:CPT traded down $0.22 during trading hours on Tuesday, hitting $113.93. The company's stock had a trading volume of 652,283 shares, compared to its average volume of 987,318. The business's 50-day moving average is $115.58 and its two-hundred day moving average is $116.00. The company has a market capitalization of $12.17 billion, a PE ratio of 104.52, a PEG ratio of 3.78 and a beta of 0.77. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.19 and a current ratio of 0.19. Camden Property Trust has a 52-week low of $102.35 and a 52-week high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.68 by $0.04. Camden Property Trust had a return on equity of 2.47% and a net margin of 7.62%. The business had revenue of $390.57 million during the quarter, compared to analysts' expectations of $388.47 million. During the same quarter last year, the business posted $1.70 earnings per share. The business's revenue for the quarter was up 2.0% on a year-over-year basis. As a group, research analysts anticipate that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Monday, June 30th were issued a $1.05 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.69%. Camden Property Trust's dividend payout ratio (DPR) is 385.32%.

Insiders Place Their Bets

In other Camden Property Trust news, CEO Richard J. Campo sold 5,572 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $119.50, for a total transaction of $665,854.00. Following the completion of the transaction, the chief executive officer owned 289,720 shares in the company, valued at approximately $34,621,540. The trade was a 1.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven A. Webster sold 1,200 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $118.76, for a total value of $142,512.00. Following the completion of the sale, the director owned 117,374 shares of the company's stock, valued at approximately $13,939,336.24. This trade represents a 1.01% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.

Institutional Trading of Camden Property Trust

Several institutional investors have recently modified their holdings of the company. Truist Financial Corp lifted its holdings in shares of Camden Property Trust by 759.2% in the second quarter. Truist Financial Corp now owns 34,221 shares of the real estate investment trust's stock valued at $3,856,000 after buying an additional 30,238 shares during the period. Chicago Capital LLC lifted its holdings in shares of Camden Property Trust by 82.4% in the second quarter. Chicago Capital LLC now owns 6,001 shares of the real estate investment trust's stock valued at $676,000 after buying an additional 2,711 shares during the period. V Square Quantitative Management LLC lifted its holdings in shares of Camden Property Trust by 12.6% in the second quarter. V Square Quantitative Management LLC now owns 2,451 shares of the real estate investment trust's stock valued at $276,000 after buying an additional 275 shares during the period. First American Bank lifted its holdings in shares of Camden Property Trust by 8.6% in the second quarter. First American Bank now owns 11,754 shares of the real estate investment trust's stock valued at $1,325,000 after buying an additional 935 shares during the period. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Camden Property Trust by 2.5% in the second quarter. State of Alaska Department of Revenue now owns 64,599 shares of the real estate investment trust's stock valued at $7,278,000 after buying an additional 1,548 shares during the period. Institutional investors and hedge funds 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.