Camden Property Trust (NYSE:CPT) Stock Has Consensus Target Price of $108.73

Key Points

• Analyst sentiment is mostly neutral: Fourteen firms give Camden Property Trust a consensus “Hold” rating, with an average 12-month price target of $108.73.
• Quarterly results were mixed: EPS of $1.71 beat estimates by $0.02, while revenue of $381.06 million missed forecasts and fell 3.7% year over year.
• The REIT declared a quarterly dividend of $1.06 per share, equivalent to an annualized $4.24 and a 4.3% yield.

Shares of Camden Property Trust (NYSE:CPT - Get Free Report) have earned an average rating of "Hold" from the fourteen research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $108.73.

CPT has been the subject of several research reports. Truist Financial cut their price target on Camden Property Trust from $123.00 to $108.00 and set a "buy" rating for the company in a research note on Friday, September 25th. Deutsche Bank reiterated a "hold" rating and set a $114.00 target price on shares of Camden Property Trust in a research report on Monday, July 20th. Cantor Fitzgerald reduced their target price on shares of Camden Property Trust from $111.00 to $101.00 and set a "neutral" rating for the company in a research note on Monday, November 9th. Jefferies Financial Group upgraded shares of Camden Property Trust to a "hold" rating in a research note on Wednesday, July 22nd. Finally, Mizuho cut their price objective on shares of Camden Property Trust from $125.00 to $116.00 and set an "outperform" rating for the company in a report on Tuesday, September 8th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CPT. Kings Path Partners LLC purchased a new position in Camden Property Trust during the third quarter valued at approximately $29,000. James T. Borello RIA grew its position in shares of Camden Property Trust by 76.3% during the 3rd quarter. James T. Borello RIA now owns 409 shares of the real estate investment trust's stock valued at $40,000 after purchasing an additional 177 shares in the last quarter. IAG Wealth Partners LLC grew its position in shares of Camden Property Trust by 87.2% during the 3rd quarter. IAG Wealth Partners LLC now owns 468 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 218 shares in the last quarter. Western Wealth Management LLC bought a new position in shares of Camden Property Trust in the first quarter worth $55,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Camden Property Trust in the second quarter worth $55,000. Hedge funds and other institutional investors own 97.22% of the company's stock.

Camden Property Trust Stock Performance

Shares of NYSE:CPT traded up $0.79 during mid-day trading on Friday, reaching $99.19. The company had a trading volume of 636,117 shares, compared to its average volume of 980,184. The company has a current ratio of 1.82, a quick ratio of 0.18 and a debt-to-equity ratio of 0.91. The firm has a market cap of $9.93 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 10.48 and a beta of 0.75. The company's 50-day moving average price is $99.90 and its 200-day moving average price is $105.62. Camden Property Trust has a one year low of $95.30 and a one year high of $119.81.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The real estate investment trust reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.02. Camden Property Trust had a return on equity of 26.22% and a net margin of 71.94%. The business had revenue of $381.06 million during the quarter, compared to analyst estimates of $384.88 million. During the same period in the prior year, the company earned $1.70 earnings per share. Camden Property Trust's revenue was down 3.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Wednesday, September 30th were given a $1.06 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $4.24 annualized dividend and a dividend yield of 4.3%. Camden Property Trust's payout ratio is 39.52%.

Camden Property Trust Company Profile

Camden Property Trust is a real estate investment trust that owns, develops, acquires and manages apartment communities. Its residential properties serve renters in markets across the United States, with a focus on major metropolitan areas. Founded in 1982 and headquartered in Houston, Texas, Camden has grown into a multifamily housing operator. Its services include leasing apartments and managing the day-to-day operations of its communities.

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