Camden Property Trust (NYSE:CPT) Receives $104.24 Average Price Target from Analysts

Camden Property Trust (NYSE:CPT - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seventeen ratings firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $104.24.

A number of analysts have recently commented on CPT shares. BMO Capital Markets reiterated a "market perform" rating and issued a $100.00 price target on shares of Camden Property Trust in a research note on Friday, December 15th. Piper Sandler reissued an "underweight" rating and issued a $90.00 price objective on shares of Camden Property Trust in a report on Tuesday, March 26th. Mizuho dropped their price objective on shares of Camden Property Trust from $103.00 to $99.00 and set a "buy" rating on the stock in a report on Wednesday, February 28th. Royal Bank of Canada reissued an "outperform" rating and issued a $103.00 price objective on shares of Camden Property Trust in a report on Monday, February 5th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Camden Property Trust in a report on Tuesday, January 30th. They issued a "hold" rating and a $90.00 price objective on the stock.

Institutional Trading of Camden Property Trust

A number of hedge funds have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale lifted its position in shares of Camden Property Trust by 0.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 97,859 shares of the real estate investment trust's stock valued at $9,272,000 after buying an additional 317 shares during the last quarter. MBB Public Markets I LLC lifted its position in shares of Camden Property Trust by 201.2% during the third quarter. MBB Public Markets I LLC now owns 235,013 shares of the real estate investment trust's stock valued at $22,228,000 after buying an additional 156,985 shares during the last quarter. Bank of Nova Scotia increased its holdings in shares of Camden Property Trust by 13.8% during the third quarter. Bank of Nova Scotia now owns 10,519 shares of the real estate investment trust's stock valued at $995,000 after acquiring an additional 1,277 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Camden Property Trust by 8.7% during the fourth quarter. Nordea Investment Management AB now owns 61,057 shares of the real estate investment trust's stock valued at $6,084,000 after acquiring an additional 4,885 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Camden Property Trust by 205.2% during the fourth quarter. SG Americas Securities LLC now owns 27,664 shares of the real estate investment trust's stock valued at $2,747,000 after acquiring an additional 18,599 shares in the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Stock Performance

Shares of CPT stock traded up $5.50 during trading hours on Monday, reaching $102.12. The company had a trading volume of 1,804,970 shares, compared to its average volume of 1,153,111. The business has a fifty day moving average price of $96.35 and a 200-day moving average price of $94.90. Camden Property Trust has a one year low of $82.81 and a one year high of $114.04. The firm has a market cap of $11.12 billion, a PE ratio of 27.60, a price-to-earnings-growth ratio of 3.61 and a beta of 0.83. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.88 and a current ratio of 0.88.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 EPS for the quarter, topping analysts' consensus estimates of $1.72 by $0.31. Camden Property Trust had a net margin of 26.15% and a return on equity of 8.07%. The firm had revenue of $387.59 million during the quarter, compared to analyst estimates of $387.33 million. During the same period in the previous year, the business posted $1.74 earnings per share. The business's revenue for the quarter was up 3.1% on a year-over-year basis. Sell-side analysts predict that Camden Property Trust will post 6.75 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 17th. Investors of record on Friday, March 29th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This is a positive change from Camden Property Trust's previous quarterly dividend of $1.00. This represents a $4.12 dividend on an annualized basis and a yield of 4.03%. Camden Property Trust's dividend payout ratio is 111.35%.

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 58,634 apartment homes across the United States.