Camden Property Trust (NYSE:CPT) Stock Price Up 5.2%

Camden Property Trust (NYSE:CPT - Get Free Report)'s share price shot up 5.2% on Monday . The stock traded as high as $101.93 and last traded at $101.61. 529,717 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 1,132,807 shares. The stock had previously closed at $96.62.

Analyst Ratings Changes

Several research firms have recently commented on CPT. Morgan Stanley upped their target price on Camden Property Trust from $95.00 to $98.00 and gave the company an "equal weight" rating in a report on Monday, February 26th. Truist Financial restated a "buy" rating and issued a $113.00 target price (down previously from $121.00) on shares of Camden Property Trust in a report on Wednesday, March 13th. Piper Sandler reiterated an "underweight" rating and set a $90.00 price objective on shares of Camden Property Trust in a report on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft initiated coverage on Camden Property Trust in a report on Tuesday, January 30th. They set a "hold" rating and a $90.00 target price on the stock. Finally, Mizuho lowered their price target on Camden Property Trust from $103.00 to $99.00 and set a "buy" rating on the stock in a research report on Wednesday, February 28th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $104.24.

Camden Property Trust Stock Performance

The firm has a market cap of $11.12 billion, a price-to-earnings ratio of 27.60, a price-to-earnings-growth ratio of 3.61 and a beta of 0.83. The stock's 50 day moving average is $96.35 and its 200 day moving average is $94.90. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.74.

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, beating 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 business had revenue of $387.59 million for the quarter, compared to analyst estimates of $387.33 million. During the same quarter in the prior year, the business earned $1.74 EPS. Camden Property Trust's quarterly revenue was up 3.1% on a year-over-year basis. Analysts anticipate that Camden Property Trust will post 6.75 earnings per share for the current year.

Camden Property Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 17th. Investors of record on Friday, March 29th will be given a dividend of $1.03 per share. This is a positive change from Camden Property Trust's previous quarterly dividend of $1.00. The ex-dividend date is Wednesday, March 27th. This represents a $4.12 annualized dividend and a dividend yield of 4.03%. Camden Property Trust's dividend payout ratio (DPR) is currently 111.35%.

Hedge Funds Weigh In On Camden Property Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in CPT. Raymond James Financial Services Advisors Inc. raised its stake in shares of Camden Property Trust by 9.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 2,365 shares of the real estate investment trust's stock valued at $393,000 after acquiring an additional 207 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in Camden Property Trust in the first quarter worth $961,000. Natixis Advisors L.P. grew its holdings in Camden Property Trust by 14.3% in the first quarter. Natixis Advisors L.P. now owns 11,555 shares of the real estate investment trust's stock worth $1,920,000 after purchasing an additional 1,450 shares during the period. Prudential PLC acquired a new stake in Camden Property Trust in the first quarter worth $421,000. Finally, Cetera Investment Advisers grew its holdings in Camden Property Trust by 17.2% in the first quarter. Cetera Investment Advisers now owns 1,680 shares of the real estate investment trust's stock worth $279,000 after purchasing an additional 246 shares during the period. Institutional investors 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 58,634 apartment homes across the United States.