Camden Property Trust (NYSE:CPT) Share Price Crosses Below 50 Day Moving Average - Should You Sell?

Key Points

• Camden Property Trust shares fell below their 50-day moving average, trading as low as $99.03 versus the $101.40 average, signaling recent technical weakness.
• Analysts remain broadly cautious: the stock carries a consensus “Hold” rating and an average price target of $111.62, with several firms recently lowering their targets.
• The REIT maintains a quarterly dividend of $1.06, or $4.24 annualized, yielding approximately 4.3%; however, its payout ratio is elevated at 140.4%.

Camden Property Trust (NYSE:CPT - Get Free Report) shares crossed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $101.40 and traded as low as $99.03. Camden Property Trust shares last traded at $99.3190, with a volume of 768,610 shares.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Scotiabank dropped their target price on shares of Camden Property Trust from $109.00 to $102.00 and set a "sector underperform" rating on the stock in a report on Thursday, September 17th. UBS Group decreased their price target on shares of Camden Property Trust from $105.00 to $101.00 and set a "neutral" rating for the company in a research note on Wednesday, October 14th. JPMorgan Chase & Co. increased their price target on shares of Camden Property Trust from $113.00 to $114.00 and gave the stock a "neutral" rating in a research note on Thursday, August 13th. Barclays lowered their price target on shares of Camden Property Trust from $123.00 to $114.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 14th. Finally, Wells Fargo & Company dropped their price objective on shares of Camden Property Trust from $110.00 to $103.00 and set an "equal weight" rating on the stock in a research note on Monday, October 19th. Three investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $111.62.

Camden Property Trust Price Performance

The firm has a 50-day moving average of $101.40 and a 200 day moving average of $106.06. The company has a market capitalization of $9.99 billion, a PE ratio of 32.89, a PEG ratio of 7.60 and a beta of 0.79. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.18 and a quick ratio of 0.18.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $1.67 by ($1.49). The business had revenue of $396.07 million during the quarter, compared to analysts' expectations of $392.88 million. Camden Property Trust had a return on equity of 7.66% and a net margin of 20.80%. Camden Property Trust's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm posted $1.70 EPS. As a group, research analysts anticipate that Camden Property Trust will post 6.76 earnings per share 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 paid a $1.06 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 4.3%. Camden Property Trust's payout ratio is currently 140.40%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kings Path Partners LLC bought a new position in shares of Camden Property Trust in the third quarter worth about $29,000. James T. Borello RIA lifted 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 buying an additional 177 shares in the last quarter. Summit Securities Group LLC lifted its position in shares of Camden Property Trust by 169.6% during the 1st quarter. Summit Securities Group LLC now owns 426 shares of the real estate investment trust's stock valued at $42,000 after buying an additional 268 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Camden Property Trust during the 2nd quarter valued at approximately $55,000. Finally, Western Wealth Management LLC bought a new position in shares of Camden Property Trust during the 1st quarter valued at approximately $55,000. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Company Profile

Camden Property Trust NYSE: CPT is a real estate investment trust that owns, develops, acquires, and manages multifamily apartment communities. The company provides rental housing to individuals and families through a portfolio of communities offering a range of apartment layouts, amenities, and resident services.

Camden focuses primarily on high-growth markets in the Sun Belt, including metropolitan areas in Texas, Arizona, Colorado, Florida, Georgia, North Carolina, and Tennessee. Its communities are generally located in major urban and suburban markets and are managed through the company's in-house property management platform.

Founded in 1993 and headquartered in Houston, Texas, Camden Property Trust has expanded through apartment development, acquisitions, and ongoing property renovations.

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