Camden Property Trust, an S&P 400 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 167 properties containing 56,850 apartment homes across the United States. Upon completion of 7 properties currently under development, the Company's portfolio will increase to 59,104 apartment homes in 174 properties. Camden has been recognized as one of the 100 Best Companies to Work For® by FORTUNE magazine for 13 consecutive years, most recently ranking #18. The Company also received a Glassdoor Employees' Choice Award in 2020, ranking #25 for large U.S. companies.
Wall Street Analyst Weigh In
CPT has been the topic of a number of research reports. Citigroup raised their price target on Camden Property Trust to $150.00 in a research note on Tuesday, August 9th. Scotiabank decreased their target price on Camden Property Trust from $179.00 to $171.00 in a report on Thursday, May 19th. The Goldman Sachs Group raised their price target on Camden Property Trust from $143.00 to $158.00 and gave the company a "neutral" rating in a report on Tuesday. Truist Financial raised their price target on Camden Property Trust from $149.00 to $160.00 and gave the company a "buy" rating in a report on Thursday. Finally, Mizuho decreased their price target on Camden Property Trust from $170.00 to $142.00 and set a "neutral" rating on the stock in a report on Monday, June 27th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $166.00.
Camden Property Trust Trading Down 0.6 %
Shares of NYSE:CPT traded down $0.85 during trading hours on Friday, hitting $142.97. 10,418 shares of the company's stock traded hands, compared to its average volume of 722,463. Camden Property Trust has a 1 year low of $125.17 and a 1 year high of $180.37. The business has a fifty day moving average price of $135.55 and a 200-day moving average price of $150.77. The firm has a market capitalization of $15.23 billion, a P/E ratio of 18.90, a price-to-earnings-growth ratio of 4.05 and a beta of 0.76. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.33 and a quick ratio of 0.33.
Camden Property Trust Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Wednesday, June 29th. Camden Property Trust's dividend payout ratio is presently 49.41%.