Camden Property Trust (NYSE:CPT) Receives $106.86 Consensus PT from Brokerages

Shares of Camden Property Trust (NYSE:CPT) have received an average rating of “Hold” from the seventeen brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $107.31.

Several research firms recently weighed in on CPT. Truist Financial lifted their target price on shares of Camden Property Trust from $114.00 to $122.00 and gave the company a “buy” rating in a report on Monday. Mizuho reduced their price objective on Camden Property Trust from $111.00 to $108.00 and set a “buy” rating on the stock in a research report on Thursday, May 30th. UBS Group boosted their price objective on shares of Camden Property Trust from $105.00 to $109.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 14th. StockNews.com raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Camden Property Trust from $104.00 to $112.00 and gave the company a “neutral” rating in a research report on Monday, June 17th.

Camden Property Trust Stock Down 1.1 %

CPT opened at $108.70 on Friday. The stock has a market capitalization of $11.58 billion, a price-to-earnings ratio of 26.64, a PEG ratio of 4.30 and a beta of 0.86. Camden Property Trust has a fifty-two week low of $82.81 and a fifty-two week high of $114.04. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.43 and a current ratio of 0.43. The company has a fifty day moving average of $104.59 and a two-hundred day moving average of $99.78.

Camden Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Friday, June 28th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend is Friday, June 28th. Camden Property Trust’s payout ratio is 100.98%.

Institutional Trading of Camden Property Trust

Several institutional investors have recently made changes to their positions in the company. Rafferty Asset Management LLC grew its position in Camden Property Trust by 5.0% in the third quarter. Rafferty Asset Management LLC now owns 11,927 shares of the real estate investment trust’s stock worth $1,128,000 after acquiring an additional 570 shares in the last quarter. QRG Capital Management Inc. bought a new stake in shares of Camden Property Trust during the 3rd quarter valued at about $232,000. Envestnet Portfolio Solutions Inc. purchased a new stake in Camden Property Trust in the third quarter worth about $828,000. Envestnet Asset Management Inc. lifted its stake in shares of Camden Property Trust by 41.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 213,859 shares of the real estate investment trust’s stock valued at $20,227,000 after buying an additional 62,268 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Camden Property Trust by 17.5% in the third quarter. FMR LLC now owns 52,767 shares of the real estate investment trust’s stock worth $4,991,000 after buying an additional 7,874 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

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.