Camden Property Trust (NYSE:CPT) Price Target Cut to $130.00 by Analysts at Scotiabank

Camden Property Trust (NYSE:CPT) had its price objective cut by Scotiabank from $132.00 to $130.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a sector perform rating on the real estate investment trust’s stock.

CPT has been the subject of several other research reports. The Goldman Sachs Group assumed coverage on shares of Camden Property Trust in a research note on Wednesday, September 4th. They set a “neutral” rating and a $139.00 price target for the company. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. lifted their price target on shares of Camden Property Trust from $112.00 to $129.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. UBS Group lifted their price target on shares of Camden Property Trust from $109.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th. Finally, Jefferies Financial Group initiated coverage on shares of Camden Property Trust in a research note on Friday, October 11th. They set a “hold” rating and a $123.00 price target for the company. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Camden Property Trust presently has an average rating of “Hold” and a consensus target price of $122.50.

Camden Property Trust Trading Down 0.4 %

Shares of NYSE:CPT traded down $0.45 during trading hours on Thursday, hitting $119.90. 401,085 shares of the company’s stock traded hands, compared to its average volume of 987,866. The business has a fifty day moving average price of $121.15 and a 200-day moving average price of $114.64. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. Camden Property Trust has a 1 year low of $86.50 and a 1 year high of $127.69. The firm has a market capitalization of $12.79 billion, a P/E ratio of 38.09, a price-to-earnings-growth ratio of 4.49 and a beta of 0.91.

Camden Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.44%. The ex-dividend date was Monday, September 30th. Camden Property Trust’s dividend payout ratio is currently 130.38%.

Institutional Investors Weigh In On Camden Property Trust

A number of large investors have recently made changes to their positions in CPT. Centersquare Investment Management LLC grew its holdings in shares of Camden Property Trust by 64.2% during the first quarter. Centersquare Investment Management LLC now owns 2,296,741 shares of the real estate investment trust’s stock valued at $228,939,000 after buying an additional 898,398 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Camden Property Trust by 508.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 946,417 shares of the real estate investment trust’s stock valued at $116,911,000 after buying an additional 790,974 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Camden Property Trust by 97.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust’s stock valued at $158,028,000 after purchasing an additional 630,768 shares during the last quarter. Duquesne Family Office LLC purchased a new stake in Camden Property Trust in the second quarter valued at $63,056,000. Finally, Heitman Real Estate Securities LLC boosted its holdings in Camden Property Trust by 3,155.8% in the third quarter. Heitman Real Estate Securities LLC now owns 449,295 shares of the real estate investment trust’s stock valued at $55,501,000 after purchasing an additional 435,495 shares during the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

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 58,250 apartment homes across the United States.