Camden Property Trust (NYSE:CPT) PT Raised to $132.00 at Scotiabank

Camden Property Trust (NYSE:CPT) had its price target lifted by Scotiabank from $125.00 to $132.00 in a research note released on Monday, Benzinga reports. They currently have a sector perform rating on the real estate investment trust’s stock.

Other equities analysts have also recently issued research reports about the stock. Truist Financial raised their price target on Camden Property Trust from $122.00 to $133.00 and gave the stock a buy rating in a research note on Monday, August 26th. Bank of America raised shares of Camden Property Trust from an underperform rating to a buy rating and raised their target price for the stock from $111.00 to $147.00 in a research report on Monday, August 12th. UBS Group boosted 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 report on Thursday, July 18th. Evercore ISI raised their price objective on shares of Camden Property Trust from $116.00 to $118.00 and gave the stock an in-line rating in a report on Monday. Finally, Piper Sandler lifted their price objective on Camden Property Trust from $110.00 to $128.00 and gave the company a neutral rating in a research report on Monday, August 26th. Fourteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $121.69.

Camden Property Trust Price Performance

Shares of NYSE CPT opened at $126.67 on Monday. The firm has a market capitalization of $13.49 billion, a P/E ratio of 31.05, a P/E/G ratio of 4.60 and a beta of 0.90. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.72. The stock’s 50-day simple moving average is $119.02 and its two-hundred day simple moving average is $108.41. Camden Property Trust has a twelve month low of $82.81 and a twelve month high of $127.38.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.27). The firm had revenue of $387.15 million for the quarter, compared to the consensus estimate of $384.76 million. Camden Property Trust had a net margin of 25.64% and a return on equity of 7.98%. During the same quarter last year, the company posted $1.70 earnings per share. As a group, equities analysts anticipate that Camden Property Trust will post 6.77 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be paid a $1.03 dividend. The ex-dividend date is Monday, September 30th. This represents a $4.12 annualized dividend and a dividend yield of 3.25%. Camden Property Trust’s dividend payout ratio (DPR) is 100.98%.

Institutional Investors Weigh In On Camden Property Trust

A number of institutional investors have recently bought and sold shares of CPT. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Camden Property Trust by 16.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 191,374 shares of the real estate investment trust’s stock worth $18,831,000 after purchasing an additional 27,465 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of Camden Property Trust by 3.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 160,309 shares of the real estate investment trust’s stock worth $15,781,000 after buying an additional 5,926 shares in the last quarter. Illinois Municipal Retirement Fund boosted its stake in Camden Property Trust by 59.4% during the first quarter. Illinois Municipal Retirement Fund now owns 18,831 shares of the real estate investment trust’s stock valued at $1,853,000 after buying an additional 7,018 shares during the last quarter. Pinebridge Investments L.P. bought a new position in Camden Property Trust during the fourth quarter valued at approximately $1,374,000. Finally, Eminence Capital LP purchased a new position in Camden Property Trust during the 4th quarter valued at approximately $18,737,000. Hedge funds and other 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 58,250 apartment homes across the United States.