Camden Property Trust (NYSE:CPT) Given Consensus Rating of “Hold” by Brokerages

Shares of Camden Property Trust (NYSE:CPT) have been assigned a consensus recommendation of “Hold” from the nineteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $127.61.

Several analysts have commented on CPT shares. Citigroup upgraded shares of Camden Property Trust from a “neutral” rating to a “buy” rating and upped their target price for the company from $125.00 to $138.00 in a research report on Friday, March 28th. Stifel Nicolaus upped their price objective on Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a report on Friday, February 7th. Evercore ISI raised their target price on Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. StockNews.com raised Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, March 18th. Finally, Mizuho cut their price target on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a research report on Monday, January 6th.

Camden Property Trust Stock Performance

Camden Property Trust stock opened at $114.01 on Friday. Camden Property Trust has a 12-month low of $97.28 and a 12-month high of $127.69. The stock has a 50-day simple moving average of $117.53 and a 200 day simple moving average of $117.65. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $12.40 billion, a price-to-earnings ratio of 76.01, a P/E/G ratio of 4.41 and a beta of 0.79.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. On average, research analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were given a $1.05 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a yield of 3.68%. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s dividend payout ratio (DPR) is 280.00%.

Institutional Investors Weigh In On Camden Property Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. UMB Bank n.a. raised its holdings in Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 98 shares in the last quarter. National Pension Service bought a new stake in shares of Camden Property Trust during the 4th quarter worth approximately $26,000. Quent Capital LLC raised its stake in shares of Camden Property Trust by 87.0% during the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 114 shares in the last quarter. IAG Wealth Partners LLC acquired a new stake in shares of Camden Property Trust in the 4th quarter valued at approximately $29,000. Finally, Bellwether Advisors LLC bought a new position in shares of Camden Property Trust in the fourth quarter valued at $31,000. 97.22% of the stock is owned by 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.