Camden Property Trust (CPT) Receives $99.75 Consensus PT from Analysts

Camden Property Trust (NYSE:CPT) has received a consensus rating of “Buy” from the twenty ratings firms that are presently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $99.75.

CPT has been the subject of a number of recent analyst reports. BMO Capital Markets reiterated a “buy” rating and issued a $95.00 target price on shares of Camden Property Trust in a research note on Thursday, January 31st. Mizuho raised Camden Property Trust from a “neutral” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Wednesday, January 23rd. SunTrust Banks raised Camden Property Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, January 15th. Janney Montgomery Scott raised Camden Property Trust from a “neutral” rating to a “buy” rating and set a $99.00 target price on the stock in a research report on Wednesday, December 19th. Finally, Zacks Investment Research raised Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Thursday, January 31st.

Shares of NYSE CPT traded down $0.07 during midday trading on Wednesday, hitting $102.55. The stock had a trading volume of 19,455 shares, compared to its average volume of 534,916. The company has a market cap of $10.18 billion, a PE ratio of 21.50, a P/E/G ratio of 3.30 and a beta of 0.54. Camden Property Trust has a 52 week low of $82.60 and a 52 week high of $102.87. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.33 and a current ratio of 0.33.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, January 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.22 by ($0.81). The company had revenue of $244.92 million for the quarter, compared to the consensus estimate of $243.35 million. Camden Property Trust had a net margin of 16.36% and a return on equity of 4.56%. On average, analysts forecast that Camden Property Trust will post 5.06 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 17th. Investors of record on Friday, March 29th will be paid a dividend of $0.80 per share. This is an increase from Camden Property Trust’s previous quarterly dividend of $0.77. The ex-dividend date is Thursday, March 28th. This represents a $3.20 annualized dividend and a yield of 3.12%. Camden Property Trust’s dividend payout ratio is presently 67.09%.

In other news, Director William F. Paulsen sold 2,890 shares of the firm’s stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $97.17, for a total value of $280,821.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. 3.40% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in Camden Property Trust by 3.9% during the fourth quarter. BlackRock Inc. now owns 12,776,516 shares of the real estate investment trust’s stock worth $1,124,973,000 after acquiring an additional 481,528 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in Camden Property Trust by 8,705.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,206,341 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 3,169,926 shares during the last quarter. FMR LLC increased its stake in Camden Property Trust by 8.2% in the fourth quarter. FMR LLC now owns 1,965,670 shares of the real estate investment trust’s stock valued at $173,077,000 after purchasing an additional 148,529 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Camden Property Trust by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,380,599 shares of the real estate investment trust’s stock valued at $121,560,000 after purchasing an additional 5,954 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Camden Property Trust by 8.3% in the fourth quarter. Geode Capital Management LLC now owns 1,280,615 shares of the real estate investment trust’s stock valued at $112,701,000 after purchasing an additional 98,418 shares during the last quarter. Hedge funds and other institutional investors own 87.86% of the company’s stock.

Camden Property Trust Company Profile

Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 161 properties containing 55,160 apartment homes across the United States.

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Analyst Recommendations for Camden Property Trust (NYSE:CPT)

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