Camden Property Trust (NYSE:CPT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Camden Property Trust (NYSE:CPT) from a sell rating to a hold rating in a report released on Saturday.

Other equities analysts have also recently issued research reports about the stock. Barclays increased their price objective on shares of Camden Property Trust from $136.00 to $137.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. JPMorgan Chase & Co. increased their price objective on shares of Camden Property Trust from $127.00 to $129.00 and gave the company an “underweight” rating in a research note on Tuesday, June 17th. Truist Financial set a $131.00 price objective on shares of Camden Property Trust and gave the company a “buy” rating in a research note on Monday, May 19th. UBS Group lowered their target price on shares of Camden Property Trust from $126.00 to $114.00 and set a “neutral” rating on the stock in a report on Tuesday, July 15th. Finally, Scotiabank lowered their target price on shares of Camden Property Trust from $144.00 to $136.00 and set a “sector perform” rating on the stock in a report on Friday, June 13th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $127.83.

Camden Property Trust Stock Performance

CPT stock opened at $105.81 on Friday. The company has a quick ratio of 0.19, a current ratio of 0.18 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $11.30 billion, a price-to-earnings ratio of 73.99, a P/E/G ratio of 3.55 and a beta of 0.78. Camden Property Trust has a 12 month low of $102.35 and a 12 month high of $127.69. The firm has a 50 day moving average of $114.48 and a two-hundred day moving average of $115.98.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 EPS for the quarter, topping the consensus estimate of $1.69 by $0.01. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The company had revenue of $396.51 million during the quarter, compared to the consensus estimate of $393.24 million. During the same period in the previous year, the firm posted $1.71 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, equities analysts anticipate that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Monday, June 30th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $4.20 annualized dividend and a dividend yield of 4.0%. Camden Property Trust’s dividend payout ratio (DPR) is currently 293.71%.

Insider Activity

In other Camden Property Trust news, Director Steven A. Webster sold 1,200 shares of the firm’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $118.76, for a total value of $142,512.00. Following the completion of the transaction, the director owned 117,374 shares in the company, valued at $13,939,336.24. This trade represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Camden Property Trust

Several hedge funds have recently made changes to their positions in the business. Smartleaf Asset Management LLC raised its holdings in shares of Camden Property Trust by 16.8% in the first quarter. Smartleaf Asset Management LLC now owns 620 shares of the real estate investment trust’s stock worth $76,000 after buying an additional 89 shares during the period. Federated Hermes Inc. raised its holdings in shares of Camden Property Trust by 6.5% in the fourth quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust’s stock worth $170,000 after buying an additional 90 shares during the period. Country Club Bank raised its holdings in shares of Camden Property Trust by 0.4% in the first quarter. Country Club Bank now owns 26,200 shares of the real estate investment trust’s stock worth $3,204,000 after buying an additional 92 shares during the period. Amalgamated Bank raised its holdings in shares of Camden Property Trust by 0.5% in the first quarter. Amalgamated Bank now owns 20,558 shares of the real estate investment trust’s stock worth $2,514,000 after buying an additional 93 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Camden Property Trust by 0.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,117 shares of the real estate investment trust’s stock worth $2,102,000 after buying an additional 98 shares during the period. 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.