Camden Property Trust (NYSE:CPT) Stock Gets Price Target Trim from Cantor Fitzgerald

Camden Property Trust (NYSE:CPT) had its price target cut by Cantor Fitzgerald from $111.00 to $101.00 in a report published on Monday morning,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

A number of other equities research analysts also recently weighed in on CPT. Morgan Stanley lowered their price objective on shares of Camden Property Trust from $120.00 to $118.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 12th. Stifel Nicolaus set a $123.25 price objective on Camden Property Trust in a research report on Friday, July 31st. Royal Bank Of Canada lowered their price objective on Camden Property Trust from $111.00 to $101.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 13th. JPMorgan Chase & Co. upped their price objective on Camden Property Trust from $113.00 to $114.00 and gave the stock a “neutral” rating in a research note on Thursday, August 13th. Finally, Scotiabank dropped their target price on Camden Property Trust from $109.00 to $102.00 and set a “sector underperform” rating on the stock in a research report on Thursday, September 17th. Two investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Camden Property Trust presently has an average rating of “Hold” and an average target price of $108.73.

Camden Property Trust Stock Performance

Shares of NYSE CPT opened at $99.04 on Monday. The company has a market cap of $9.91 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 10.63 and a beta of 0.75. The company has a 50-day simple moving average of $100.16 and a 200-day simple moving average of $105.72. Camden Property Trust has a 12 month low of $95.30 and a 12 month high of $119.81. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.82 and a quick ratio of 0.18.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, November 5th. The real estate investment trust reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.02. The firm had revenue of $381.06 million during the quarter, compared to the consensus estimate of $384.88 million. Camden Property Trust had a return on equity of 26.22% and a net margin of 71.94%. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.70 earnings per share. On average, equities analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Wednesday, September 30th were paid a dividend of $1.06 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $4.24 annualized dividend and a yield of 4.3%. Camden Property Trust’s dividend payout ratio is currently 39.52%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Kings Path Partners LLC acquired a new stake in shares of Camden Property Trust during the third quarter worth $29,000. James T. Borello RIA increased its stake in Camden Property Trust by 76.3% in the 3rd quarter. James T. Borello RIA now owns 409 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 177 shares in the last quarter. IAG Wealth Partners LLC increased its stake in Camden Property Trust by 87.2% in the 3rd quarter. IAG Wealth Partners LLC now owns 468 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 218 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Camden Property Trust during the 2nd quarter worth about $55,000. Finally, Western Wealth Management LLC acquired a new stake in Camden Property Trust during the 1st quarter worth about $55,000. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Company Profile

Camden Property Trust is a real estate investment trust that owns, develops, acquires and manages apartment communities. Its residential properties serve renters in markets across the United States, with a focus on major metropolitan areas. Founded in 1982 and headquartered in Houston, Texas, Camden has grown into a multifamily housing operator. Its services include leasing apartments and managing the day-to-day operations of its communities.