Camden Property Trust (NYSE:CPT) Given New $125.00 Price Target at Scotiabank

Camden Property Trust (NYSE:CPT) had its target price lifted by Scotiabank from $116.00 to $125.00 in a research note published on Monday morning, Benzinga reports. Scotiabank currently has a sector perform rating on the real estate investment trust’s stock.

A number of other brokerages have also recently issued reports on CPT. Wedbush raised their price objective on shares of Camden Property Trust from $118.00 to $131.00 and gave the company an outperform rating in a research note on Monday, August 5th. Morgan Stanley lifted their price objective on Camden Property Trust from $98.00 to $105.50 and gave the stock an equal weight rating in a research note on Tuesday, May 14th. Mizuho cut their target price on Camden Property Trust from $111.00 to $108.00 and set a buy rating on the stock in a research note on Thursday, May 30th. UBS Group raised their target price on Camden Property Trust from $109.00 to $117.00 and gave the stock a neutral rating in a report on Thursday, July 18th. Finally, Royal Bank of Canada upped their price target on Camden Property Trust from $114.00 to $122.00 and gave the company an outperform rating in a research note on Monday, August 5th. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $116.62.

Camden Property Trust Trading Down 0.6 %

CPT stock opened at $123.95 on Monday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.71. Camden Property Trust has a twelve month low of $82.81 and a twelve month high of $125.35. The company has a market cap of $13.21 billion, a P/E ratio of 30.38, a PEG ratio of 4.50 and a beta of 0.88. The business has a fifty day moving average of $114.38 and a 200-day moving average of $105.31.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share 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 return on equity of 7.95% and a net margin of 25.64%. During the same period in the prior year, the firm posted $1.70 earnings per share. As a group, equities research analysts expect that Camden Property Trust will post 6.73 EPS for the current year.

Camden Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 17th. Shareholders of record on Friday, June 28th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend was Friday, June 28th. Camden Property Trust’s dividend payout ratio is 100.98%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Lindbrook Capital LLC raised its position in Camden Property Trust by 90.4% in the 1st quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 132 shares during the last quarter. Kings Path Partners LLC acquired a new stake in shares of Camden Property Trust in the second quarter valued at approximately $33,000. Federated Hermes Inc. bought a new stake in shares of Camden Property Trust in the second quarter worth $33,000. Family Firm Inc. bought a new stake in shares of Camden Property Trust in the second quarter worth $39,000. Finally, Versant Capital Management Inc boosted its holdings in Camden Property Trust by 2,187.5% during the second quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 350 shares during the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

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 58,634 apartment homes across the United States.