Camden Property Trust (NYSE:CPT) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of Camden Property Trust (NYSE:CPT) in a research report report published on Wednesday morning, MarketBeat reports. The firm issued a neutral rating and a $139.00 price target on the real estate investment trust’s stock.

Other equities analysts have also issued reports about the company. Wedbush lifted their price objective on Camden Property Trust from $118.00 to $131.00 and gave the stock an outperform rating in a research note on Monday, August 5th. Mizuho dropped their price objective 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. Truist Financial lifted their price objective on Camden Property Trust from $122.00 to $133.00 and gave the stock a buy rating in a research note on Monday, August 26th. JPMorgan Chase & Co. lifted their target price on Camden Property Trust from $104.00 to $112.00 and gave the stock a neutral rating in a research report on Monday, June 17th. Finally, UBS Group lifted their target price on Camden Property Trust from $109.00 to $117.00 and gave the stock a neutral rating in a research report on Thursday, July 18th. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $118.21.

Camden Property Trust Price Performance

NYSE CPT opened at $122.17 on Wednesday. Camden Property Trust has a fifty-two week low of $82.81 and a fifty-two week high of $127.23. The stock’s 50-day moving average is $116.19 and its two-hundred day moving average is $106.63. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a market cap of $13.02 billion, a P/E ratio of 29.94, a price-to-earnings-growth ratio of 4.71 and a beta of 0.90.

Camden Property Trust (NYSE:CPT) last posted its earnings results 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 company had revenue of $387.15 million for the quarter, compared to the consensus estimate of $384.76 million. Camden Property Trust had a net margin of 25.64% and a return on equity of 7.98%. During the same quarter last year, the business earned $1.70 earnings per share. On average, analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 17th. Investors of record on Friday, June 28th were given a dividend of $1.03 per share. The ex-dividend date was Friday, June 28th. This represents a $4.12 dividend on an annualized basis and a yield of 3.37%. Camden Property Trust’s dividend payout ratio (DPR) is presently 100.98%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in Camden Property Trust during the 2nd quarter worth $1,257,000. Coronation Fund Managers Ltd. lifted its holdings in Camden Property Trust by 52.8% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 93,100 shares of the real estate investment trust’s stock worth $10,158,000 after buying an additional 32,182 shares in the last quarter. Graham Capital Wealth Management LLC acquired a new position in Camden Property Trust during the 2nd quarter worth $2,541,000. Truist Financial Corp lifted its holdings in Camden Property Trust by 3.4% during the 2nd quarter. Truist Financial Corp now owns 18,105 shares of the real estate investment trust’s stock worth $1,975,000 after buying an additional 599 shares in the last quarter. Finally, Waterfall Asset Management LLC acquired a new position in Camden Property Trust during the 2nd quarter worth $818,000. Institutional investors and hedge funds own 97.22% of the company’s stock.

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 58,634 apartment homes across the United States.