Analysts Set Camden Property Trust (NYSE:CPT) Price Target at $122.50

Shares of Camden Property Trust (NYSE:CPT) have earned an average recommendation of “Hold” from the eighteen research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $125.81.

CPT has been the subject of several research reports. Piper Sandler increased their price objective on Camden Property Trust from $110.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Deutsche Bank Aktiengesellschaft boosted their price objective on Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Scotiabank cut their target price on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. StockNews.com lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Finally, The Goldman Sachs Group began coverage on shares of Camden Property Trust in a research note on Wednesday, September 4th. They set a “neutral” rating and a $139.00 price target on the stock.

Institutional Investors Weigh In On Camden Property Trust

Several hedge funds have recently bought and sold shares of the stock. State Street Corp increased its position in shares of Camden Property Trust by 0.5% during the 3rd quarter. State Street Corp now owns 7,118,930 shares of the real estate investment trust’s stock valued at $886,693,000 after purchasing an additional 36,528 shares during the last quarter. Victory Capital Management Inc. grew its position in Camden Property Trust by 5.0% during the second quarter. Victory Capital Management Inc. now owns 4,314,030 shares of the real estate investment trust’s stock valued at $470,704,000 after acquiring an additional 206,654 shares during the last quarter. FMR LLC raised its stake in shares of Camden Property Trust by 14.5% during the third quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust’s stock worth $407,324,000 after acquiring an additional 416,701 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Camden Property Trust by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,739,831 shares of the real estate investment trust’s stock worth $337,394,000 after acquiring an additional 20,097 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Camden Property Trust by 86.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock valued at $243,952,000 after purchasing an additional 918,078 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors.

Camden Property Trust Stock Up 2.1 %

CPT opened at $114.91 on Friday. Camden Property Trust has a twelve month low of $90.50 and a twelve month high of $127.69. The company’s 50-day moving average price is $120.24 and its two-hundred day moving average price is $117.76. The stock has a market cap of $12.26 billion, a price-to-earnings ratio of 36.36, a PEG ratio of 4.40 and a beta of 0.92. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Wednesday, December 18th will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Wednesday, December 18th. Camden Property Trust’s dividend payout ratio (DPR) is 130.38%.

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.