Barclays Lowers Camden Property Trust (NYSE:CPT) Price Target to $127.00

Camden Property Trust (NYSE:CPT) had its price objective trimmed by Barclays from $130.00 to $127.00 in a research note published on Friday morning,Benzinga reports. The firm currently has an overweight rating on the real estate investment trust’s stock.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. cut Camden Property Trust from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $129.00 to $128.00 in a report on Tuesday, December 17th. StockNews.com raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, March 18th. Scotiabank raised their price target on shares of Camden Property Trust from $130.00 to $135.00 and gave the stock a “sector perform” rating in a research note on Friday, February 14th. Truist Financial boosted their price objective on shares of Camden Property Trust from $122.00 to $129.00 and gave the company a “buy” rating in a research report on Monday, March 10th. Finally, Evercore ISI raised their target price on shares of Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $127.61.

Camden Property Trust Stock Down 0.2 %

NYSE CPT opened at $107.85 on Friday. Camden Property Trust has a 52 week low of $94.75 and a 52 week high of $127.69. The firm has a market capitalization of $11.73 billion, a price-to-earnings ratio of 71.90, a PEG ratio of 4.41 and a beta of 0.79. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. The company has a fifty day moving average of $118.72 and a two-hundred day moving average of $118.21.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. On average, analysts predict that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 3.89%. The ex-dividend date is Monday, March 31st. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s payout ratio is 280.00%.

Institutional Trading of Camden Property Trust

Several hedge funds have recently modified their holdings of CPT. UMB Bank n.a. raised its stake in shares of Camden Property Trust by 76.6% during the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 98 shares in the last quarter. National Pension Service acquired a new stake in Camden Property Trust in the fourth quarter valued at approximately $26,000. Quent Capital LLC grew its holdings in Camden Property Trust by 87.0% in the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 114 shares during the last quarter. IAG Wealth Partners LLC acquired a new position in shares of Camden Property Trust during the fourth quarter worth $29,000. Finally, Bellwether Advisors LLC purchased a new stake in shares of Camden Property Trust during the 4th quarter valued at $31,000. 97.22% of the stock is owned by hedge funds and other institutional investors.

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 58,250 apartment homes across the United States.