Barclays Lowers Camden Property Trust (NYSE:CPT) Price Target to $128.00

Camden Property Trust (NYSE:CPT) had its target price lowered by Barclays from $137.00 to $128.00 in a research note published on Tuesday morning,Benzinga reports. Barclays currently has an overweight rating on the real estate investment trust’s stock.

Several other research analysts have also issued reports on the company. Evercore ISI reduced their price target on Camden Property Trust from $117.00 to $114.00 and set an “in-line” rating on the stock in a research report on Tuesday. UBS Group reduced their price target on Camden Property Trust from $126.00 to $114.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 15th. Royal Bank Of Canada reduced their price target on Camden Property Trust from $120.00 to $118.00 and set a “sector perform” rating on the stock in a research report on Monday, August 4th. Truist Financial set a $131.00 price target on Camden Property Trust and gave the stock a “buy” rating in a research report on Monday, May 19th. Finally, Mizuho reduced their price target on Camden Property Trust from $130.00 to $122.00 and set an “outperform” rating on the stock in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $125.69.

Camden Property Trust Stock Up 0.8%

Shares of CPT opened at $104.87 on Tuesday. The firm has a market capitalization of $11.21 billion, a price-to-earnings ratio of 73.34, a PEG ratio of 3.53 and a beta of 0.78. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.18 and a current ratio of 0.18. The business’s fifty day moving average price is $113.18 and its two-hundred day moving average price is $115.72. Camden Property Trust has a 52 week low of $102.35 and a 52 week high of $127.69.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.01. The firm had revenue of $396.51 million for the quarter, compared to analyst estimates of $393.24 million. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company earned $1.71 EPS. On average, analysts predict that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, June 30th were paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Monday, June 30th. Camden Property Trust’s dividend payout ratio (DPR) is presently 293.71%.

Insider Buying and Selling

In related news, Director Steven A. Webster sold 1,200 shares of the firm’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $118.76, for a total transaction of $142,512.00. Following the sale, the director owned 117,374 shares of the company’s stock, valued at approximately $13,939,336.24. This trade represents a 1.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.90% of the company’s stock.

Institutional Trading of Camden Property Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. Bellwether Advisors LLC acquired a new stake in shares of Camden Property Trust in the 4th quarter valued at about $31,000. Cape Investment Advisory Inc. acquired a new stake in shares of Camden Property Trust in the 1st quarter valued at about $37,000. IFP Advisors Inc raised its stake in shares of Camden Property Trust by 45.7% in the 2nd quarter. IFP Advisors Inc now owns 322 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 101 shares during the period. Tsfg LLC acquired a new stake in shares of Camden Property Trust in the 1st quarter valued at about $40,000. Finally, National Pension Service raised its stake in shares of Camden Property Trust by 74.2% in the 1st quarter. National Pension Service now owns 392 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 167 shares during the period. 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 58,250 apartment homes across the United States.