Camden Property Trust (NYSE:CPT) Price Target Increased to $122.00 by Analysts at Royal Bank of Canada

Camden Property Trust (NYSE:CPT) had its target price upped by Royal Bank of Canada from $114.00 to $122.00 in a research note released on Monday morning, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the real estate investment trust’s stock.

Other equities analysts also recently issued reports about the stock. Morgan Stanley lifted their target price on shares of 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. UBS Group lifted their price target on shares of Camden Property Trust from $109.00 to $117.00 and gave the company a neutral rating in a research report on Thursday, July 18th. Truist Financial lifted their price target on shares of Camden Property Trust from $114.00 to $122.00 and gave the company a buy rating in a research report on Monday, June 24th. JPMorgan Chase & Co. lifted their price target on shares of Camden Property Trust from $104.00 to $112.00 and gave the company a neutral rating in a research report on Monday, June 17th. Finally, Wells Fargo & Company lifted their price target on shares of Camden Property Trust from $92.00 to $104.00 and gave the company an underweight rating in a research report on Friday, May 31st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $109.14.

Camden Property Trust Price Performance

Shares of NYSE:CPT traded up $2.26 during midday trading on Monday, hitting $117.22. The company’s stock had a trading volume of 859,674 shares, compared to its average volume of 995,868. The business’s 50 day simple moving average is $108.92 and its 200 day simple moving average is $102.17. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.43 and a current ratio of 0.43. The company has a market cap of $12.49 billion, a P/E ratio of 28.18, a price-to-earnings-growth ratio of 4.50 and a beta of 0.88. Camden Property Trust has a 12-month low of $82.81 and a 12-month high of $121.29.

Camden Property Trust (NYSE:CPT) last posted its quarterly 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). Camden Property Trust had a return on equity of 7.95% and a net margin of 25.64%. The business had revenue of $387.15 million during the quarter, compared to analysts’ expectations of $384.76 million. During the same period in the prior year, the business posted $1.70 earnings per share. On average, analysts forecast that Camden Property Trust will post 6.73 EPS for the current year.

Camden Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $4.12 annualized dividend and a dividend yield of 3.51%. Camden Property Trust’s dividend payout ratio is presently 100.98%.

Institutional Trading of Camden Property Trust

Institutional investors have recently modified their holdings of the stock. Lindbrook Capital LLC lifted its position in shares of Camden Property Trust by 90.4% during the 1st quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 132 shares during the last quarter. Kings Path Partners LLC purchased a new stake in Camden Property Trust in the 2nd quarter valued at $33,000. Family Firm Inc. purchased a new stake in Camden Property Trust in the 2nd quarter valued at $39,000. Versant Capital Management Inc raised its position in Camden Property Trust by 2,187.5% in the 2nd quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 350 shares during the last quarter. Finally, Tobam raised its position in Camden Property Trust by 4,166.7% in the 4th quarter. Tobam now owns 384 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 375 shares during the last quarter. Hedge funds and other institutional investors 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.