Royal Bank of Canada Lowers Camden Property Trust (NYSE:CPT) Price Target to $127.00

Camden Property Trust (NYSE:CPT) had its target price lowered by Royal Bank of Canada from $131.00 to $127.00 in a research note published on Monday,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the real estate investment trust’s stock.

A number of other brokerages have also issued reports on CPT. Jefferies Financial Group initiated coverage on Camden Property Trust in a research report on Friday, October 11th. They set a “hold” rating and a $123.00 price target for the company. Scotiabank increased their price target on shares of Camden Property Trust from $125.00 to $132.00 and gave the stock a “sector perform” rating in a report on Monday, September 16th. The Goldman Sachs Group initiated 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 objective for the company. BNP Paribas started coverage on shares of Camden Property Trust in a research note on Wednesday, September 11th. They issued a “neutral” rating and a $129.00 price objective on the stock. Finally, Wells Fargo & Company upgraded shares of Camden Property Trust from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $104.00 to $127.00 in a research report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, Camden Property Trust has an average rating of “Hold” and an average price target of $122.03.

Camden Property Trust Trading Up 1.0 %

Shares of Camden Property Trust stock opened at $118.59 on Monday. Camden Property Trust has a 12-month low of $85.30 and a 12-month high of $127.69. The firm’s 50 day simple moving average is $121.52 and its two-hundred day simple moving average is $113.85. The company has a current ratio of 0.15, a quick ratio of 0.37 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $12.65 billion, a price-to-earnings ratio of 37.53, a PEG ratio of 4.33 and a beta of 0.91.

Camden Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date was Monday, September 30th. Camden Property Trust’s dividend payout ratio is currently 130.38%.

Hedge Funds Weigh In On Camden Property Trust

Several hedge funds have recently bought and sold shares of CPT. Kings Path Partners LLC acquired a new stake in Camden Property Trust during the 2nd quarter worth approximately $33,000. Federated Hermes Inc. purchased a new position in shares of Camden Property Trust during the 2nd quarter valued at approximately $33,000. Family Firm Inc. bought a new stake in shares of Camden Property Trust in the second quarter worth $39,000. Versant Capital Management Inc raised its holdings in Camden Property Trust by 2,187.5% in the second quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 350 shares in the last quarter. Finally, American Capital Advisory LLC increased its position in shares of Camden Property Trust by 42.7% in the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 128 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 58,250 apartment homes across the United States.