Camden Property Trust (NYSE:CPT) Stock Rating Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Camden Property Trust (NYSE:CPT - Free Report) from a neutral rating to an underweight rating in a report released on Tuesday, Marketbeat.com reports. JPMorgan Chase & Co. currently has $128.00 price target on the real estate investment trust's stock, down from their prior price target of $129.00.

Several other research firms have also commented on CPT. Jefferies Financial Group assumed coverage on Camden Property Trust in a research report on Friday, October 11th. They issued a "hold" rating and a $123.00 price target for the company. Deutsche Bank Aktiengesellschaft upped their price target on shares of Camden Property Trust from $90.00 to $115.00 and gave the stock a "hold" rating in a research report on Tuesday, September 10th. BNP Paribas started coverage on Camden Property Trust in a research note on Wednesday, September 11th. They issued a "neutral" rating and a $129.00 target price on the stock. Evercore ISI raised their price target on Camden Property Trust from $116.00 to $118.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. Finally, Truist Financial increased their price objective on Camden Property Trust from $122.00 to $133.00 and gave the company a "buy" rating in a report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Camden Property Trust has a consensus rating of "Hold" and a consensus price target of $125.81.

Camden Property Trust Stock Performance

Shares of NYSE:CPT traded down $1.76 during mid-day trading on Tuesday, reaching $118.60. 1,042,057 shares of the company traded hands, compared to its average volume of 961,372. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. Camden Property Trust has a 52 week low of $90.50 and a 52 week high of $127.69. The company's 50 day moving average price is $120.62 and its 200-day moving average price is $117.64. The firm has a market cap of $12.65 billion, a PE ratio of 37.53, a PEG ratio of 4.40 and a beta of 0.92.

Camden Property Trust Dividend Announcement

The company 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. The ex-dividend date is Wednesday, December 18th. This represents a $4.12 annualized dividend and a yield of 3.47%. Camden Property Trust's dividend payout ratio is presently 130.38%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in shares of Camden Property Trust by 86.9% in the third 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Camden Property Trust by 508.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 946,417 shares of the real estate investment trust's stock valued at $116,911,000 after purchasing an additional 790,974 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in Camden Property Trust by 97.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust's stock valued at $158,028,000 after purchasing an additional 630,768 shares during the last quarter. Duquesne Family Office LLC acquired a new position in shares of Camden Property Trust in the 2nd quarter valued at $63,056,000. Finally, Heitman Real Estate Securities LLC grew its stake in shares of Camden Property Trust by 3,155.8% in the 3rd quarter. Heitman Real Estate Securities LLC now owns 449,295 shares of the real estate investment trust's stock valued at $55,501,000 after purchasing an additional 435,495 shares during the period. 97.22% of the stock is owned by institutional investors and hedge funds.

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.