Camden Property Trust (NYSE:CPT - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $115.79, but opened at $109.79. Camden Property Trust shares last traded at $113.17, with a volume of 333,005 shares changing hands.
Analyst Ratings Changes
CPT has been the subject of a number of recent research reports. Royal Bank of Canada downgraded shares of Camden Property Trust from an "outperform" rating to a "sector perform" rating and set a $122.00 price target for the company. in a research note on Monday, September 9th. Bank of America raised Camden Property Trust from an "underperform" rating to a "buy" rating and increased their price target for the company from $111.00 to $147.00 in a research note on Monday, August 12th. UBS Group boosted their target price on Camden Property Trust from $109.00 to $117.00 and gave the stock a "neutral" rating in a research report on Thursday, July 18th. Scotiabank increased their price target on shares of Camden Property Trust from $125.00 to $132.00 and gave the company a "sector perform" rating in a research report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Camden Property Trust from $90.00 to $115.00 and gave the company a "hold" rating in a report on Tuesday, September 10th. Fifteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $121.76.
Read Our Latest Stock Report on CPT
Camden Property Trust Stock Performance
The company has a debt-to-equity ratio of 0.72, a current ratio of 0.37 and a quick ratio of 0.37. The business has a 50 day moving average price of $122.21 and a two-hundred day moving average price of $113.12. The stock has a market cap of $12.13 billion, a PE ratio of 31.04, a price-to-earnings-growth ratio of 4.40 and a beta of 0.90.
Camden Property Trust (NYSE:CPT - Get Free Report) last released 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 net margin of 25.64% and a return on equity of 7.98%. The company had revenue of $387.15 million during the quarter, compared to the consensus estimate of $384.76 million. During the same quarter last year, the firm earned $1.70 EPS. As a group, equities research analysts forecast that Camden Property Trust will post 6.78 EPS for the current fiscal year.
Camden Property Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date was Monday, September 30th. Camden Property Trust's payout ratio is 113.19%.
Hedge Funds Weigh In On Camden Property Trust
A number of hedge funds have recently modified their holdings of CPT. Centersquare Investment Management LLC lifted its stake in Camden Property Trust by 64.2% in the first quarter. Centersquare Investment Management LLC now owns 2,296,741 shares of the real estate investment trust's stock worth $228,939,000 after purchasing an additional 898,398 shares during the last quarter. Duquesne Family Office LLC bought a new position in Camden Property Trust in the 2nd quarter valued at $63,056,000. Robeco Institutional Asset Management B.V. grew its position in Camden Property Trust by 4,254.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 341,810 shares of the real estate investment trust's stock valued at $42,224,000 after acquiring an additional 333,961 shares during the last quarter. Vanguard Group Inc. grew its stake in Camden Property Trust by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust's stock worth $1,701,521,000 after acquiring an additional 289,425 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Camden Property Trust by 690.1% during the 2nd quarter. American Century Companies Inc. now owns 248,533 shares of the real estate investment trust's stock worth $27,117,000 after purchasing an additional 217,076 shares during the period. 97.22% of the stock is currently owned by institutional investors.
About Camden Property Trust
(
Get Free Report)
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.
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