Camden Property Trust (NYSE:CPT – Get Free Report)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $121.29 and last traded at $120.95, with a volume of 342893 shares trading hands. The stock had previously closed at $120.23.
Analysts Set New Price Targets
A number of research analysts have commented on the stock. JPMorgan Chase & Co. upped their target price 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. Evercore ISI cut their target price on Camden Property Trust from $111.00 to $110.00 and set an “in-line” rating on the stock in a research report on Monday, August 12th. UBS Group raised their target price on Camden Property Trust from $109.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. Mizuho dropped their price target on shares of Camden Property Trust from $111.00 to $108.00 and set a “buy” rating for the company in a research note on Thursday, May 30th. Finally, StockNews.com upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $113.03.
Camden Property Trust Price Performance
The stock has a market capitalization of $12.89 billion, a price-to-earnings ratio of 29.47, a price-to-earnings-growth ratio of 4.50 and a beta of 0.88. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.71. The company’s 50 day moving average is $112.64 and its 200 day moving average is $104.17.
Camden Property Trust (NYSE:CPT – Get Free Report) last posted its 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). The firm had revenue of $387.15 million during the quarter, compared to analysts’ expectations of $384.76 million. Camden Property Trust had a net margin of 25.64% and a return on equity of 7.95%. During the same period in the previous year, the firm posted $1.70 earnings per share. Research analysts anticipate that Camden Property Trust will post 6.73 EPS for the current fiscal year.
Camden Property Trust Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 17th. Investors of record on Friday, June 28th were given a $1.03 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $4.12 annualized dividend and a yield of 3.41%. Camden Property Trust’s dividend payout ratio (DPR) is 100.98%.
Hedge Funds Weigh In On Camden Property Trust
A number of large investors have recently bought and sold shares of CPT. Lindbrook Capital LLC raised its holdings in Camden Property Trust by 90.4% during the first quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 132 shares in the last quarter. Kings Path Partners LLC acquired a new stake in shares of Camden Property Trust in the 2nd quarter valued at approximately $33,000. Federated Hermes Inc. acquired a new position in Camden Property Trust during the second quarter worth $33,000. Family Firm Inc. purchased a new position in Camden Property Trust in the second quarter worth $39,000. Finally, Versant Capital Management Inc lifted 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 during the period. 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.