Camden Property Trust (NYSE:CPT) Rating Increased to Hold at StockNews.com

by · The Cerbat Gem

StockNews.com upgraded shares of Camden Property Trust (NYSE:CPT – Free Report) from a sell rating to a hold rating in a research note released on Saturday.

A number of other analysts have also issued reports on CPT. Stifel Nicolaus decreased their price objective on Camden Property Trust from $111.50 to $110.00 and set a buy rating on the stock in a research note on Friday, November 17th. JPMorgan Chase & Co. boosted their price objective on Camden Property Trust from $131.00 to $133.00 and gave the company a neutral rating in a research note on Monday, August 21st. Wedbush assumed coverage on Camden Property Trust in a research note on Tuesday, October 3rd. They set an outperform rating and a $110.00 price objective on the stock. UBS Group cut Camden Property Trust from a buy rating to a neutral rating and reduced their target price for the stock from $127.00 to $94.00 in a research report on Monday, November 6th. Finally, Citigroup reduced their target price on Camden Property Trust from $130.00 to $118.00 and set a neutral rating for the company in a research report on Tuesday, August 22nd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $112.69.

Check Out Our Latest Research Report on CPT

Camden Property Trust Stock Performance

Shares of Camden Property Trust stock opened at $93.04 on Friday. The firm has a market capitalization of $9.93 billion, a P/E ratio of 44.52, a price-to-earnings-growth ratio of 3.33 and a beta of 0.83. The business’s fifty day simple moving average is $91.07 and its 200 day simple moving average is $101.73. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.74. Camden Property Trust has a 12 month low of $82.81 and a 12 month high of $127.60.

Camden Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Investors of record on Friday, December 15th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 4.30%. The ex-dividend date is Thursday, December 14th. Camden Property Trust’s dividend payout ratio is presently 191.39%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP raised its position in Camden Property Trust by 85.7% during the 3rd quarter. Wellington Management Group LLP now owns 7,440 shares of the real estate investment trust’s stock valued at $704,000 after purchasing an additional 3,434 shares during the last quarter. American Century Companies Inc. raised its position in Camden Property Trust by 4.9% during the 3rd quarter. American Century Companies Inc. now owns 26,050 shares of the real estate investment trust’s stock valued at $2,464,000 after purchasing an additional 1,218 shares during the last quarter. Neo Ivy Capital Management bought a new position in Camden Property Trust during the 3rd quarter valued at approximately $1,121,000. Okabena Investment Services Inc. bought a new position in Camden Property Trust during the 3rd quarter valued at approximately $621,000. Finally, Public Sector Pension Investment Board raised its position in Camden Property Trust by 6.1% during the 3rd quarter. Public Sector Pension Investment Board now owns 21,760 shares of the real estate investment trust’s stock valued at $2,058,000 after purchasing an additional 1,246 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

Camden Property Trust Company Profile

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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 58,961 apartment homes across the United States.

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