Camden Property Trust (NYSE:CPT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Camden Property Trust (NYSE:CPTGet Rating) has been given a consensus recommendation of “Moderate Buy” by the fifteen ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $148.83.

Several research analysts recently commented on CPT shares. The Goldman Sachs Group cut their price target on shares of Camden Property Trust from $158.00 to $128.00 and set a “neutral” rating on the stock in a report on Tuesday, October 18th. Truist Financial lifted their price objective on shares of Camden Property Trust from $149.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, August 18th. StockNews.com downgraded shares of Camden Property Trust from a “hold” rating to a “sell” rating in a report on Monday, October 31st. Stifel Nicolaus cut their target price on Camden Property Trust from $175.00 to $152.00 in a research note on Friday, October 7th. Finally, Piper Sandler cut their price objective on shares of Camden Property Trust from $165.00 to $142.00 and set an “overweight” rating on the stock in a research note on Friday, October 7th.

Insider Activity

In other Camden Property Trust news, Director Kelvin R. Westbrook sold 1,820 shares of the stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $130.77, for a total value of $238,001.40. Following the transaction, the director now owns 24,932 shares of the company’s stock, valued at $3,260,357.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Camden Property Trust

Several large investors have recently modified their holdings of the business. Toroso Investments LLC grew its holdings in shares of Camden Property Trust by 6.1% during the third quarter. Toroso Investments LLC now owns 11,983 shares of the real estate investment trust’s stock worth $1,431,000 after buying an additional 686 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in Camden Property Trust during the 3rd quarter worth approximately $1,507,000. California State Teachers Retirement System lifted its holdings in Camden Property Trust by 0.9% during the 3rd quarter. California State Teachers Retirement System now owns 168,559 shares of the real estate investment trust’s stock worth $20,134,000 after purchasing an additional 1,491 shares during the last quarter. National Pension Service lifted its holdings in Camden Property Trust by 0.3% during the 3rd quarter. National Pension Service now owns 160,674 shares of the real estate investment trust’s stock worth $18,995,000 after purchasing an additional 452 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in Camden Property Trust by 3.4% during the 3rd quarter. Captrust Financial Advisors now owns 7,138 shares of the real estate investment trust’s stock worth $853,000 after purchasing an additional 236 shares during the last quarter. 94.08% of the stock is currently owned by institutional investors.

Camden Property Trust Price Performance

NYSE:CPT opened at $117.38 on Friday. The firm has a market cap of $12.50 billion, a price-to-earnings ratio of 15.47, a price-to-earnings-growth ratio of 3.19 and a beta of 0.73. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.72. The company’s 50-day moving average is $116.10 and its two-hundred day moving average is $129.50. Camden Property Trust has a 12-month low of $107.90 and a 12-month high of $180.37.

Camden Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 17th. Shareholders of record on Friday, September 30th were paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date was Thursday, September 29th. Camden Property Trust’s dividend payout ratio is currently 49.54%.

About Camden Property Trust

(Get Rating)

Camden Property Trust, an S&P 400 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 167 properties containing 56,850 apartment homes across the United States.

Read More

Analyst Recommendations for Camden Property Trust (NYSE:CPT)

Receive News & Ratings for Camden Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camden Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.