Camden Property Trust (NYSE:CPT – Get 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.
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
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
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.
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