UBS Group Boosts Camden Property Trust (NYSE:CPT) Price Target to $117.00

Camden Property Trust (NYSE:CPT) had its target price raised by UBS Group from $109.00 to $117.00 in a report published on Thursday morning, Benzinga reports. UBS Group currently has a neutral rating on the real estate investment trust’s stock.

A number of other brokerages have also weighed in on CPT. Wedbush boosted their target price on Camden Property Trust from $110.00 to $118.00 and gave the stock an outperform rating in a research report on Monday, May 6th. Scotiabank boosted their price target on Camden Property Trust from $104.00 to $108.00 and gave the company a sector perform rating in a research note on Tuesday, May 14th. Morgan Stanley boosted their price target on Camden Property Trust from $98.00 to $105.50 and gave the company an equal weight rating in a research note on Tuesday, May 14th. StockNews.com upgraded Camden Property Trust from a sell rating to a hold rating in a research note on Tuesday, April 30th. Finally, Royal Bank of Canada boosted their price target on Camden Property Trust from $107.00 to $110.00 and gave the company an outperform rating in a research note on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $107.75.

Camden Property Trust Price Performance

Shares of NYSE:CPT opened at $112.65 on Thursday. Camden Property Trust has a fifty-two week low of $82.81 and a fifty-two week high of $115.66. The business has a 50-day simple moving average of $107.45 and a two-hundred day simple moving average of $101.11. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market cap of $12.00 billion, a price-to-earnings ratio of 27.61, a price-to-earnings-growth ratio of 4.42 and a beta of 0.88.

Camden Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 17th. Shareholders of record on Friday, June 28th were paid 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 3.66%. Camden Property Trust’s payout ratio is 100.98%.

Institutional Trading of Camden Property Trust

Several hedge funds have recently modified their holdings of the company. William Blair Investment Management LLC raised its holdings in shares of Camden Property Trust by 3.8% during the 1st quarter. William Blair Investment Management LLC now owns 3,002 shares of the real estate investment trust’s stock worth $295,000 after acquiring an additional 109 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in Camden Property Trust by 0.7% during the 1st quarter. IFM Investors Pty Ltd now owns 17,866 shares of the real estate investment trust’s stock valued at $1,758,000 after buying an additional 118 shares during the period. ERn Financial LLC raised its holdings in Camden Property Trust by 2.0% during the 1st quarter. ERn Financial LLC now owns 6,136 shares of the real estate investment trust’s stock valued at $604,000 after buying an additional 118 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Camden Property Trust by 23.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 119 shares during the period. Finally, Lindbrook Capital LLC raised its holdings in Camden Property Trust by 90.4% during the 1st quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 132 shares during the period. 97.22% of the stock is owned by hedge funds and other institutional investors.

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.