Camden Property Trust (NYSE:CPT) Hits New 12-Month High at $115.98

Camden Property Trust (NYSE:CPT) reached a new 52-week high during trading on Thursday . The company traded as high as $115.98 and last traded at $115.34, with a volume of 939844 shares changing hands. The stock had previously closed at $110.75.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CPT shares. UBS Group increased their target price on Camden Property Trust from $109.00 to $117.00 and gave the company a “neutral” rating in a research report on Thursday, July 18th. Truist Financial increased their target price on Camden Property Trust from $114.00 to $122.00 and gave the company a “buy” rating in a research report on Monday, June 24th. Morgan Stanley increased their price target on Camden Property Trust from $98.00 to $105.50 and gave the company an “equal weight” rating in a report on Tuesday, May 14th. Royal Bank of Canada increased their price target on Camden Property Trust from $107.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Finally, Mizuho decreased their price target on Camden Property Trust from $111.00 to $108.00 and set a “buy” rating on the stock in a report on Thursday, May 30th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $107.75.

Camden Property Trust Stock Performance

The company has a market capitalization of $12.59 billion, a PE ratio of 28.97, a PEG ratio of 4.50 and a beta of 0.88. The firm has a 50-day moving average of $108.92 and a two-hundred day moving average of $102.12. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.71.

Camden Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date was Friday, June 28th. Camden Property Trust’s dividend payout ratio (DPR) is presently 100.98%.

Institutional Trading of Camden Property Trust

Institutional investors have recently made changes to their positions in the company. Arizona State Retirement System boosted its stake in Camden Property Trust by 0.8% during the fourth quarter. Arizona State Retirement System now owns 29,345 shares of the real estate investment trust’s stock worth $2,914,000 after buying an additional 219 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in Camden Property Trust by 4.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 247,135 shares of the real estate investment trust’s stock worth $24,820,000 after buying an additional 10,023 shares during the last quarter. Boston Trust Walden Corp boosted its stake in Camden Property Trust by 0.7% during the fourth quarter. Boston Trust Walden Corp now owns 191,618 shares of the real estate investment trust’s stock worth $19,026,000 after buying an additional 1,388 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Camden Property Trust during the fourth quarter worth $90,900,000. Finally, Ceredex Value Advisors LLC acquired a new position in Camden Property Trust during the fourth quarter worth $11,868,000. 97.22% of the stock is owned by institutional investors and hedge funds.

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.