Camden Property Trust (NYSE:CPT) Price Target Cut to $127.00 by Analysts at Royal Bank of Canada

Camden Property Trust (NYSE:CPT) had its target price lowered by Royal Bank of Canada from $131.00 to $127.00 in a report published on Monday morning, Benzinga reports. The brokerage currently has a sector perform rating on the real estate investment trust’s stock.

Other research analysts have also recently issued research reports about the stock. UBS Group upped their price target on shares of Camden Property Trust from $109.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. Wells Fargo & Company upgraded Camden Property Trust from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $104.00 to $127.00 in a research note on Monday, August 26th. Jefferies Financial Group assumed coverage on Camden Property Trust in a research report on Friday, October 11th. They set a “hold” rating and a $123.00 price target for the company. Wedbush upped their price objective on shares of Camden Property Trust from $118.00 to $131.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, Piper Sandler lifted their target price on shares of Camden Property Trust from $110.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Camden Property Trust currently has a consensus rating of “Hold” and an average target price of $122.03.

Camden Property Trust Stock Performance

Camden Property Trust stock opened at $115.91 on Monday. Camden Property Trust has a 1-year low of $85.30 and a 1-year high of $127.69. The company has a current ratio of 0.15, a quick ratio of 0.37 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $12.36 billion, a PE ratio of 36.68, a price-to-earnings-growth ratio of 4.25 and a beta of 0.91. The firm’s 50 day simple moving average is $121.89 and its 200 day simple moving average is $113.63.

Camden Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were paid a $1.03 dividend. The ex-dividend date was Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.55%. Camden Property Trust’s dividend payout ratio (DPR) is currently 130.38%.

Institutional Trading of Camden Property Trust

Institutional investors have recently made changes to their positions in the stock. Kings Path Partners LLC bought a new stake in Camden Property Trust during the 2nd quarter valued at $33,000. Federated Hermes Inc. bought a new stake in Camden Property Trust in the second quarter valued at $33,000. Family Firm Inc. bought a new position in Camden Property Trust in the 2nd quarter worth $39,000. Versant Capital Management Inc lifted its holdings in Camden Property Trust by 2,187.5% in the second quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 350 shares during the period. Finally, American Capital Advisory LLC lifted its stake in shares of Camden Property Trust by 42.7% in the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 128 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Company Profile

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 58,250 apartment homes across the United States.