Truist Financial Boosts Camden Property Trust (NYSE:CPT) Price Target to $114.00

Camden Property Trust (NYSE:CPTFree Report) had its price target lifted by Truist Financial from $113.00 to $114.00 in a report published on Tuesday, Benzinga reports. Truist Financial currently has a buy rating on the real estate investment trust’s stock.

A number of other analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Camden Property Trust in a research report on Tuesday, January 30th. They issued a hold rating and a $90.00 price objective for the company. StockNews.com cut Camden Property Trust from a hold rating to a sell rating in a research report on Thursday, April 4th. Mizuho cut their price objective on Camden Property Trust from $103.00 to $99.00 and set a buy rating for the company in a research report on Wednesday, February 28th. Piper Sandler reiterated an underweight rating and set a $90.00 price target on shares of Camden Property Trust in a research report on Tuesday, March 26th. Finally, Royal Bank of Canada reiterated an outperform rating and set a $103.00 price target on shares of Camden Property Trust in a research report on Monday, February 5th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Camden Property Trust has an average rating of Hold and an average price target of $104.29.

Check Out Our Latest Report on Camden Property Trust

Camden Property Trust Stock Down 2.0 %

Camden Property Trust stock opened at $97.94 on Tuesday. The stock has a market capitalization of $10.66 billion, a PE ratio of 26.47, a price-to-earnings-growth ratio of 3.78 and a beta of 0.83. Camden Property Trust has a 12 month low of $82.81 and a 12 month high of $114.04. The business has a 50 day simple moving average of $96.78 and a 200-day simple moving average of $95.01. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.88.

Camden Property Trust (NYSE:CPTGet Free Report) last posted its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.31. The business had revenue of $387.59 million during the quarter, compared to analysts’ expectations of $387.33 million. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.74 earnings per share. On average, analysts anticipate that Camden Property Trust will post 6.73 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th will be paid a dividend of $1.03 per share. The ex-dividend date is Wednesday, March 27th. This represents a $4.12 dividend on an annualized basis and a yield of 4.21%. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.00. Camden Property Trust’s payout ratio is 111.35%.

Hedge Funds Weigh In On Camden Property Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale boosted its stake in Camden Property Trust by 0.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 97,859 shares of the real estate investment trust’s stock worth $9,272,000 after buying an additional 317 shares during the last quarter. MBB Public Markets I LLC lifted its stake in shares of Camden Property Trust by 201.2% in the 3rd quarter. MBB Public Markets I LLC now owns 235,013 shares of the real estate investment trust’s stock valued at $22,228,000 after purchasing an additional 156,985 shares during the last quarter. Bank of Nova Scotia lifted its stake in shares of Camden Property Trust by 13.8% in the 3rd quarter. Bank of Nova Scotia now owns 10,519 shares of the real estate investment trust’s stock valued at $995,000 after purchasing an additional 1,277 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Camden Property Trust by 8.7% in the 4th quarter. Nordea Investment Management AB now owns 61,057 shares of the real estate investment trust’s stock valued at $6,084,000 after purchasing an additional 4,885 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Camden Property Trust by 205.2% in the 4th quarter. SG Americas Securities LLC now owns 27,664 shares of the real estate investment trust’s stock valued at $2,747,000 after purchasing an additional 18,599 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Camden Property Trust (NYSE:CPT)

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