Camden Property Trust (NYSE:CPT) Rating Reiterated by BMO Capital Markets

BMO Capital Markets reaffirmed their buy rating on shares of Camden Property Trust (NYSE:CPT) in a research report released on Monday, AnalystRatings.com reports. They currently have a $115.00 price target on the real estate investment trust’s stock.

A number of other analysts also recently weighed in on the company. Zelman & Associates upgraded Camden Property Trust from a sell rating to a hold rating in a research report on Monday, August 12th. DA Davidson downgraded Camden Property Trust from a buy rating to a neutral rating in a research report on Tuesday, July 23rd. Zacks Investment Research downgraded Camden Property Trust from a buy rating to a hold rating in a research report on Thursday, September 12th. Barclays restated a buy rating and issued a $124.00 target price on shares of Camden Property Trust in a research report on Sunday, October 13th. Finally, JPMorgan Chase & Co. boosted their target price on Camden Property Trust from $110.00 to $111.00 and gave the stock an overweight rating in a research report on Thursday, October 10th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $110.92.

NYSE:CPT opened at $110.27 on Monday. The business has a 50 day moving average of $112.63 and a 200 day moving average of $107.07. The company has a market capitalization of $10.85 billion, a price-to-earnings ratio of 22.33, a PEG ratio of 3.22 and a beta of 0.39. Camden Property Trust has a 1-year low of $83.67 and a 1-year high of $116.67. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.76 and a quick ratio of 0.94.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, October 31st. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.28 by ($0.84). The firm had revenue of $260.67 million during the quarter, compared to the consensus estimate of $259.56 million. Camden Property Trust had a return on equity of 4.53% and a net margin of 16.22%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.20 EPS. As a group, sell-side analysts anticipate that Camden Property Trust will post 5.02 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were given a dividend of $0.80 per share. The ex-dividend date was Friday, September 27th. This represents a $3.20 annualized dividend and a dividend yield of 2.90%. Camden Property Trust’s dividend payout ratio (DPR) is presently 67.09%.

Several institutional investors have recently added to or reduced their stakes in CPT. Steward Partners Investment Advisory LLC bought a new position in shares of Camden Property Trust in the second quarter worth about $26,000. HM Payson & Co. purchased a new position in shares of Camden Property Trust in the 2nd quarter worth approximately $49,000. Capital Investment Advisory Services LLC purchased a new position in shares of Camden Property Trust in the 3rd quarter worth approximately $56,000. Machina Capital S.A.S. purchased a new position in shares of Camden Property Trust in the 2nd quarter worth approximately $62,000. Finally, NEXT Financial Group Inc boosted its holdings in shares of Camden Property Trust by 15.4% in the 2nd quarter. NEXT Financial Group Inc now owns 898 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 120 shares during the period. 93.56% of the stock is currently owned by institutional investors.

Camden Property Trust Company Profile

Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 161 properties containing 55,160 apartment homes across the United States.

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Analyst Recommendations for Camden Property Trust (NYSE:CPT)

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