Camden Property Trust Price Target Cut to $75.00 by Analysts at JPMorgan Chase & Co. (CPT)
JPMorgan Chase & Co. cut their price objective on shares of Camden Property Trust (NYSE:CPT) from $76.00 to $75.00 in a research note issued on Wednesday, Analyst Ratings Network reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 19.69% from the company’s current price.
Shares of Camden Property Trust (NYSE:CPT) traded up 0.51% during mid-day trading on Wednesday, hitting $62.66. The stock had a trading volume of 460,643 shares. Camden Property Trust has a 1-year low of $60.00 and a 1-year high of $76.06. The stock’s 50-day moving average is $63.38 and its 200-day moving average is $68.54. The company has a market cap of $5.342 billion and a P/E ratio of 17.84.
Camden Property Trust (NYSE:CPT) last released its earnings data on Thursday, July 25th. The company reported $1.02 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.99 by $0.03. During the same quarter last year, the company posted $0.89 earnings per share. On average, analysts predict that Camden Property Trust will post $4.05 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 17th. Investors of record on Monday, September 30th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend is Thursday, September 26th.
A number of other analysts have also recently weighed in on CPT. Analysts at Cowen and Company cut their price target on shares of Camden Property Trust from $74.00 to $66.00 in a research note to investors on Thursday, September 12th. They now have a “market perform” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Camden Property Trust from $78.00 to $79.00 in a research note to investors on Tuesday, July 30th. They now have an “outperform” rating on the stock. Finally, analysts at Macquarie downgraded shares of Camden Property Trust from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, July 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $75.25.
Camden Property Trust is a real estate investment trust. The Company is engaged in ownership, management, development, acquisition, and construction of multi-family apartment communities.
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