Camden Property Trust (CPT) Declares Quarterly Dividend of $0.66
Camden Property Trust (NYSE:CPT) announced a quarterly dividend on Thursday, January 30th, Stock Ratings Network reports. Investors of record on Monday, March 31st will be paid a dividend of 0.66 per share on Thursday, April 17th. This represents a $2.64 annualized dividend and a dividend yield of 4.37%.
CPT has been the subject of a number of recent research reports. Analysts at Barclays cut their price target on shares of Camden Property Trust from $78.00 to $73.00 in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. On a related note, analysts at Deutsche Bank cut their price target on shares of Camden Property Trust from $75.00 to $64.00 in a research note to investors on Monday. They now have a “hold” rating on the stock. Finally, analysts at UBS AG downgraded shares of Camden Property Trust from a “buy” rating to a “neutral” rating in a research note to investors on Friday, January 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Camden Property Trust has a consensus rating of “Hold” and a consensus target price of $60.56.
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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