Camden Property Trust Given Neutral Rating at JPMorgan Chase & Co. (CPT)
Camden Property Trust (NYSE:CPT)‘s stock had its “neutral” rating restated by equities researchers at JPMorgan Chase & Co. in a research report issued on Friday. They currently have a $72.00 price target on the stock, down from their previous price target of $73.00. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 2.23% from the stock’s previous close.
Shares of Camden Property Trust (NYSE:CPT) traded down 0.72% on Friday, hitting $69.92. 278,605 shares of the company’s stock traded hands. Camden Property Trust has a 52-week low of $56.09 and a 52-week high of $74.23. The stock has a 50-day moving average of $70.2 and a 200-day moving average of $65.2. The company has a market cap of $5.983 billion and a price-to-earnings ratio of 20.12.
Camden Property Trust (NYSE:CPT) last released its earnings data on Tuesday, May 6th. The company reported $1.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.04 by $0.01. The company had revenue of $205.90 million for the quarter, compared to the consensus estimate of $205.72 million. During the same quarter last year, the company posted $0.96 earnings per share. Camden Property Trust’s revenue was up 8.5% compared to the same quarter last year. Analysts expect that Camden Property Trust will post $4.23 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 17th. Investors of record on Monday, June 30th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.75%. The ex-dividend date is Thursday, June 26th.
Separately, analysts at Imperial Capital raised their price target on shares of Camden Property Trust from $68.00 to $78.00 in a research note on Thursday, May 8th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Camden Property Trust currently has an average rating of “Hold” and an average target price of $58.79.
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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