Camden Property Trust Given Average Rating of “Hold” by Brokerages (NYSE:CPT)
Shares of Camden Property Trust (NYSE:CPT) have been given an average rating of “Hold” by the eight analysts that are covering the company, AnalystRatings.Net reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $58.79.
Camden Property Trust (NYSE:CPT) traded down 0.24% on Monday, hitting $70.19. 67,833 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’s 50-day moving average is $70.31 and its 200-day moving average is $65.29. The company has a market cap of $6.006 billion and a P/E ratio of 20.10.
Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $1.05 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.96 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. On average, analysts predict that Camden Property Trust will post $4.24 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 17th. Shareholders of record on Monday, June 30th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Thursday, June 26th.
A number of analysts have recently weighed in on CPT shares. Analysts at JPMorgan Chase & Co. cut their price target on shares of Camden Property Trust from $73.00 to $72.00 in a research note on Friday. They now have a “neutral” rating on the stock. 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.
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.