Capital One Financial upgraded shares of Camden Property Trust (NYSE:CPT) from an equal weight rating to an overweight rating in a report released on Monday, BenzingaRatingsTable reports. Capital One Financial currently has $119.00 price target on the real estate investment trust’s stock, up from their prior price target of $107.00. Capital One Financial also issued estimates for Camden Property Trust’s Q3 2019 earnings at $1.27 EPS, Q4 2019 earnings at $1.31 EPS, FY2019 earnings at $5.08 EPS, Q1 2020 earnings at $1.30 EPS, Q2 2020 earnings at $1.35 EPS, Q3 2020 earnings at $1.34 EPS, Q4 2020 earnings at $1.38 EPS, FY2020 earnings at $5.37 EPS, Q1 2021 earnings at $1.38 EPS, Q2 2021 earnings at $1.44 EPS and FY2021 earnings at $5.76 EPS.

CPT has been the subject of several other research reports. Zacks Investment Research cut Camden Property Trust from a buy rating to a hold rating in a research note on Thursday, September 12th. SunTrust Banks raised their target price on Camden Property Trust to $108.00 and gave the stock a buy rating in a research note on Thursday, June 13th. KeyCorp raised their target price on Camden Property Trust from $105.00 to $112.00 and gave the stock an overweight rating in a research note on Wednesday, July 10th. Citigroup raised their target price on Camden Property Trust from $100.00 to $109.00 and gave the stock a neutral rating in a research note on Tuesday, July 30th. Finally, DA Davidson cut Camden Property Trust from a buy rating to a neutral rating in a research note on Tuesday, July 23rd. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $105.92.

Shares of CPT opened at $110.37 on Monday. Camden Property Trust has a 1 year low of $83.67 and a 1 year high of $111.23. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $10.60 billion, a price-to-earnings ratio of 23.14, a price-to-earnings-growth ratio of 3.15 and a beta of 0.43. The business has a 50-day moving average of $107.09 and a 200-day moving average of $104.09.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, July 25th. The real estate investment trust reported $0.43 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.84). Camden Property Trust had a return on equity of 4.48% and a net margin of 16.05%. The business had revenue of $255.76 million for the quarter, compared to analyst estimates of $252.76 million. During the same period in the prior year, the business earned $1.00 EPS. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Camden Property Trust will post 5.09 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $3.20 dividend on an annualized basis and a yield of 2.90%. Camden Property Trust’s dividend payout ratio (DPR) is presently 67.09%.

In other Camden Property Trust news, Director William B. Mcguire sold 1,979 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $104.12, for a total value of $206,053.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.40% of the company’s stock.

A number of institutional investors have recently made changes to their positions in CPT. Steward Partners Investment Advisory LLC acquired a new stake in Camden Property Trust in the second quarter valued at approximately $26,000. HM Payson & Co. acquired a new stake in Camden Property Trust in the second quarter valued at approximately $49,000. Icon Wealth Partners LLC acquired a new stake in Camden Property Trust in the first quarter valued at approximately $52,000. Penserra Capital Management LLC acquired a new stake in Camden Property Trust in the first quarter valued at approximately $58,000. Finally, Machina Capital S.A.S. acquired a new stake in Camden Property Trust in the second quarter valued at approximately $62,000. 93.43% of the stock is owned by hedge funds and other 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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