StockNews.com downgraded shares of Camden Property Trust (NYSE:CPT – Free Report) from a hold rating to a sell rating in a research report released on Thursday morning.
A number of other analysts have also weighed in on the stock. Barclays lowered shares of Camden Property Trust from an overweight rating to an equal weight rating and reduced their price objective for the company from $138.00 to $100.00 in a research note on Tuesday, February 20th. Royal Bank of Canada restated an outperform rating and issued a $103.00 price objective on shares of Camden Property Trust in a report on Monday, February 5th. Truist Financial reiterated a buy rating and set a $113.00 target price (down from $121.00) on shares of Camden Property Trust in a research note on Wednesday, March 13th. Piper Sandler restated an underweight rating and issued a $90.00 price target on shares of Camden Property Trust in a research note on Tuesday, March 26th. Finally, BMO Capital Markets reiterated a market perform rating and issued a $100.00 price objective on shares of Camden Property Trust in a report on Friday, December 15th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Hold and an average price target of $104.24.
View Our Latest Research Report on CPT
Camden Property Trust Price Performance
CPT stock opened at $95.87 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a 50 day moving average price of $96.22 and a 200-day moving average price of $95.01. Camden Property Trust has a 52-week low of $82.81 and a 52-week high of $114.04. The firm has a market capitalization of $10.26 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 3.58 and a beta of 0.83.
Camden Property Trust (NYSE:CPT – Get Free Report) last announced its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.31. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. The business had revenue of $387.59 million during the quarter, compared to analysts’ expectations of $387.33 million. During the same quarter in the previous year, the business earned $1.74 earnings per share. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. Equities research analysts forecast that Camden Property Trust will post 6.75 EPS for the current fiscal year.
Camden Property Trust Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 17th. Investors of record on Friday, March 29th will be given a dividend of $1.03 per share. The ex-dividend date is Wednesday, March 27th. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.00. This represents a $4.12 annualized dividend and a yield of 4.30%. Camden Property Trust’s payout ratio is 111.35%.
Institutional Trading of Camden Property Trust
A number of hedge funds and other institutional investors have recently bought and sold shares of CPT. Norges Bank bought a new position in shares of Camden Property Trust during the 4th quarter valued at approximately $376,933,000. Centersquare Investment Management LLC boosted its position in shares of Camden Property Trust by 2,517.6% in the fourth quarter. Centersquare Investment Management LLC now owns 1,398,343 shares of the real estate investment trust’s stock worth $138,841,000 after purchasing an additional 1,344,923 shares during the period. JPMorgan Chase & Co. raised its position in shares of Camden Property Trust by 41.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,044,988 shares of the real estate investment trust’s stock valued at $382,575,000 after purchasing an additional 1,187,974 shares during the period. Long Pond Capital LP lifted its stake in shares of Camden Property Trust by 149.0% during the 4th quarter. Long Pond Capital LP now owns 948,280 shares of the real estate investment trust’s stock valued at $106,094,000 after buying an additional 567,487 shares in the last quarter. Finally, State Street Corp boosted its holdings in Camden Property Trust by 9.8% in the 1st quarter. State Street Corp now owns 6,066,515 shares of the real estate investment trust’s stock worth $1,013,817,000 after buying an additional 540,683 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.
Camden Property Trust Company Profile
Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,634 apartment homes across the United States.
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StockNews.com lowered shares of Essex Property Trust (NYSE:ESS – Free Report) from a hold rating to a sell rating in a research note published on Tuesday morning.
ESS has been the subject of a number of other reports. Barclays raised their target price on shares of Essex Property Trust from $224.00 to $225.00 and gave the stock an underweight rating in a report on Tuesday, February 20th. Mizuho raised their target price on shares of Essex Property Trust from $232.00 to $256.00 and gave the stock a neutral rating in a report on Wednesday, January 10th. Royal Bank of Canada raised their target price on shares of Essex Property Trust from $237.00 to $239.00 and gave the stock an outperform rating in a report on Thursday, February 8th. Jefferies Financial Group upgraded shares of Essex Property Trust from a hold rating to a buy rating and raised their target price for the stock from $215.00 to $281.00 in a report on Tuesday, January 2nd. Finally, Morgan Stanley raised their price objective on shares of Essex Property Trust from $227.00 to $230.00 and gave the stock an equal weight rating in a research note on Monday. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $242.72.
Get Our Latest Stock Report on Essex Property Trust
Essex Property Trust Trading Up 0.9 %
Shares of NYSE:ESS opened at $227.73 on Tuesday. The stock has a market capitalization of $14.62 billion, a price-to-earnings ratio of 36.09, a PEG ratio of 2.91 and a beta of 0.80. Essex Property Trust has a 1-year low of $195.03 and a 1-year high of $252.85. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.63 and a current ratio of 2.63. The company has a 50 day moving average price of $238.84 and a 200 day moving average price of $227.80.
Essex Property Trust Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 29th will be issued a $2.45 dividend. This represents a $9.80 annualized dividend and a yield of 4.30%. The ex-dividend date is Wednesday, March 27th. This is an increase from Essex Property Trust’s previous quarterly dividend of $2.31. Essex Property Trust’s dividend payout ratio (DPR) is 146.43%.
Institutional Trading of Essex Property Trust
Several hedge funds and other institutional investors have recently bought and sold shares of ESS. Steward Partners Investment Advisory LLC grew its position in Essex Property Trust by 100.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 120 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 60 shares during the last quarter. Clear Street Markets LLC acquired a new stake in shares of Essex Property Trust during the 4th quarter valued at about $25,000. Lindbrook Capital LLC boosted its position in shares of Essex Property Trust by 111.5% during the 4th quarter. Lindbrook Capital LLC now owns 110 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 58 shares in the last quarter. Pacific Center for Financial Services acquired a new stake in shares of Essex Property Trust during the 1st quarter valued at about $30,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Essex Property Trust during the 1st quarter valued at about $32,000. 92.93% of the stock is currently owned by institutional investors and hedge funds.
Essex Property Trust Company Profile
Essex Property Trust, Inc, an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 252 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development.
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