Fintel reports that on August 21, 2023, JP Morgan maintained coverage of Camden Property Trust (NYSE:CPT) with a Neutral recommendation.
Analyst Price Forecast Suggests 22.62% Upside
As of August 2, 2023, the average one-year price target for Camden Property Trust is 128.90. The forecasts range from a low of 103.02 to a high of $161.70. The average price target represents an increase of 22.62% from its latest reported closing price of 105.12.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Camden Property Trust is 1,574MM, an increase of 3.76%. The projected annual non-GAAP EPS is 1.49.
Camden Property Trust Declares $1.00 Dividend
On June 15, 2023 the company declared a regular quarterly dividend of $1.00 per share ($4.00 annualized). Shareholders of record as of June 30, 2023 received the payment on July 17, 2023. Previously, the company paid $1.00 per share.
At the current share price of $105.12 / share, the stock's dividend yield is 3.81%.
Looking back five years and taking a sample every week, the average dividend yield has been 3.08%, the lowest has been 1.88%, and the highest has been 4.93%. The standard deviation of yields is 0.54 (n=236).
The current dividend yield is 1.34 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 2.05. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.20%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1193 funds or institutions reporting positions in Camden Property Trust. This is a decrease of 53 owner(s) or 4.25% in the last quarter. Average portfolio weight of all funds dedicated to CPT is 0.38%, an increase of 20.70%. Total shares owned by institutions increased in the last three months by 0.81% to 118,514K shares. 
The put/call ratio of CPT is 1.98, indicating a bearish outlook.
What are Other Shareholders Doing?
Cohen & Steers holds 12,103K shares representing 11.34% ownership of the company. In it's prior filing, the firm reported owning 12,176K shares, representing a decrease of 0.60%. The firm increased its portfolio allocation in CPT by 0.66% over the last quarter.
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 4,448K shares representing 4.17% ownership of the company. In it's prior filing, the firm reported owning 4,513K shares, representing a decrease of 1.48%. The firm decreased its portfolio allocation in CPT by 2.47% over the last quarter.
Victory Capital Management holds 3,556K shares representing 3.33% ownership of the company. In it's prior filing, the firm reported owning 2,705K shares, representing an increase of 23.94%. The firm decreased its portfolio allocation in CPT by 17.13% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,301K shares representing 3.09% ownership of the company. In it's prior filing, the firm reported owning 3,236K shares, representing an increase of 1.97%. The firm decreased its portfolio allocation in CPT by 11.74% over the last quarter.
Jpmorgan Chase holds 2,857K shares representing 2.68% ownership of the company. In it's prior filing, the firm reported owning 2,048K shares, representing an increase of 28.33%. The firm increased its portfolio allocation in CPT by 929.36% over the last quarter.
Camden Property Trust Background Information
(This description is provided by the company.)
Camden Property Trust, an S&P 400 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 167 properties containing 56,850 apartment homes across the United States. Upon completion of 7 properties currently under development, the Company's portfolio will increase to 59,104 apartment homes in 174 properties. Camden has been recognized as one of the 100 Best Companies to Work For® by FORTUNE magazine for 13 consecutive years, most recently ranking #18. The Company also received a Glassdoor Employees' Choice Award in 2020, ranking #25 for large U.S. companies.
Additional reading:
- CAMDEN PROPERTY TRUST ANNOUNCES SECOND QUARTER 2023 OPERATING RESULTS
- CAMDEN TABLE OF CONTENTS
- CAMDEN PROPERTY TRUST ANNOUNCES FIRST QUARTER 2023 OPERATING RESULTS
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