Camden Property Trust with ticker code (CPT) now have 18 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 154 and 122 and has a mean target at $134.72. Given that the stocks previous close was at $103.34 this now indicates there is a potential upside of 30.4%. It’s also worth noting that there is a 50 day moving average of $116.48 and the 200 day moving average is $122.99. The market cap for the company is $10,899m. Company Website: https://www.camdenliving.com
The potential market cap would be $14,209m based on the market consensus.
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.
The company has a dividend yield of 3.7% with the ex dividend date set at 30-3-2023 (DMY).
Other points of data to note are a P/E ratio of 16.91, revenue per share of 13.33 and a 1.94% return on assets.
