Brokerages Set Camden Property Trust (NYSE:CPT) Price Target at $102.90

Camden Property Trust (NYSE:CPT) has earned an average recommendation of “Buy” from the seventeen research firms that are currently covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $102.90.

A number of research firms recently issued reports on CPT. SunTrust Banks lifted their price target on shares of Camden Property Trust to $108.00 and gave the company a “buy” rating in a research note on Thursday, June 13th. Citigroup lifted their price target on shares of Camden Property Trust from $100.00 to $109.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. DA Davidson cut shares of Camden Property Trust from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 23rd. Zacks Investment Research cut shares of Camden Property Trust from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, KeyCorp lifted their price target on shares of Camden Property Trust from $105.00 to $112.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th.

In other Camden Property Trust news, COO H Malcolm Stewart sold 16,200 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $107.17, for a total value of $1,736,154.00. Following the transaction, the chief operating officer now owns 149,537 shares in the company, valued at approximately $16,025,880.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William B. Mcguire sold 1,979 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $104.12, for a total value of $206,053.48. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.



A number of hedge funds have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC purchased a new position in shares of Camden Property Trust during the 2nd quarter worth $26,000. HM Payson & Co. purchased a new position in shares of Camden Property Trust during the 2nd quarter worth $49,000. Icon Wealth Partners LLC purchased a new position in shares of Camden Property Trust during the 1st quarter worth $52,000. Penserra Capital Management LLC purchased a new position in shares of Camden Property Trust during the 1st quarter worth $58,000. Finally, Machina Capital S.A.S. purchased a new position in shares of Camden Property Trust during the 2nd quarter worth $62,000. Institutional investors own 93.41% of the company’s stock.

Shares of NYSE CPT traded down $0.27 during midday trading on Friday, reaching $108.97. 417,851 shares of the stock were exchanged, compared to its average volume of 506,021. The firm has a 50-day simple moving average of $106.73 and a two-hundred day simple moving average of $103.70. Camden Property Trust has a twelve month low of $83.67 and a twelve month high of $111.00. The firm has a market cap of $10.55 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 3.17 and a beta of 0.43. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.67.

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

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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