Camden Property Trust (NYSE:CPT) PT Raised to $118.00

Camden Property Trust (NYSE:CPT) had its price target boosted by research analysts at Wedbush from $110.00 to $118.00 in a report released on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Wedbush’s price target would suggest a potential upside of 11.33% from the stock’s previous close. Wedbush also issued estimates for Camden Property Trust’s Q3 2024 earnings at $1.69 EPS and FY2025 earnings at $6.90 EPS.

A number of other equities research analysts have also weighed in on CPT. Mizuho boosted their target price on shares of Camden Property Trust from $99.00 to $111.00 and gave the company a “buy” rating in a research note on Monday. Piper Sandler upgraded shares of Camden Property Trust from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $90.00 to $110.00 in a research note on Monday. StockNews.com upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $103.00 target price on shares of Camden Property Trust in a research note on Monday, February 5th. Finally, Morgan Stanley boosted their target price on shares of Camden Property Trust from $95.00 to $98.00 and gave the company an “equal weight” rating in a research note on Monday, February 26th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $107.06.

Camden Property Trust Stock Performance

CPT stock opened at $105.99 on Monday. The stock has a market capitalization of $11.54 billion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 3.94 and a beta of 0.82. Camden Property Trust has a 12-month low of $82.81 and a 12-month high of $114.04. The company has a current ratio of 0.43, a quick ratio of 0.88 and a debt-to-equity ratio of 0.71. The stock’s 50 day simple moving average is $98.42 and its 200 day simple moving average is $95.49.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CPT. Norges Bank bought a new position in Camden Property Trust in the 4th quarter worth $376,933,000. Centersquare Investment Management LLC boosted its holdings in Camden Property Trust by 2,517.6% in the 4th quarter. Centersquare Investment Management LLC now owns 1,398,343 shares of the real estate investment trust’s stock worth $138,841,000 after buying an additional 1,344,923 shares during the period. JPMorgan Chase & Co. boosted its holdings in Camden Property Trust by 41.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,044,988 shares of the real estate investment trust’s stock worth $382,575,000 after buying an additional 1,187,974 shares during the period. BNP Paribas Financial Markets boosted its holdings in Camden Property Trust by 111.4% in the 4th quarter. BNP Paribas Financial Markets now owns 573,956 shares of the real estate investment trust’s stock worth $56,988,000 after buying an additional 302,439 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Camden Property Trust by 23.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,465,159 shares of the real estate investment trust’s stock worth $145,478,000 after buying an additional 277,634 shares during the period. Institutional investors own 97.22% of the company’s stock.

About Camden Property Trust

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.