Camden Property Trust (NYSE:CPT) Receives New Coverage from Analysts at Deutsche Bank Aktiengesellschaft

Equities researchers at Deutsche Bank Aktiengesellschaft assumed coverage on shares of Camden Property Trust (NYSE:CPTGet Free Report) in a report released on Tuesday, Briefing.com reports. The brokerage set a “hold” rating and a $90.00 price target on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential downside of 4.04% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the stock. UBS Group cut shares of Camden Property Trust from a “buy” rating to a “neutral” rating and dropped their price target for the company from $127.00 to $94.00 in a research report on Monday, November 6th. Piper Sandler cut shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $126.00 to $80.00 in a research report on Tuesday, October 31st. Wedbush assumed coverage on shares of Camden Property Trust in a research report on Tuesday, October 3rd. They set an “outperform” rating and a $110.00 price target for the company. Truist Financial dropped their price target on shares of Camden Property Trust from $122.00 to $121.00 and set a “buy” rating for the company in a research report on Tuesday, January 16th. Finally, Bank of America cut shares of Camden Property Trust from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $101.00 to $84.00 in a research report on Tuesday, October 31st. Four analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Camden Property Trust presently has an average rating of “Hold” and an average price target of $107.24.

Get Our Latest Analysis on Camden Property Trust

Camden Property Trust Price Performance

Shares of Camden Property Trust stock opened at $93.79 on Tuesday. The stock has a market capitalization of $10.01 billion, a price-to-earnings ratio of 44.88, a price-to-earnings-growth ratio of 3.68 and a beta of 0.86. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.10 and a current ratio of 0.10. The company has a fifty day moving average of $96.29 and a 200-day moving average of $98.47. Camden Property Trust has a 52-week low of $82.81 and a 52-week high of $127.60.

Insider Activity at Camden Property Trust

In related news, CFO Alexander J. Jessett sold 9,803 shares of Camden Property Trust stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $98.21, for a total transaction of $962,752.63. Following the completion of the transaction, the chief financial officer now directly owns 114,893 shares of the company’s stock, valued at approximately $11,283,641.53. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Camden Property Trust news, Director Heather J. Brunner sold 1,325 shares of Camden Property Trust stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $98.21, for a total value of $130,128.25. Following the completion of the transaction, the director now directly owns 10,230 shares of the company’s stock, valued at $1,004,688.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Alexander J. Jessett sold 9,803 shares of Camden Property Trust stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $98.21, for a total transaction of $962,752.63. Following the completion of the transaction, the chief financial officer now directly owns 114,893 shares of the company’s stock, valued at $11,283,641.53. The disclosure for this sale can be found here. Insiders sold a total of 55,957 shares of company stock valued at $5,495,920 in the last three months. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Camden Property Trust by 2.8% in the first quarter. Vanguard Group Inc. now owns 14,955,322 shares of the real estate investment trust’s stock worth $2,485,575,000 after buying an additional 412,019 shares during the last quarter. BlackRock Inc. raised its holdings in Camden Property Trust by 1.6% in the first quarter. BlackRock Inc. now owns 9,961,282 shares of the real estate investment trust’s stock worth $1,044,341,000 after buying an additional 157,326 shares during the last quarter. State Street Corp raised its holdings in Camden Property Trust by 0.7% in the first quarter. State Street Corp now owns 6,890,494 shares of the real estate investment trust’s stock worth $729,147,000 after buying an additional 45,705 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Camden Property Trust by 41.6% in the third quarter. JPMorgan Chase & Co. now owns 4,044,988 shares of the real estate investment trust’s stock worth $382,575,000 after acquiring an additional 1,187,974 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of Camden Property Trust by 99,189.8% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,795,848 shares of the real estate investment trust’s stock worth $413,254,000 after acquiring an additional 3,792,025 shares during the period. 95.04% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Company Profile

(Get Free Report)

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 58,961 apartment homes across the United States.

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Analyst Recommendations for Camden Property Trust (NYSE:CPT)

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