Camden Property Trust (NYSE:CPT) Stock Rating Upgraded by StockNews.com

Camden Property Trust (NYSE:CPT) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Other research analysts have also recently issued reports about the company. Morgan Stanley lifted their price objective on Camden Property Trust from $95.00 to $98.00 and gave the company an “equal weight” rating in a research report on Monday, February 26th. Barclays cut Camden Property Trust from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $138.00 to $100.00 in a report on Tuesday, February 20th. Truist Financial boosted their price target on Camden Property Trust from $113.00 to $114.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $103.00 price target on shares of Camden Property Trust in a report on Monday, February 5th. Finally, Wedbush reissued an “outperform” rating and issued a $110.00 price target on shares of Camden Property Trust in a report on Monday. Three analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $104.29.

Camden Property Trust Stock Down 1.1 %

CPT stock opened at $98.55 on Tuesday. Camden Property Trust has a twelve month low of $82.81 and a twelve month high of $114.04. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The stock has a market cap of $10.73 billion, a P/E ratio of 26.64, a PEG ratio of 3.76 and a beta of 0.83. The business’s 50-day moving average price is $97.57 and its 200-day moving average price is $95.23.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.31. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. The firm had revenue of $387.59 million for the quarter, compared to analysts’ expectations of $387.33 million. During the same period in the previous year, the firm earned $1.74 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. On average, equities research analysts forecast that Camden Property Trust will post 6.72 EPS for the current year.

Hedge Funds Weigh In On Camden Property Trust

Several large investors have recently modified their holdings of CPT. DekaBank Deutsche Girozentrale boosted its holdings in Camden Property Trust by 0.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 97,859 shares of the real estate investment trust’s stock valued at $9,272,000 after acquiring an additional 317 shares during the period. MBB Public Markets I LLC boosted its holdings in Camden Property Trust by 201.2% during the 3rd quarter. MBB Public Markets I LLC now owns 235,013 shares of the real estate investment trust’s stock valued at $22,228,000 after acquiring an additional 156,985 shares during the period. Twin Capital Management Inc. purchased a new position in Camden Property Trust during the 4th quarter valued at $811,000. Cerity Partners LLC purchased a new position in Camden Property Trust during the 4th quarter valued at $6,966,000. Finally, Bank of Nova Scotia boosted its holdings in Camden Property Trust by 13.8% during the 3rd quarter. Bank of Nova Scotia now owns 10,519 shares of the real estate investment trust’s stock valued at $995,000 after acquiring an additional 1,277 shares during the period. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Company Profile

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.