Brokerages Set Camden Property Trust (NYSE:CPT) Target Price at $104.29

Shares of Camden Property Trust (NYSE:CPT) have been given an average recommendation of “Hold” by the seventeen analysts that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $104.29.

A number of analysts have weighed in on CPT shares. Morgan Stanley increased their target price on Camden Property Trust from $95.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Monday, February 26th. The Goldman Sachs Group assumed coverage on shares of Camden Property Trust in a research report on Thursday, February 22nd. They issued a “buy” rating and a $112.00 price objective for the company. StockNews.com raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a $103.00 price target on shares of Camden Property Trust in a report on Monday, February 5th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Camden Property Trust in a report on Tuesday, January 30th. They set a “hold” rating and a $90.00 price objective on the stock.

Institutional Trading of Camden Property Trust

Hedge funds have recently modified their holdings of the company. Commonwealth Equity Services LLC grew its stake in shares of Camden Property Trust by 18.8% during the third quarter. Commonwealth Equity Services LLC now owns 2,311 shares of the real estate investment trust’s stock worth $219,000 after acquiring an additional 366 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Camden Property Trust by 5.5% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 7,952 shares of the real estate investment trust’s stock worth $752,000 after buying an additional 418 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Camden Property Trust by 3,054.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 28,232 shares of the real estate investment trust’s stock valued at $2,670,000 after acquiring an additional 27,337 shares during the period. Xponance Inc. grew its stake in shares of Camden Property Trust by 3.3% during the 3rd quarter. Xponance Inc. now owns 14,782 shares of the real estate investment trust’s stock worth $1,398,000 after purchasing an additional 472 shares during the period. Finally, Raymond James & Associates increased its holdings in shares of Camden Property Trust by 9.0% during the 3rd quarter. Raymond James & Associates now owns 87,545 shares of the real estate investment trust’s stock valued at $8,280,000 after purchasing an additional 7,199 shares in the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Price Performance

CPT stock opened at $105.08 on Friday. The stock has a market cap of $11.44 billion, a PE ratio of 25.75, a P/E/G 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 50-day moving average price of $97.89 and a 200 day moving average price of $95.31. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.74.

Camden Property Trust (NYSE:CPT) last released its earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.31. Camden Property Trust had a return on equity of 8.92% and a net margin of 28.78%. The firm had revenue of $387.59 million for the quarter, compared to analysts’ expectations of $387.33 million. During the same quarter in the prior year, the firm posted $1.74 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Equities research analysts anticipate that Camden Property Trust will post 6.72 earnings per share for the current year.

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.