Camden Property Trust (NYSE:CPT) PT Raised to $110.00

Camden Property Trust (NYSE:CPT) had its price target hoisted by analysts at Royal Bank of Canada from $107.00 to $110.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s price target suggests a potential upside of 3.78% from the company’s previous close.

CPT has been the topic of a number of other research reports. Mizuho raised their price target on Camden Property Trust from $99.00 to $111.00 and gave the stock a “buy” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft initiated coverage on Camden Property Trust in a research report on Tuesday, January 30th. They issued a “hold” rating and a $90.00 price target on the stock. The Goldman Sachs Group initiated coverage on Camden Property Trust in a research report on Thursday, February 22nd. They issued a “buy” rating and a $112.00 price target on the stock. Wedbush raised their price target on Camden Property Trust from $110.00 to $118.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Morgan Stanley raised their price target on Camden Property Trust from $95.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Monday, February 26th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $107.06.

Camden Property Trust Stock Up 0.0 %

CPT opened at $105.99 on Monday. Camden Property Trust has a fifty-two week low of $82.81 and a fifty-two week high of $114.04. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.88 and a current ratio of 0.43. The company has a market capitalization of $11.54 billion, a P/E ratio of 25.98, a P/E/G ratio of 3.94 and a beta of 0.82. The stock has a fifty day moving average of $98.42 and a 200-day moving average of $95.49.

Institutional Trading of Camden Property Trust

A number of hedge funds have recently made changes to their positions in CPT. Lindbrook Capital LLC boosted its stake in shares of Camden Property Trust by 90.4% during the first quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 132 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Camden Property Trust by 60.8% in the third quarter. Parkside Financial Bank & Trust now owns 381 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 144 shares during the period. Tobam lifted its stake in shares of Camden Property Trust by 4,166.7% in the fourth quarter. Tobam now owns 384 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 375 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Camden Property Trust by 23.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 119 shares during the period. Finally, Quarry LP lifted its stake in shares of Camden Property Trust by 1,081.5% in the fourth quarter. Quarry LP now owns 638 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 584 shares during the period. 97.22% of the stock is owned by institutional investors and hedge funds.

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.