Camden Property Trust (NYSE:CPT) Raised to “Neutral” at Piper Sandler

Piper Sandler upgraded shares of Camden Property Trust (NYSE:CPT) from an underweight rating to a neutral rating in a research report released on Monday, Marketbeat reports. They currently have $110.00 price target on the real estate investment trust’s stock, up from their previous price target of $90.00.

Other equities research analysts have also issued research reports about the company. Barclays lowered Camden Property Trust from an overweight rating to an equal weight rating and lowered their price objective for the company from $138.00 to $100.00 in a report on Tuesday, February 20th. StockNews.com upgraded shares of Camden Property Trust from a sell rating to a hold rating in a research report on Tuesday, April 30th. Mizuho reduced their price target on shares of Camden Property Trust from $103.00 to $99.00 and set a buy rating for the company in a research report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft began coverage on shares of Camden Property Trust in a research report on Tuesday, January 30th. They set a hold rating and a $90.00 price target for the company. Finally, Truist Financial lifted their price target on shares of Camden Property Trust from $113.00 to $114.00 and gave the company a buy rating in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Camden Property Trust presently has an average rating of Hold and an average price target of $107.06.

Camden Property Trust Price Performance

Shares of CPT opened at $104.18 on Monday. Camden Property Trust has a twelve month low of $82.81 and a twelve month high of $114.04. The stock’s 50 day moving average is $98.62 and its two-hundred day moving average is $95.55. The firm has a market capitalization of $11.34 billion, a PE ratio of 25.53, a P/E/G ratio of 3.94 and a beta of 0.82. The company has a current ratio of 0.43, a quick ratio of 0.88 and a debt-to-equity ratio of 0.71.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CPT. Lindbrook Capital LLC raised its holdings in Camden Property Trust by 90.4% in the 1st quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 132 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in Camden Property Trust by 60.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 381 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 144 shares during the last quarter. Tobam grew its stake in shares of Camden Property Trust by 4,166.7% during the 4th quarter. Tobam now owns 384 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 375 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Camden Property Trust by 23.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 119 shares during the period. Finally, Quarry LP grew its stake in shares of Camden Property Trust by 1,081.5% during the 4th quarter. Quarry LP now owns 638 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 584 shares during the period. 97.22% of the stock is currently owned by institutional investors and hedge funds.

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.