Mizuho Raises Camden Property Trust (NYSE:CPT) Price Target to $111.00

Camden Property Trust (NYSE:CPT) had its price objective raised by Mizuho from $99.00 to $111.00 in a research report report published on Monday, Benzinga reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Other equities analysts have also recently issued research reports about the company. Wedbush reiterated an outperform rating and issued a $110.00 price target on shares of Camden Property Trust in a report on Monday, April 29th. Deutsche Bank Aktiengesellschaft started 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 on the stock. The Goldman Sachs Group started coverage on Camden Property Trust in a research note on Thursday, February 22nd. They set a buy rating and a $112.00 target price for the company. Piper Sandler raised shares of Camden Property Trust from an underweight rating to a neutral rating and increased their price objective for the stock from $90.00 to $110.00 in a research report on Monday. Finally, Barclays lowered shares of Camden Property Trust from an overweight rating to an equal weight rating and reduced their target price for the stock from $138.00 to $100.00 in a research note on Tuesday, February 20th. Two research 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. According to data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $107.06.

Camden Property Trust Stock Down 1.7 %

Shares of NYSE CPT opened at $104.18 on Monday. The business has a fifty day moving average of $98.62 and a two-hundred day moving average of $95.55. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.88 and a current ratio of 0.43. Camden Property Trust has a 52-week low of $82.81 and a 52-week high of $114.04. The stock has a market cap of $11.34 billion, a PE ratio of 25.53, a PEG ratio of 3.94 and a beta of 0.82.

Hedge Funds Weigh In On Camden Property Trust

A number of hedge funds have recently modified their holdings of CPT. Vanguard Group Inc. lifted its stake in Camden Property Trust by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 17,002,453 shares of the real estate investment trust’s stock worth $1,688,174,000 after acquiring an additional 60,511 shares during the period. JPMorgan Chase & Co. raised its holdings in Camden Property Trust by 41.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,044,988 shares of the real estate investment trust’s stock worth $382,575,000 after purchasing an additional 1,187,974 shares in the last quarter. Norges Bank purchased a new stake in shares of Camden Property Trust in the 4th quarter worth about $376,933,000. Victory Capital Management Inc. lifted its position in shares of Camden Property Trust by 2.4% in the 4th quarter. Victory Capital Management Inc. now owns 3,686,395 shares of the real estate investment trust’s stock worth $366,022,000 after purchasing an additional 87,337 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Camden Property Trust by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,547,287 shares of the real estate investment trust’s stock valued at $153,633,000 after purchasing an additional 16,389 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

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.