Wedbush Raises Camden Property Trust (NYSE:CPT) Price Target to $118.00

Camden Property Trust (NYSE:CPT) had its target price boosted by Wedbush from $110.00 to $118.00 in a research report report published on Monday morning, Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock. Wedbush also issued estimates for Camden Property Trust’s Q3 2024 earnings at $1.69 EPS, Q4 2024 earnings at $1.72 EPS and FY2025 earnings at $6.90 EPS.

A number of other equities analysts also recently issued reports on the company. Mizuho raised their price objective on Camden Property Trust from $99.00 to $111.00 and gave the stock a buy rating in a research report on Monday. Barclays lowered shares of 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. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Camden Property Trust in a research note on Tuesday, January 30th. They issued a hold rating and a $90.00 price objective on the stock. Piper Sandler raised shares of Camden Property Trust from an underweight rating to a neutral rating and lifted their target price for the stock from $90.00 to $110.00 in a research note on Monday. Finally, The Goldman Sachs Group started coverage on shares of Camden Property Trust in a research report on Thursday, February 22nd. They set a buy rating and a $112.00 price target on the stock. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Camden Property Trust currently has a consensus rating of Hold and a consensus price target of $107.06.

Camden Property Trust Trading Down 1.7 %

Shares of Camden Property Trust stock opened at $104.18 on Monday. The firm’s 50 day moving average is $98.62 and its 200 day moving average is $95.55. The firm has a market capitalization of $11.34 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 3.94 and a beta of 0.82. Camden Property Trust has a 1 year low of $82.81 and a 1 year high of $114.04. 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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale lifted its holdings in shares of 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 purchasing an additional 317 shares during the last quarter. MBB Public Markets I LLC raised its stake in Camden Property Trust by 201.2% in the third 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 buying an additional 156,985 shares during the last quarter. Twin Capital Management Inc. acquired a new stake in Camden Property Trust in the fourth quarter worth about $811,000. Cerity Partners LLC acquired a new stake in Camden Property Trust in the fourth quarter worth about $6,966,000. Finally, Bank of Nova Scotia increased its holdings in shares of Camden Property Trust by 13.8% during the third 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 in the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

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.