Scotiabank Issues Pessimistic Forecast for Camden Property Trust (NYSE:CPT) Stock Price

Camden Property Trust (NYSE:CPT) had its price objective lowered by Scotiabank from $132.00 to $130.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price objective suggests a potential upside of 8.54% from the stock’s current price.

A number of other research firms have also recently issued reports on CPT. Evercore ISI raised their price target on shares of Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. JPMorgan Chase & Co. raised their target price on Camden Property Trust from $112.00 to $129.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Wedbush boosted their price target on Camden Property Trust from $118.00 to $131.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Truist Financial raised their price objective on Camden Property Trust from $122.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Finally, UBS Group lifted their target price on Camden Property Trust from $109.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Camden Property Trust has an average rating of “Hold” and an average target price of $122.50.

Camden Property Trust Price Performance

Shares of CPT stock opened at $119.77 on Thursday. The firm has a market capitalization of $12.78 billion, a price-to-earnings ratio of 37.90, a PEG ratio of 4.49 and a beta of 0.91. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. The stock’s 50-day simple moving average is $121.10 and its 200-day simple moving average is $114.78. Camden Property Trust has a fifty-two week low of $86.50 and a fifty-two week high of $127.69.

Hedge Funds Weigh In On Camden Property Trust

A number of large investors have recently bought and sold shares of CPT. First Sabrepoint Capital Management LP grew its holdings in Camden Property Trust by 6.7% in the third quarter. First Sabrepoint Capital Management LP now owns 80,000 shares of the real estate investment trust’s stock valued at $9,882,000 after purchasing an additional 5,000 shares during the period. Barclays PLC grew its stake in Camden Property Trust by 45.4% in the 3rd quarter. Barclays PLC now owns 407,784 shares of the real estate investment trust’s stock valued at $50,371,000 after acquiring an additional 127,358 shares during the period. Public Employees Retirement System of Ohio increased its holdings in Camden Property Trust by 1.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 192,754 shares of the real estate investment trust’s stock worth $23,811,000 after acquiring an additional 2,442 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in Camden Property Trust by 1.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 165,744 shares of the real estate investment trust’s stock worth $20,474,000 after acquiring an additional 1,582 shares during the period. Finally, MML Investors Services LLC lifted its holdings in Camden Property Trust by 1.6% during the third quarter. MML Investors Services LLC now owns 9,294 shares of the real estate investment trust’s stock valued at $1,148,000 after purchasing an additional 147 shares in the last quarter. Institutional investors and hedge funds 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 58,250 apartment homes across the United States.