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

Camden Property Trust (NYSE:CPT) had its target price reduced by research analysts at Mizuho from $129.00 to $125.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Mizuho’s target price would suggest a potential upside of 13.29% from the company’s current price.

Several other research analysts also recently weighed in on the company. BNP Paribas started coverage on Camden Property Trust in a research note on Wednesday, September 11th. They set a “neutral” rating and a $129.00 target price for the company. Royal Bank of Canada reduced their price objective on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a research report on Monday, November 4th. Scotiabank decreased their price objective on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Jefferies Financial Group began coverage on shares of Camden Property Trust in a research note on Friday, October 11th. They set a “hold” rating and a $123.00 target price for the company. Finally, Stifel Nicolaus lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating and raised their price target for the company from $120.00 to $121.00 in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $126.75.

Camden Property Trust Price Performance

Shares of Camden Property Trust stock opened at $110.34 on Monday. The firm has a market cap of $11.77 billion, a PE ratio of 34.92, a P/E/G ratio of 4.40 and a beta of 0.94. Camden Property Trust has a twelve month low of $90.50 and a twelve month high of $127.69. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. The business has a 50-day moving average price of $119.22 and a 200 day moving average price of $118.52.

Institutional Investors Weigh In On Camden Property Trust

Several hedge funds and other institutional investors have recently bought and sold shares of CPT. Federated Hermes Inc. purchased a new stake in shares of Camden Property Trust in the 2nd quarter valued at approximately $33,000. Neo Ivy Capital Management acquired a new position in Camden Property Trust in the third quarter valued at approximately $38,000. American Capital Advisory LLC grew its position in Camden Property Trust by 42.7% in the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 128 shares during the period. Sentry Investment Management LLC purchased a new position in Camden Property Trust in the third quarter worth approximately $62,000. Finally, Versant Capital Management Inc increased its stake in Camden Property Trust by 77.7% during the fourth quarter. Versant Capital Management Inc now owns 716 shares of the real estate investment trust’s stock worth $83,000 after acquiring an additional 313 shares during the last quarter. 97.22% of the stock is currently 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 58,250 apartment homes across the United States.