Camden Property Trust (NYSE:CPT) Price Target Raised to $130.00 at Barclays

Camden Property Trust (NYSE:CPT - Get Free Report) had its price objective boosted by research analysts at Barclays from $126.00 to $130.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the real estate investment trust's stock. Barclays's price target indicates a potential upside of 8.40% from the stock's previous close.

Several other equities analysts have also weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a "hold" rating in a report on Friday, February 7th. Mizuho decreased their price objective on shares of Camden Property Trust from $129.00 to $125.00 and set an "outperform" rating on the stock in a report on Monday, January 6th. Evercore ISI upped their price objective on shares of Camden Property Trust from $118.00 to $127.00 and gave the stock an "in-line" rating in a report on Monday, February 10th. StockNews.com upgraded shares of Camden Property Trust from a "sell" rating to a "hold" rating in a report on Wednesday, February 12th. Finally, Scotiabank upped their price objective on shares of Camden Property Trust from $130.00 to $135.00 and gave the stock a "sector perform" rating in a report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $126.53.

Camden Property Trust Price Performance

NYSE CPT traded down $0.92 during trading hours on Wednesday, hitting $119.93. 805,388 shares of the company's stock traded hands, compared to its average volume of 877,583. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The company has a market capitalization of $12.79 billion, a PE ratio of 79.95, a PEG ratio of 4.41 and a beta of 0.94. The firm's 50-day moving average is $115.03 and its 200-day moving average is $119.31. Camden Property Trust has a 52-week low of $92.26 and a 52-week high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. Equities analysts forecast that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, Director Heather J. Brunner sold 264 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $29,055.84. Following the sale, the director now directly owns 10,273 shares of the company's stock, valued at approximately $1,130,646.38. This represents a 2.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Alexander J. Jessett sold 1,862 shares of the stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $204,931.72. Following the completion of the transaction, the chief financial officer now directly owns 122,384 shares in the company, valued at $13,469,583.04. This trade represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,413 shares of company stock valued at $2,895,718. Insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. SMART Wealth LLC purchased a new position in shares of Camden Property Trust in the 3rd quarter valued at $829,000. Nordea Investment Management AB boosted its stake in Camden Property Trust by 15.0% during the 4th quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust's stock worth $11,339,000 after purchasing an additional 12,805 shares during the period. QRG Capital Management Inc. acquired a new stake in Camden Property Trust during the 3rd quarter worth $1,660,000. Franklin Resources Inc. boosted its stake in Camden Property Trust by 3.2% during the 3rd quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust's stock worth $23,174,000 after purchasing an additional 5,985 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Camden Property Trust by 10.5% during the 3rd quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust's stock worth $66,563,000 after purchasing an additional 51,097 shares during the period. 97.22% of the stock is 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 58,250 apartment homes across the United States.