Camden Property Trust (NYSE:CPT - Get Free Report) had its price objective increased by equities researchers at Royal Bank of Canada from $121.00 to $123.00 in a research note issued on Monday,Benzinga reports. The firm presently has a "sector perform" rating on the real estate investment trust's stock. Royal Bank of Canada's price target would suggest a potential upside of 2.97% from the stock's current price.
Several other analysts have also issued reports on the stock. Wells Fargo & Company cut their price target on shares of Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating for the company in a research report on Friday, January 24th. Evercore ISI increased their target price on Camden Property Trust from $118.00 to $127.00 and gave the company an "in-line" rating in a report on Monday. Mizuho reduced their price target on Camden Property Trust from $129.00 to $125.00 and set an "outperform" rating on the stock in a research report on Monday, January 6th. Scotiabank lowered their price objective on Camden Property Trust from $132.00 to $130.00 and set a "sector perform" rating for the company in a research report on Thursday, November 14th. Finally, StockNews.com cut shares of Camden Property Trust from a "hold" rating to a "sell" rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Camden Property Trust has a consensus rating of "Hold" and a consensus price target of $126.03.
Check Out Our Latest Research Report on CPT
Camden Property Trust Price Performance
NYSE:CPT traded up $1.05 during mid-day trading on Monday, reaching $119.45. The stock had a trading volume of 463,228 shares, compared to its average volume of 893,273. The stock has a market capitalization of $12.74 billion, a P/E ratio of 79.78, a P/E/G ratio of 4.27 and a beta of 0.94. The firm has a 50 day moving average price of $115.30 and a two-hundred day moving average price of $119.08. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. Camden Property Trust has a one year low of $91.95 and a one year high of $127.69.
Camden Property Trust (NYSE:CPT - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.32%. As a group, analysts expect that Camden Property Trust will post 6.8 earnings per share for the current year.
Insiders Place Their Bets
In related news, CFO Alexander J. Jessett sold 13,067 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $1,496,171.50. Following the completion of the transaction, the chief financial officer now directly owns 124,246 shares in the company, valued at $14,226,167. This trade represents a 9.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Heather J. Brunner sold 1,853 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $212,168.50. Following the sale, the director now directly owns 10,537 shares in the company, valued at $1,206,486.50. The trade was a 14.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,413 shares of company stock worth $2,895,718. Company insiders own 1.80% of the company's stock.
Hedge Funds Weigh In On Camden Property Trust
Several large investors have recently made changes to their positions in the business. SMART Wealth LLC purchased a new stake in shares of Camden Property Trust in the 3rd quarter worth approximately $829,000. Nordea Investment Management AB increased its holdings in shares of Camden Property Trust by 15.0% during the fourth quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust's stock valued at $11,339,000 after acquiring an additional 12,805 shares in the last quarter. QRG Capital Management Inc. purchased a new position in shares of Camden Property Trust in the 3rd quarter worth about $1,660,000. Franklin Resources Inc. grew its position 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 valued at $23,174,000 after purchasing an additional 5,985 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position 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 valued at $66,563,000 after purchasing an additional 51,097 shares during the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.
Camden Property Trust Company Profile
(
Get Free Report)
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.
See Also
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