Camden Property Trust (NYSE:CPT) Price Target Raised to $129.00 at Truist Financial

Camden Property Trust (NYSE:CPT - Get Free Report) had its price objective raised by research analysts at Truist Financial from $122.00 to $129.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the real estate investment trust's stock. Truist Financial's target price indicates a potential upside of 7.07% from the company's previous close.

CPT has been the subject of a number of other research reports. Wells Fargo & Company dropped their target price on Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating for the company in a report on Friday, January 24th. JPMorgan Chase & Co. cut shares of Camden Property Trust from a "neutral" rating to an "underweight" rating and cut their price objective for the company from $129.00 to $128.00 in a research report on Tuesday, December 17th. Barclays raised their target price on shares of Camden Property Trust from $126.00 to $130.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Scotiabank upped their price target on shares of Camden Property Trust from $130.00 to $135.00 and gave the company a "sector perform" rating in a report on Friday, February 14th. Finally, Royal Bank of Canada boosted their target price on Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a research report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, Camden Property Trust has a consensus rating of "Hold" and an average price target of $127.19.

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Camden Property Trust Price Performance

NYSE:CPT traded down $1.55 during trading hours on Monday, reaching $120.48. The stock had a trading volume of 829,275 shares, compared to its average volume of 867,818. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. The stock has a market capitalization of $12.86 billion, a PE ratio of 80.32, a PEG ratio of 4.41 and a beta of 0.94. Camden Property Trust has a 52 week low of $94.75 and a 52 week high of $127.69. The company has a 50 day moving average price of $116.54 and a two-hundred day moving average price of $119.56.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 EPS 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%. As a group, sell-side analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Camden Property Trust

In related news, CEO Richard J. Campo sold 1,043 shares of the firm's stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $114,792.58. Following the sale, the chief executive officer now directly owns 299,092 shares of the company's stock, valued at $32,918,065.52. This trade represents a 0.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Heather J. Brunner sold 1,853 shares of Camden Property Trust stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $212,168.50. Following the transaction, the director now directly owns 10,537 shares of the company's stock, valued at approximately $1,206,486.50. This trade represents a 14.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,548 shares of company stock worth $2,912,212. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Camden Property Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. grew its position in shares of Camden Property Trust by 6.5% during the 4th quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust's stock valued at $170,000 after acquiring an additional 90 shares during the period. UMB Bank n.a. increased its position in shares of Camden Property Trust by 76.6% in the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 98 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Camden Property Trust by 0.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,117 shares of the real estate investment trust's stock worth $2,102,000 after buying an additional 98 shares during the period. First American Bank lifted its position in shares of Camden Property Trust by 1.0% during the 4th quarter. First American Bank now owns 10,846 shares of the real estate investment trust's stock valued at $1,259,000 after buying an additional 104 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in Camden Property Trust by 2.5% in the 4th quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust's stock valued at $499,000 after acquiring an additional 105 shares during the period. 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.