Camden Property Trust (NYSE:CPT) Price Target Lowered to $127.00 at Royal Bank of Canada

Camden Property Trust (NYSE:CPT - Get Free Report) had its price objective reduced by Royal Bank of Canada from $131.00 to $127.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has a "sector perform" rating on the real estate investment trust's stock. Royal Bank of Canada's target price suggests a potential upside of 9.57% from the company's current price.

A number of other equities analysts also recently commented on CPT. JPMorgan Chase & Co. lifted their price objective on shares of Camden Property Trust from $112.00 to $129.00 and gave the stock a "neutral" rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Camden Property Trust from $90.00 to $115.00 and gave the stock a "hold" rating in a research note on Tuesday, September 10th. StockNews.com lowered Camden Property Trust from a "hold" rating to a "sell" rating in a report on Friday. Wells Fargo & Company raised Camden Property Trust from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $104.00 to $127.00 in a report on Monday, August 26th. Finally, UBS Group upped their price objective on Camden Property Trust from $109.00 to $117.00 and gave the stock a "neutral" rating in a research note on Thursday, July 18th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $122.03.

Camden Property Trust Stock Up 1.9 %

Shares of Camden Property Trust stock traded up $2.18 during trading hours on Monday, hitting $115.91. 962,425 shares of the company's stock traded hands, compared to its average volume of 992,309. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.72. Camden Property Trust has a twelve month low of $85.30 and a twelve month high of $127.69. The stock has a 50 day simple moving average of $122.03 and a 200-day simple moving average of $113.49. The company has a market cap of $12.36 billion, a PE ratio of 36.45, a PEG ratio of 4.34 and a beta of 0.91.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.67 by ($1.27). The company had revenue of $387.15 million during the quarter, compared to the consensus estimate of $384.76 million. Camden Property Trust had a return on equity of 6.91% and a net margin of 22.32%. During the same quarter last year, the firm posted $1.70 EPS. Equities research analysts anticipate that Camden Property Trust will post 6.78 earnings per share for the current fiscal year.

Institutional Trading of Camden Property Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Camden Property Trust by 16.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 191,374 shares of the real estate investment trust's stock valued at $18,831,000 after buying an additional 27,465 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of Camden Property Trust by 3.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 160,309 shares of the real estate investment trust's stock valued at $15,781,000 after purchasing an additional 5,926 shares during the period. Illinois Municipal Retirement Fund boosted its position in shares of Camden Property Trust by 59.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 18,831 shares of the real estate investment trust's stock valued at $1,853,000 after purchasing an additional 7,018 shares during the period. Tidal Investments LLC raised its holdings in Camden Property Trust by 34.1% during the 1st quarter. Tidal Investments LLC now owns 61,007 shares of the real estate investment trust's stock worth $5,992,000 after buying an additional 15,513 shares during the period. Finally, U.S. Capital Wealth Advisors LLC lifted its stake in Camden Property Trust by 45.3% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 44,646 shares of the real estate investment trust's stock valued at $4,871,000 after buying an additional 13,912 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors.

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.