Scotiabank Forecasts Strong Price Appreciation for Camden Property Trust (NYSE:CPT) Stock

Camden Property Trust (NYSE:CPT - Get Free Report) had its target price boosted by Scotiabank from $130.00 to $135.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a "sector perform" rating on the real estate investment trust's stock. Scotiabank's target price indicates a potential upside of 13.22% from the stock's previous close.

CPT has been the subject of several other research reports. StockNews.com upgraded shares of Camden Property Trust from a "sell" rating to a "hold" rating in a report on Wednesday, February 12th. Evercore ISI boosted their price target on Camden Property Trust from $118.00 to $127.00 and gave the stock an "in-line" rating in a research report on Monday, February 10th. Royal Bank of Canada upped their target price on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a report on Monday, February 10th. JPMorgan Chase & Co. lowered Camden Property Trust from a "neutral" rating to an "underweight" rating and dropped their price objective for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. Finally, Mizuho decreased their target price on Camden Property Trust from $129.00 to $125.00 and set an "outperform" rating on the stock in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Camden Property Trust has an average rating of "Hold" and an average target price of $126.31.

Camden Property Trust Trading Up 0.1 %

Shares of CPT traded up $0.17 during trading hours on Friday, reaching $119.24. The stock had a trading volume of 936,266 shares, compared to its average volume of 897,212. The company has a market cap of $12.72 billion, a P/E ratio of 79.49, a P/E/G ratio of 4.27 and a beta of 0.94. Camden Property Trust has a 52 week low of $92.26 and a 52 week 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 firm has a 50-day moving average of $115.12 and a 200 day moving average of $119.26.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.32% and a net margin of 10.58%. On average, sell-side analysts expect that Camden Property Trust will post 6.8 earnings per share for the current fiscal year.

Insider Activity at Camden Property Trust

In other news, CEO Richard J. Campo sold 7,324 shares of the company's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $838,598.00. Following the completion of the transaction, the chief executive officer now directly owns 300,135 shares in the company, valued at approximately $34,365,457.50. This represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Alexander J. Jessett sold 13,067 shares of the stock in a transaction on 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 owns 124,246 shares of the company's stock, valued at $14,226,167. The trade was a 9.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,413 shares of company stock valued at $2,895,718 over the last ninety days. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Camden Property Trust

A number of institutional investors and hedge funds have recently bought and sold shares of CPT. CWM LLC raised its holdings in Camden Property Trust by 20.4% in the 3rd quarter. CWM LLC now owns 2,541 shares of the real estate investment trust's stock valued at $314,000 after buying an additional 430 shares during the last quarter. Exchange Traded Concepts LLC increased its position in Camden Property Trust by 37.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,938 shares of the real estate investment trust's stock valued at $239,000 after acquiring an additional 526 shares during the period. Creative Planning increased its position in Camden Property Trust by 5.3% in the 3rd quarter. Creative Planning now owns 9,012 shares of the real estate investment trust's stock valued at $1,113,000 after acquiring an additional 453 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Camden Property Trust by 5.5% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,407 shares of the real estate investment trust's stock valued at $3,756,000 after acquiring an additional 1,573 shares during the last quarter. Finally, Aurora Investment Managers LLC. lifted its holdings in shares of Camden Property Trust by 8.9% during the third quarter. Aurora Investment Managers LLC. now owns 31,580 shares of the real estate investment trust's stock worth $3,901,000 after purchasing an additional 2,585 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.