Camden Property Trust (NYSE:CPT) Research Coverage Started at BNP Paribas

Investment analysts at BNP Paribas assumed coverage on shares of Camden Property Trust (NYSE:CPT) in a note issued to investors on Wednesday, MarketBeat Ratings reports. The firm set a “neutral” rating and a $129.00 price target on the real estate investment trust’s stock. BNP Paribas’ price target indicates a potential upside of 4.78% from the stock’s previous close.

Several other brokerages have also weighed in on CPT. UBS Group increased their price objective on shares of Camden Property Trust from $109.00 to $117.00 and gave the company a “neutral” rating in a research report on Thursday, July 18th. Piper Sandler raised their price objective on shares of Camden Property Trust from $110.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Scotiabank upped their target price on Camden Property Trust from $116.00 to $125.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. JPMorgan Chase & Co. increased their target price on Camden Property Trust from $104.00 to $112.00 and gave the stock a “neutral” rating in a research note on Monday, June 17th. Finally, Mizuho reduced their price target on Camden Property Trust from $111.00 to $108.00 and set a “buy” rating for the company in a research note on Thursday, May 30th. Fourteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Camden Property Trust currently has an average rating of “Hold” and a consensus target price of $120.25.

Camden Property Trust Trading Up 0.5 %

Camden Property Trust stock opened at $123.11 on Wednesday. The stock has a 50-day simple moving average of $117.02 and a 200 day simple moving average of $107.21. The stock has a market capitalization of $13.12 billion, a P/E ratio of 30.17, a PEG ratio of 4.59 and a beta of 0.90. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.37 and a current ratio of 0.37. Camden Property Trust has a 52 week low of $82.81 and a 52 week high of $127.23.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.27). Camden Property Trust had a return on equity of 7.98% and a net margin of 25.64%. The business had revenue of $387.15 million for the quarter, compared to the consensus estimate of $384.76 million. During the same quarter in the prior year, the firm posted $1.70 earnings per share. Analysts expect that Camden Property Trust will post 6.77 earnings per share for the current year.

Institutional Investors Weigh In On Camden Property Trust

A number of large investors have recently modified their holdings of CPT. Lindbrook Capital LLC lifted its holdings in shares of Camden Property Trust by 90.4% in the first quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 132 shares during the last quarter. Kings Path Partners LLC bought a new position in Camden Property Trust in the 2nd quarter valued at approximately $33,000. Federated Hermes Inc. bought a new position in Camden Property Trust in the 2nd quarter valued at approximately $33,000. Family Firm Inc. acquired a new stake in Camden Property Trust in the second quarter valued at approximately $39,000. Finally, Versant Capital Management Inc grew its stake in shares of Camden Property Trust by 2,187.5% during the second quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 350 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

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.