Camden Property Trust (NYSE:CPT) PT Raised to $132.00

Camden Property Trust (NYSE:CPT) had its price objective hoisted by stock analysts at Scotiabank from $125.00 to $132.00 in a report released on Monday, Benzinga reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price objective indicates a potential upside of 6.46% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Bank of America raised shares of Camden Property Trust from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $111.00 to $147.00 in a research note on Monday, August 12th. Truist Financial lifted their price objective on Camden Property Trust from $122.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Wedbush increased their target price on Camden Property Trust from $118.00 to $131.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Royal Bank of Canada cut Camden Property Trust from an “outperform” rating to a “sector perform” rating and set a $122.00 price target for the company. in a report on Monday, September 9th. Finally, JPMorgan Chase & Co. increased 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. Fourteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Camden Property Trust presently has a consensus rating of “Hold” and an average price target of $121.69.

Camden Property Trust Trading Down 0.8 %

Shares of Camden Property Trust stock opened at $123.99 on Monday. The stock has a market cap of $13.21 billion, a PE ratio of 30.39, a price-to-earnings-growth ratio of 4.60 and a beta of 0.90. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average of $118.03 and a two-hundred day moving average of $107.96. Camden Property Trust has a 12-month low of $82.81 and a 12-month high of $127.23.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.27). The company had revenue of $387.15 million during the quarter, compared to analysts’ expectations of $384.76 million. Camden Property Trust had a net margin of 25.64% and a return on equity of 7.98%. During the same quarter in the prior year, the company earned $1.70 earnings per share. On average, research analysts anticipate that Camden Property Trust will post 6.77 EPS for the current fiscal year.

Hedge Funds Weigh In On Camden Property Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Lindbrook Capital LLC raised its position in 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 valued at $27,000 after purchasing an additional 132 shares during the period. Kings Path Partners LLC purchased a new stake in shares of Camden Property Trust in the second quarter worth about $33,000. Federated Hermes Inc. acquired a new stake in shares of Camden Property Trust in the second quarter valued at about $33,000. Family Firm Inc. purchased a new stake in shares of Camden Property Trust during the 2nd quarter valued at about $39,000. Finally, Versant Capital Management Inc lifted its position in Camden Property Trust by 2,187.5% during the 2nd quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 350 shares in 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.