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

Camden Property Trust (NYSE:CPT - Get Free Report) had its price objective lifted by analysts at Barclays from $127.00 to $136.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the real estate investment trust's stock. Barclays's price objective would suggest a potential upside of 15.30% from the stock's previous close.

Several other analysts have also recently weighed in on the stock. Stifel Nicolaus raised their price objective on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a "hold" rating in a research report on Friday, February 7th. Evercore ISI lifted their price target on Camden Property Trust from $118.00 to $127.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th. Wells Fargo & Company cut their price objective 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. Citigroup raised Camden Property Trust from a "neutral" rating to a "buy" rating and raised their price objective for the company from $125.00 to $138.00 in a report on Friday, March 28th. Finally, Truist Financial upped their target price on Camden Property Trust from $122.00 to $129.00 and gave the stock a "buy" rating in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Camden Property Trust presently has an average rating of "Hold" and a consensus target price of $128.08.

Camden Property Trust Price Performance

Camden Property Trust stock traded up $0.46 during midday trading on Friday, hitting $117.95. 763,524 shares of the company's stock were exchanged, compared to its average volume of 917,143. The stock has a 50-day moving average price of $116.43 and a two-hundred day moving average price of $117.39. Camden Property Trust has a 52-week low of $98.35 and a 52-week high of $127.69. The company has a market cap of $12.60 billion, a P/E ratio of 78.63, a PEG ratio of 4.41 and a beta of 0.79. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $1.72 EPS for the quarter, topping the consensus estimate of $1.68 by $0.04. The company had revenue of $390.57 million during the quarter, compared to analyst estimates of $388.47 million. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. Camden Property Trust's revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.70 earnings per share. On average, equities research analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current year.

Insider Activity

In related news, CEO Richard J. Campo sold 5,572 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $119.50, for a total value of $665,854.00. Following the sale, the chief executive officer now directly owns 289,720 shares of the company's stock, valued at $34,621,540. This trade represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Federated Hermes Inc. increased its stake in shares of Camden Property Trust by 6.5% during the fourth quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust's stock valued at $170,000 after buying an additional 90 shares during the period. Country Club Bank raised its holdings in Camden Property Trust by 0.4% in the 1st quarter. Country Club Bank now owns 26,200 shares of the real estate investment trust's stock worth $3,204,000 after purchasing an additional 92 shares in the last quarter. Amalgamated Bank raised its holdings in Camden Property Trust by 0.5% in the 1st quarter. Amalgamated Bank now owns 20,558 shares of the real estate investment trust's stock worth $2,514,000 after purchasing an additional 93 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Camden Property Trust by 76.6% in the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 98 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 valued at $2,102,000 after purchasing an additional 98 shares in the last quarter. Institutional investors 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.