Barclays Issues Pessimistic Forecast for Camden Property Trust (NYSE:CPT) Stock Price

Key Points

• Barclays has reduced its target price for Camden Property Trust (CPT) from $137.00 to $128.00, maintaining an "overweight" rating, which suggests a potential upside of 22.72%.
• Other analysts have issued mixed ratings, with one equity research analyst rating it as "sell," eleven as "hold," and six as "buy," leading to a consensus rating of "Hold" with an average target price of $126.94.
• Camden Property Trust has reported $1.70 earnings per share, slightly beating estimates, and has plans for future growth in a competitive real estate market.

Camden Property Trust (NYSE:CPT - Get Free Report) had its target price lowered by stock analysts at Barclays from $137.00 to $128.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the real estate investment trust's stock. Barclays's price target points to a potential upside of 22.72% from the stock's current price.

Several other analysts have also recently issued reports on CPT. Royal Bank Of Canada dropped their target price on Camden Property Trust from $120.00 to $118.00 and set a "sector perform" rating on the stock in a research report on Monday, August 4th. Truist Financial set a $131.00 target price on Camden Property Trust and gave the company a "buy" rating in a research report on Monday, May 19th. Evercore ISI dropped their target price on Camden Property Trust from $117.00 to $114.00 and set an "in-line" rating on the stock in a research report on Tuesday. Wall Street Zen raised Camden Property Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Scotiabank decreased their price objective on Camden Property Trust from $144.00 to $136.00 and set a "sector perform" rating for the company in a report on Friday, June 13th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $126.94.

Camden Property Trust Stock Down 1.2%

Shares of NYSE:CPT opened at $104.30 on Tuesday. Camden Property Trust has a 52-week low of $102.35 and a 52-week high of $127.69. The stock has a market cap of $11.14 billion, a P/E ratio of 72.81, a price-to-earnings-growth ratio of 3.51 and a beta of 0.78. The business's 50 day moving average is $113.44 and its 200 day moving average is $115.80. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.82.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.01. The business had revenue of $396.51 million for the quarter, compared to analysts' expectations of $393.24 million. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%. The business's revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.71 EPS. Sell-side analysts predict that Camden Property Trust will post 6.76 EPS for the current year.

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, Director Steven A. Webster sold 1,200 shares of Camden Property Trust stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $118.76, for a total transaction of $142,512.00. Following the completion of the transaction, the director owned 117,374 shares in the company, valued at approximately $13,939,336.24. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.90% of the company's stock.

Hedge Funds Weigh In On Camden Property Trust

Several institutional investors and hedge funds have recently modified their holdings of CPT. Bellwether Advisors LLC purchased a new position in shares of Camden Property Trust in the 4th quarter valued at about $31,000. IFP Advisors Inc boosted its holdings in Camden Property Trust by 45.7% in the 2nd quarter. IFP Advisors Inc now owns 322 shares of the real estate investment trust's stock worth $36,000 after buying an additional 101 shares during the last quarter. Cape Investment Advisory Inc. acquired a new stake in Camden Property Trust in the 1st quarter worth about $37,000. Tsfg LLC acquired a new stake in Camden Property Trust in the 1st quarter worth about $40,000. Finally, National Pension Service boosted its holdings in Camden Property Trust by 74.2% in the 1st quarter. National Pension Service now owns 392 shares of the real estate investment trust's stock worth $48,000 after buying an additional 167 shares during the last quarter. Hedge funds and other institutional investors 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.

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