Analysts Set Camden Property Trust (NYSE:CPT) PT at $128.55

Shares of Camden Property Trust (NYSE:CPT - Get Free Report) have received a consensus recommendation of "Hold" from the eighteen brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $129.83.

CPT has been the topic of a number of research analyst reports. Citigroup raised shares of Camden Property Trust from a "neutral" rating to a "buy" rating and increased their price target for the stock from $125.00 to $138.00 in a report on Friday, March 28th. Jefferies Financial Group raised shares of Camden Property Trust from a "hold" rating to a "buy" rating and increased their price target for the stock from $117.00 to $139.00 in a report on Monday, March 10th. StockNews.com raised shares of Camden Property Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Royal Bank of Canada increased their price target on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a "sector perform" rating in a report on Monday, February 10th. Finally, Evercore ISI increased their price target on shares of Camden Property Trust from $118.00 to $127.00 and gave the stock an "in-line" rating in a report on Monday, February 10th.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Camden Property Trust

Several institutional investors and hedge funds have recently modified their holdings of CPT. Norges Bank purchased a new position in Camden Property Trust during the 4th quarter valued at about $187,606,000. Nuveen LLC purchased a new position in Camden Property Trust during the 1st quarter valued at about $123,882,000. Invesco Ltd. lifted its position in Camden Property Trust by 17.3% during the 4th quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust's stock valued at $344,432,000 after acquiring an additional 438,685 shares during the period. GAMMA Investing LLC lifted its position in Camden Property Trust by 12,973.9% during the 1st quarter. GAMMA Investing LLC now owns 403,590 shares of the real estate investment trust's stock valued at $49,359,000 after acquiring an additional 400,503 shares during the period. Finally, Northern Trust Corp lifted its position in Camden Property Trust by 33.7% during the 4th quarter. Northern Trust Corp now owns 1,420,076 shares of the real estate investment trust's stock valued at $164,786,000 after acquiring an additional 357,718 shares during the period. 97.22% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Price Performance

Camden Property Trust stock traded up $2.10 during midday trading on Tuesday, reaching $117.84. 796,140 shares of the stock were exchanged, compared to its average volume of 916,911. The company's fifty day moving average is $116.03 and its 200-day moving average is $117.37. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. The firm has a market cap of $12.59 billion, a PE ratio of 78.56, a PEG ratio of 4.41 and a beta of 0.79. Camden Property Trust has a 52 week low of $98.35 and a 52 week high of $127.69.

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

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.