Camden Property Trust (NYSE:CPT) Given Consensus Rating of "Hold" by Brokerages

Camden Property Trust (NYSE:CPT - Get Free Report) has earned an average recommendation of "Hold" from the eighteen brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $129.83.

Several brokerages have weighed in on CPT. Evercore ISI raised their price objective 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. Citigroup raised shares of Camden Property Trust from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $125.00 to $138.00 in a report on Friday, March 28th. Barclays raised their price objective on shares of Camden Property Trust from $127.00 to $136.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Stifel Nicolaus raised their price objective on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a "hold" rating in a report on Friday, February 7th. Finally, Wells Fargo & Company decreased their price objective on shares of 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.

Insider Transactions at Camden Property Trust

In other news, CEO Richard J. Campo sold 5,572 shares of the company'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 sale, the chief executive officer now owns 289,720 shares of the company's stock, valued at approximately $34,621,540. This represents a 1.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Camden Property Trust

Large investors have recently made changes to their positions in the company. Atomi Financial Group Inc. grew its holdings in shares of Camden Property Trust by 7.7% in the 4th quarter. Atomi Financial Group Inc. now owns 2,335 shares of the real estate investment trust's stock worth $271,000 after purchasing an additional 166 shares during the last quarter. ABC Arbitrage SA bought a new stake in Camden Property Trust during the 4th quarter worth about $821,000. Vanderbilt University grew its holdings in Camden Property Trust by 52.7% during the 4th quarter. Vanderbilt University now owns 7,591 shares of the real estate investment trust's stock worth $881,000 after acquiring an additional 2,619 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Camden Property Trust by 33.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 531 shares of the real estate investment trust's stock worth $61,000 after acquiring an additional 132 shares during the last quarter. Finally, Arkadios Wealth Advisors bought a new stake in Camden Property Trust during the 4th quarter worth about $252,000. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Stock Up 1.6%

CPT traded up $1.84 during trading hours on Tuesday, reaching $119.83. 1,922,093 shares of the stock traded hands, compared to its average volume of 921,852. The firm's fifty day simple moving average is $116.02 and its two-hundred day simple moving average is $117.40. The company has a market cap of $12.80 billion, a price-to-earnings ratio of 79.89, a PEG ratio of 4.41 and a beta of 0.79. Camden Property Trust has a fifty-two week low of $98.35 and a fifty-two week high of $127.69. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.68 by $0.04. The business had revenue of $390.57 million during 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%. The business's revenue was up 2.0% on a year-over-year basis. During the same period last year, the business earned $1.70 EPS. As a group, analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

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.