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

Shares of Camden Property Trust (NYSE:CPT - Get Free Report) have been given a consensus rating of "Hold" by the eighteen research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $129.78.

Several equities research analysts have recently weighed in on the company. Citigroup upgraded Camden Property Trust from a "neutral" rating to a "buy" rating and upped their price target for the company from $125.00 to $138.00 in a research report on Friday, March 28th. Royal Bank of Canada upped their price target on Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a research report on Monday, February 10th. Wall Street Zen cut shares of Camden Property Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Mizuho decreased their price objective on shares of Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating on the stock in a research report on Friday, May 23rd. Finally, Evercore ISI upped 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 research report on Monday, February 10th.

Camden Property Trust Trading Up 0.1%

Shares of Camden Property Trust stock opened at $115.89 on Friday. Camden Property Trust has a 52-week low of $102.35 and a 52-week high of $127.69. The stock's 50-day simple moving average is $114.78 and its 200 day simple moving average is $117.10. The stock has a market capitalization of $12.38 billion, a P/E ratio of 77.26, a P/E/G ratio of 4.41 and a beta of 0.78. 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 announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.04. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. The firm had revenue of $390.57 million for the quarter, compared to analysts' expectations of $388.47 million. During the same period in the prior year, the business posted $1.70 earnings per share. The company's revenue was up 2.0% on a year-over-year basis. As a group, research analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.

Insider Transactions at Camden Property Trust

In related news, CEO Richard J. Campo sold 5,572 shares of Camden Property Trust stock in a transaction on 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 in the company, valued at $34,621,540. The trade was a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Steven A. Webster sold 1,200 shares of Camden Property Trust stock in a transaction on Friday, May 16th. The shares were sold at an average price of $118.76, for a total transaction of $142,512.00. Following the completion of the sale, the director now owns 117,374 shares in the company, valued at approximately $13,939,336.24. This trade represents a 1.01% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,907 shares of company stock worth $824,860. Insiders own 1.80% of the company's stock.

Institutional Trading of Camden Property Trust

Several large investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC boosted its holdings in Camden Property Trust by 16.8% in the first quarter. Smartleaf Asset Management LLC now owns 620 shares of the real estate investment trust's stock valued at $76,000 after acquiring an additional 89 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Camden Property Trust by 6.5% in the fourth quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust's stock valued at $170,000 after acquiring an additional 90 shares in the last quarter. Country Club Bank boosted its holdings in Camden Property Trust by 0.4% in the first quarter. Country Club Bank now owns 26,200 shares of the real estate investment trust's stock valued at $3,204,000 after acquiring an additional 92 shares in the last quarter. Amalgamated Bank boosted its holdings in Camden Property Trust by 0.5% in the first quarter. Amalgamated Bank now owns 20,558 shares of the real estate investment trust's stock valued at $2,514,000 after acquiring an additional 93 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Camden Property Trust by 0.5% in the fourth 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 acquiring 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.

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