Camden Property Trust (NYSE:CPT) Given Average Recommendation of "Hold" by Brokerages

Shares of Camden Property Trust (NYSE:CPT - Get Free Report) have received a consensus recommendation of "Hold" from the eighteen analysts that are currently covering the company, MarketBeat reports. One 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 1 year price target among brokers that have issued a report on the stock in the last year is $129.78.

A number of analysts have issued reports on the company. Evercore ISI boosted their target price on Camden Property Trust from $118.00 to $127.00 and gave the company an "in-line" rating in a research report on Monday, February 10th. Royal Bank of Canada boosted their price objective on Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a report on Monday, February 10th. Citigroup upgraded Camden Property Trust from a "neutral" rating to a "buy" rating and raised their target price for the company from $125.00 to $138.00 in a report on Friday, March 28th. 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. Finally, 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.

Insider Buying and Selling 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 stock was sold at an average price of $119.50, for a total transaction of $665,854.00. Following the completion of the transaction, the chief executive officer now directly 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 legal filing with the SEC, which can be accessed through this link. Also, Director Steven A. Webster sold 1,200 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $118.76, for a total value of $142,512.00. Following the completion of the transaction, the director now owns 117,374 shares in the company, valued at approximately $13,939,336.24. The trade was a 1.01% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Camden Property Trust

Several institutional investors have recently added to or reduced their stakes in CPT. National Pension Service acquired a new stake in Camden Property Trust during the fourth quarter worth approximately $26,000. Quent Capital LLC boosted its holdings in shares of Camden Property Trust by 87.0% in the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 114 shares in the last quarter. IAG Wealth Partners LLC purchased a new position in shares of Camden Property Trust in the 4th quarter valued at $29,000. Bellwether Advisors LLC purchased a new position in shares of Camden Property Trust in the 4th quarter valued at $31,000. Finally, Cape Investment Advisory Inc. acquired a new stake in Camden Property Trust during the 1st quarter worth $37,000. Hedge funds and other institutional investors own 97.22% of the company's stock.

Camden Property Trust Trading Up 0.5%

Shares of NYSE:CPT traded up $0.54 during midday trading on Friday, reaching $118.08. 1,002,985 shares of the company's stock were exchanged, compared to its average volume of 924,465. The stock has a market cap of $12.62 billion, a price-to-earnings ratio of 78.72, a P/E/G ratio of 4.41 and a beta of 0.78. Camden Property Trust has a fifty-two week low of $102.35 and a fifty-two week high of $127.69. The firm's 50 day simple moving average is $114.66 and its two-hundred day simple moving average is $117.01. 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 announced 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 analysts' expectations 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 for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the business earned $1.70 earnings per share. As a group, sell-side analysts forecast that Camden Property Trust will post 6.76 EPS 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.