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

Camden Property Trust (NYSE:CPT - Free Report) had its price target trimmed by Mizuho from $130.00 to $122.00 in a research report report published on Friday,Benzinga reports. The firm currently has an outperform rating on the real estate investment trust's stock.

Several other brokerages have also weighed in on CPT. Truist Financial set a $131.00 price objective on shares of Camden Property Trust and gave the company a "buy" rating in a report on Monday, May 19th. Stifel Nicolaus increased their target price 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. Evercore ISI increased their target price 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 upgraded shares of Camden Property Trust from a "neutral" rating to a "buy" rating and increased their target price for the stock from $125.00 to $138.00 in a report on Friday, March 28th. Finally, Jefferies Financial Group raised shares of Camden Property Trust from a "hold" rating to a "buy" rating and increased their price objective for the stock from $117.00 to $139.00 in a research report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Camden Property Trust has a consensus rating of "Hold" and an average price target of $129.78.

Camden Property Trust Price Performance

Shares of CPT stock traded up $0.23 during trading hours on Friday, reaching $113.26. 16,491 shares of the company were exchanged, compared to its average volume of 918,372. Camden Property Trust has a fifty-two week low of $98.35 and a fifty-two week high of $127.69. The stock's fifty day moving average is $115.64 and its two-hundred day moving average is $117.32. The company has a market cap of $12.10 billion, a price-to-earnings ratio of 75.71, a P/E/G ratio of 4.41 and a beta of 0.79. 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 data 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 net margin of 10.58% and a return on equity of 3.35%. The business had revenue of $390.57 million for the quarter, compared to analyst estimates of $388.47 million. During the same period in the prior year, the business posted $1.70 earnings per share. Camden Property Trust's revenue was up 2.0% compared to the same quarter last year. Sell-side analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Richard J. Campo sold 5,572 shares of the stock in a transaction dated Tuesday, May 6th. The shares were 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 owns 289,720 shares in the company, valued at approximately $34,621,540. This represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven A. Webster sold 1,200 shares of the firm's stock in a transaction that occurred 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 directly owns 117,374 shares in the company, valued at $13,939,336.24. This represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,907 shares of company stock worth $824,860 over the last quarter. Insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Camden Property Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank bought a new position in Camden Property Trust in the 4th quarter worth approximately $187,606,000. Millennium Management LLC boosted its position in shares of Camden Property Trust by 1,669.3% during the first quarter. Millennium Management LLC now owns 1,078,335 shares of the real estate investment trust's stock valued at $131,880,000 after buying an additional 1,017,388 shares during the period. Nuveen LLC purchased a new position in shares of Camden Property Trust during the first quarter valued at approximately $123,882,000. Invesco Ltd. boosted its position in shares of Camden Property Trust by 17.3% during the fourth quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust's stock valued at $344,432,000 after buying an additional 438,685 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Camden Property Trust by 12,973.9% during the first quarter. GAMMA Investing LLC now owns 403,590 shares of the real estate investment trust's stock valued at $49,359,000 after buying an additional 400,503 shares during the period. Hedge funds and other 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.