Mizuho Cuts Camden Property Trust (NYSE:CPT) Price Target to $122.00

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

Other research analysts have also recently issued reports about the stock. 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. Wall Street Zen cut shares of Camden Property Trust from a "hold" rating to a "sell" rating in a research report on Friday, May 16th. Citigroup upgraded Camden Property Trust from a "neutral" rating to a "buy" rating and lifted their price target for the company from $125.00 to $138.00 in a research note on Friday, March 28th. Scotiabank increased their price objective on Camden Property Trust from $135.00 to $144.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Finally, Jefferies Financial Group upgraded Camden Property Trust from a "hold" rating to a "buy" rating and raised their target price for the company from $117.00 to $139.00 in a report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $129.78.

Camden Property Trust Stock Up 0.4%

CPT stock traded up $0.47 during trading on Friday, reaching $115.55. 631,315 shares of the stock were exchanged, compared to its average volume of 920,723. The firm's 50 day moving average is $115.47 and its 200 day moving average is $117.29. The firm has a market cap of $12.35 billion, a P/E ratio of 77.03, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. Camden Property Trust has a twelve month low of $98.35 and a twelve month high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued 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. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. The company 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 firm earned $1.70 earnings per share. Camden Property Trust's revenue for the quarter was up 2.0% on a year-over-year basis. As a group, research analysts forecast that Camden Property Trust will post 6.76 EPS for the current year.

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, 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 transaction of $142,512.00. Following the completion of the transaction, the director now owns 117,374 shares in the company, valued at $13,939,336.24. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard J. Campo sold 5,572 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 289,720 shares in the company, valued at approximately $34,621,540. This trade represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,907 shares of company stock worth $824,860 over the last three months. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Camden Property Trust

Institutional investors have recently modified their holdings of the business. UMB Bank n.a. lifted its position in shares of Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 98 shares in the last quarter. National Pension Service bought a new stake in shares of Camden Property Trust during the 4th quarter valued at $26,000. Quent Capital LLC lifted its holdings in Camden Property Trust by 87.0% during the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 114 shares in the last quarter. IAG Wealth Partners LLC bought a new position in Camden Property Trust in the 4th quarter worth about $29,000. Finally, Bellwether Advisors LLC bought a new stake in shares of Camden Property Trust during the fourth quarter valued at about $31,000. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

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.