Camden Property Trust (NYSE:CPT) Given New $136.00 Price Target at Scotiabank

Camden Property Trust (NYSE:CPT - Get Free Report) had its price objective cut by equities researchers at Scotiabank from $144.00 to $136.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a "sector perform" rating on the real estate investment trust's stock. Scotiabank's price target indicates a potential upside of 17.12% from the stock's previous close.

A number of other research analysts also recently issued reports on CPT. Barclays boosted their price objective on shares of Camden Property Trust from $127.00 to $136.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Jefferies Financial Group raised shares of Camden Property Trust from a "hold" rating to a "buy" rating and upped their target price for the stock from $117.00 to $139.00 in a research report on Monday, March 10th. Mizuho reduced their target price 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. Wall Street Zen downgraded shares of Camden Property Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Finally, Truist Financial set a $131.00 target price on shares of Camden Property Trust and gave the stock a "buy" rating in a research report on Monday, May 19th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Camden Property Trust currently has a consensus rating of "Hold" and an average price target of $129.33.

Camden Property Trust Trading Down 0.0%

Camden Property Trust stock traded down $0.00 during mid-day trading on Friday, reaching $116.12. 470,249 shares of the company traded hands, compared to its average volume of 924,470. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The firm's 50 day moving average price is $115.39 and its 200 day moving average price is $116.70. The firm has a market capitalization of $12.41 billion, a price-to-earnings ratio of 77.41, a P/E/G ratio of 4.41 and a beta of 0.78. Camden Property Trust has a 52-week low of $102.35 and a 52-week high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.04. The business had revenue of $390.57 million for the quarter, compared to the consensus estimate of $388.47 million. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. The company's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.70 EPS. On average, analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Insider Transactions at Camden Property Trust

In other Camden Property Trust news, CEO Richard J. Campo sold 5,572 shares of the firm'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 sale, the chief executive officer now owns 289,720 shares in the company, valued at approximately $34,621,540. This trade represents a 1.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven A. Webster sold 1,200 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $118.76, for a total transaction of $142,512.00. Following the sale, 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. Company insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Camden Property Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. ABC Arbitrage SA bought a new stake in shares of Camden Property Trust during the fourth quarter valued at approximately $821,000. Smartleaf Asset Management LLC raised its position in shares of Camden Property Trust by 33.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 531 shares of the real estate investment trust's stock valued at $61,000 after buying an additional 132 shares during the last quarter. Inceptionr LLC bought a new stake in shares of Camden Property Trust during the fourth quarter valued at approximately $621,000. Northern Trust Corp raised its position in shares of Camden Property Trust by 33.7% during the fourth quarter. Northern Trust Corp now owns 1,420,076 shares of the real estate investment trust's stock valued at $164,786,000 after buying an additional 357,718 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Camden Property Trust by 6.7% during the fourth quarter. Victory Capital Management Inc. now owns 4,400,846 shares of the real estate investment trust's stock valued at $510,674,000 after buying an additional 277,117 shares during 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.