Camden Property Trust (NYSE:CPT) Price Target Raised to $137.00

Camden Property Trust (NYSE:CPT - Get Free Report) had its target price upped by research analysts at Barclays from $136.00 to $137.00 in a research note issued on Tuesday, July 15th, MarketBeat Ratings reports. The brokerage presently has an "overweight" rating on the real estate investment trust's stock. Barclays's target price suggests a potential upside of 23.53% from the stock's previous close.

Other research analysts have also recently issued research reports about the stock. Scotiabank decreased their target price on shares of Camden Property Trust from $144.00 to $136.00 and set a "sector perform" rating on the stock in a research report on Friday, June 13th. Citigroup raised shares of Camden Property Trust from a "neutral" rating to a "buy" rating and increased their price target for the stock from $125.00 to $138.00 in a research report on Friday, March 28th. Mizuho reduced their price target 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. JPMorgan Chase & Co. increased their price target on shares of Camden Property Trust from $127.00 to $129.00 and gave the stock an "underweight" rating in a research report on Tuesday, June 17th. Finally, Truist Financial set a $131.00 price target on shares of Camden Property Trust and gave the stock a "buy" rating in a research report on Monday, May 19th. Two equities 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 company's stock. Based on data from MarketBeat, Camden Property Trust currently has an average rating of "Hold" and a consensus price target of $129.28.

Camden Property Trust Price Performance

Camden Property Trust stock opened at $110.90 on Tuesday. The firm has a 50-day moving average price of $114.92 and a 200-day moving average price of $116.06. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $11.85 billion, a PE ratio of 101.74, a price-to-earnings-growth ratio of 3.80 and a beta of 0.77. Camden Property Trust has a 12-month low of $102.35 and a 12-month high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.04. Camden Property Trust had a net margin of 7.62% and a return on equity of 2.47%. The company had revenue of $390.57 million for the quarter, compared to analysts' expectations of $388.47 million. During the same quarter in the prior year, the company posted $1.70 earnings per share. Camden Property Trust's revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, equities research analysts forecast that Camden Property Trust will post 6.76 EPS for the current year.

Insiders Place Their Bets

In other news, Director Steven A. Webster sold 1,200 shares of Camden Property Trust stock in a transaction 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 completion of the transaction, the director owned 117,374 shares of the company's stock, valued at $13,939,336.24. The trade was a 1.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Richard J. Campo sold 5,572 shares of Camden Property Trust stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $119.50, for a total value of $665,854.00. Following the transaction, the chief executive officer directly owned 289,720 shares of the company's stock, valued at $34,621,540. This trade represents a 1.89% decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Camden Property Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPT. Norges Bank purchased a new stake in Camden Property Trust during the 4th quarter worth about $187,606,000. Millennium Management LLC grew its holdings in Camden Property Trust by 1,669.3% in the 1st 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 stake in Camden Property Trust in the 1st quarter valued at about $123,882,000. Invesco Ltd. grew its holdings in Camden Property Trust by 17.3% in the 4th 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 grew its holdings in Camden Property Trust by 12,973.9% in the 1st 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.