Camden Property Trust (NYSE:CPT) Price Target Raised to $144.00 at Scotiabank

Camden Property Trust (NYSE:CPT - Free Report) had its price target raised by Scotiabank from $135.00 to $144.00 in a research report sent to investors on Monday,Benzinga reports. Scotiabank currently has a sector perform rating on the real estate investment trust's stock.

Several other equities research analysts have also weighed in on CPT. Evercore ISI lifted their price objective on 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 raised Camden Property Trust from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $125.00 to $138.00 in a report on Friday, March 28th. Wells Fargo & Company decreased their price objective on Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating for the company in a report on Friday, January 24th. Truist Financial lifted their price objective on Camden Property Trust from $122.00 to $129.00 and gave the stock a "buy" rating in a report on Monday, March 10th. Finally, StockNews.com raised Camden Property Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Two equities research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $129.83.

Camden Property Trust Stock Up 1.6%

NYSE:CPT traded up $1.84 during trading hours on Monday, hitting $119.83. 1,922,093 shares of the company traded hands, compared to its average volume of 921,500. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. The firm's 50-day simple moving average is $116.02 and its 200-day simple moving average is $117.39. Camden Property Trust has a one year low of $98.35 and a one year high of $127.69. The company has a market cap of $12.80 billion, a PE ratio of 79.89, a PEG ratio of 4.41 and a beta of 0.79.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $390.57 million during the quarter, compared to analyst estimates of $388.47 million. During the same period last year, the firm posted $1.70 EPS. The business's revenue was up 2.0% compared to the same quarter last year. Equities analysts predict that Camden Property Trust will post 6.76 earnings per share for the current year.

Insider Activity

In other news, CEO Richard J. Campo sold 5,572 shares of Camden Property Trust 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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.80% of the company's stock.

Institutional Trading of Camden Property Trust

Hedge funds have recently bought and sold shares of the company. UMB Bank n.a. increased its stake in Camden Property Trust by 76.6% in the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 98 shares during the period. National Pension Service purchased a new position in shares of Camden Property Trust during the fourth quarter valued at approximately $26,000. Quent Capital LLC increased its stake in shares of Camden Property Trust by 87.0% during the fourth 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 during the period. IAG Wealth Partners LLC purchased a new position in shares of Camden Property Trust during the fourth quarter valued at approximately $29,000. Finally, Bellwether Advisors LLC purchased a new stake in Camden Property Trust in the fourth quarter worth $31,000. 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.