Camden Property Trust (NYSE:CPT) Stock Price Expected to Rise, Scotiabank Analyst Says

Camden Property Trust (NYSE:CPT - Get Free Report) had its price target upped by stock analysts at Scotiabank from $135.00 to $144.00 in a report released on Monday,Benzinga reports. The firm presently has a "sector perform" rating on the real estate investment trust's stock. Scotiabank's target price points to a potential upside of 21.63% from the stock's current price.

CPT has been the subject of a number of other research reports. StockNews.com raised shares of Camden Property Trust from a "sell" rating to a "hold" rating in a research report on Thursday. Jefferies Financial Group raised Camden Property Trust from a "hold" rating to a "buy" rating and increased their price target for the stock from $117.00 to $139.00 in a research report on Monday, March 10th. Barclays increased their price objective on shares of Camden Property Trust from $127.00 to $136.00 and gave the stock an "overweight" rating in a research note on Friday. Citigroup raised shares of Camden Property Trust from a "neutral" rating to a "buy" rating and upped their price target for the stock from $125.00 to $138.00 in a report on Friday, March 28th. Finally, Royal Bank of Canada boosted their price objective on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, twelve 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 has an average rating of "Hold" and an average target price of $128.55.

Camden Property Trust Stock Performance

CPT traded up $0.41 during trading hours on Monday, reaching $118.39. The company's stock had a trading volume of 73,073 shares, compared to its average volume of 913,803. Camden Property Trust has a 52 week low of $98.35 and a 52 week high of $127.69. The firm has a market cap of $12.65 billion, a PE ratio of 78.95, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. The company's 50-day moving average is $116.43 and its 200-day moving average is $117.39. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $390.57 million for the quarter, compared to analysts' expectations of $388.47 million. During the same period in the prior year, the firm earned $1.70 EPS. The business's revenue was up 2.0% on a year-over-year basis. On average, equities analysts forecast that Camden Property Trust will post 6.76 EPS for the current year.

Insider Buying and Selling

In other news, CEO Richard J. Campo sold 5,572 shares of Camden Property Trust 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 directly owns 289,720 shares in the company, valued at $34,621,540. This trade represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by company insiders.

Institutional Trading of Camden Property Trust

Several institutional investors and hedge funds have recently modified their holdings of the stock. UMB Bank n.a. boosted its stake in shares of 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 buying an additional 98 shares during the last quarter. National Pension Service bought a new position in Camden Property Trust during the fourth quarter worth about $26,000. Quent Capital LLC increased its stake in shares of Camden Property Trust by 87.0% in the fourth 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 purchased a new stake in shares of Camden Property Trust during the 4th quarter valued at approximately $29,000. Finally, Bellwether Advisors LLC bought a new position in Camden Property Trust in the 4th quarter worth approximately $31,000. 97.22% of the stock is owned by hedge funds and other institutional investors.

About Camden Property Trust

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.

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