Truist Financial Boosts Camden Property Trust (NYSE:CPT) Price Target to $114.00

Camden Property Trust (NYSE:CPT - Get Free Report) had its price target increased by analysts at Truist Financial from $113.00 to $114.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a "buy" rating on the real estate investment trust's stock. Truist Financial's target price would suggest a potential upside of 10.06% from the company's current price.

A number of other research analysts have also recently weighed in on CPT. Deutsche Bank Aktiengesellschaft initiated coverage on Camden Property Trust in a research report on Tuesday, January 30th. They issued a "hold" rating and a $90.00 price target for the company. Royal Bank of Canada restated an "outperform" rating and set a $103.00 target price on shares of Camden Property Trust in a research report on Monday, February 5th. The Goldman Sachs Group assumed coverage on shares of Camden Property Trust in a report on Thursday, February 22nd. They issued a "buy" rating and a $112.00 price target on the stock. Morgan Stanley raised their price objective on shares of Camden Property Trust from $95.00 to $98.00 and gave the stock an "equal weight" rating in a research note on Monday, February 26th. Finally, StockNews.com lowered Camden Property Trust from a "hold" rating to a "sell" rating in a research note on Thursday, April 4th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $104.29.

Camden Property Trust Price Performance

CPT stock traded up $1.45 during trading on Tuesday, reaching $103.58. 1,683,952 shares of the company were exchanged, compared to its average volume of 1,160,924. Camden Property Trust has a 52-week low of $82.81 and a 52-week high of $114.04. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market cap of $11.27 billion, a P/E ratio of 27.99, a PEG ratio of 3.61 and a beta of 0.83. The stock's 50 day moving average price is $96.52 and its 200 day moving average price is $94.94.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share for the quarter, topping analysts' consensus estimates of $1.72 by $0.31. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. The business had revenue of $387.59 million for the quarter, compared to analysts' expectations of $387.33 million. During the same quarter in the prior year, the firm posted $1.74 EPS. The company's revenue was up 3.1% compared to the same quarter last year. As a group, analysts predict that Camden Property Trust will post 6.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camden Property Trust

Institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its holdings in shares of Camden Property Trust by 57.0% in the 4th quarter. Bessemer Group Inc. now owns 259 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 94 shares during the period. Parkside Financial Bank & Trust raised its holdings in Camden Property Trust by 60.8% in the third quarter. Parkside Financial Bank & Trust now owns 381 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 144 shares during the period. Tobam lifted its position in Camden Property Trust by 4,166.7% during the fourth quarter. Tobam now owns 384 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 375 shares in the last quarter. Resurgent Financial Advisors LLC acquired a new position in Camden Property Trust during the fourth quarter valued at approximately $45,000. Finally, Belpointe Asset Management LLC grew its stake in Camden Property Trust by 175.5% during the first quarter. Belpointe Asset Management LLC now owns 449 shares of the real estate investment trust's stock worth $47,000 after buying an additional 286 shares during the period. Hedge funds and other institutional investors own 97.22% of the company's stock.

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 58,634 apartment homes across the United States.