Royal Bank of Canada Increases Camden Property Trust (NYSE:CPT) Price Target to $110.00

Camden Property Trust (NYSE:CPT - Free Report) had its target price lifted by Royal Bank of Canada from $107.00 to $110.00 in a research note published on Monday, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the real estate investment trust's stock.

A number of other equities research analysts also recently issued reports on the stock. Piper Sandler upgraded shares of Camden Property Trust from an underweight rating to a neutral rating and lifted their price target for the company from $90.00 to $110.00 in a research report on Monday. Barclays cut Camden Property Trust from an overweight rating to an equal weight rating and reduced their price objective for the stock from $138.00 to $100.00 in a report on Tuesday, February 20th. Mizuho upped their target price on Camden Property Trust from $99.00 to $111.00 and gave the company a buy rating in a report on Monday. StockNews.com raised Camden Property Trust from a sell rating to a hold rating in a research note on Tuesday, April 30th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Camden Property Trust in a research report on Tuesday, January 30th. They issued a hold rating and a $90.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Camden Property Trust currently has an average rating of Hold and an average target price of $107.06.

Camden Property Trust Stock Performance

NYSE CPT traded up $0.90 on Monday, hitting $105.98. 1,433,052 shares of the company's stock were exchanged, compared to its average volume of 1,114,279. The firm has a market cap of $11.54 billion, a price-to-earnings ratio of 25.91, a P/E/G ratio of 3.94 and a beta of 0.82. The firm's 50-day moving average price is $97.89 and its two-hundred day moving average price is $95.31. Camden Property Trust has a fifty-two week low of $82.81 and a fifty-two week high of $114.04. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.43 and a quick ratio of 0.88.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.31. The firm had revenue of $387.59 million during the quarter, compared to analysts' expectations of $387.33 million. Camden Property Trust had a return on equity of 8.92% and a net margin of 28.78%. Camden Property Trust's revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.74 earnings per share. On average, research analysts expect that Camden Property Trust will post 6.72 EPS for the current year.

Institutional Trading of Camden Property Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IFM Investors Pty Ltd grew its position in Camden Property Trust by 0.7% during the first quarter. IFM Investors Pty Ltd now owns 17,866 shares of the real estate investment trust's stock valued at $1,758,000 after acquiring an additional 118 shares during the period. ERn Financial LLC increased its position in shares of Camden Property Trust by 2.0% in the first quarter. ERn Financial LLC now owns 6,136 shares of the real estate investment trust's stock worth $604,000 after acquiring an additional 118 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Camden Property Trust by 23.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust's stock valued at $63,000 after acquiring an additional 119 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of Camden Property Trust by 90.4% during the 1st quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 132 shares in the last quarter. Finally, Cooper Financial Group increased its holdings in Camden Property Trust by 3.3% in the 4th quarter. Cooper Financial Group now owns 4,295 shares of the real estate investment trust's stock valued at $426,000 after purchasing an additional 139 shares in the last quarter. 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 58,634 apartment homes across the United States.