Brokerages Set Camden Property Trust (NYSE:CPT) PT at $104.29

Camden Property Trust (NYSE:CPT - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seventeen analysts that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $104.29.

A number of equities research analysts have weighed in on CPT shares. 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 objective on the stock. Barclays lowered Camden Property Trust from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $138.00 to $100.00 in a research report on Tuesday, February 20th. Mizuho dropped their target price on Camden Property Trust from $103.00 to $99.00 and set a "buy" rating on the stock in a report on Wednesday, February 28th. Truist Financial raised their price target on Camden Property Trust from $113.00 to $114.00 and gave the company a "buy" rating in a report on Tuesday, April 9th. Finally, StockNews.com raised Camden Property Trust from a "sell" rating to a "hold" rating in a research report on Tuesday.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CPT. Lindbrook Capital LLC raised its stake in 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 worth $27,000 after acquiring an additional 132 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of 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 worth $36,000 after purchasing an additional 144 shares in the last quarter. Tobam raised its position in shares of Camden Property Trust by 4,166.7% during the 4th quarter. Tobam now owns 384 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 375 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Camden Property Trust by 23.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust's stock valued at $63,000 after buying an additional 119 shares in the last quarter. Finally, Quarry LP boosted its holdings in Camden Property Trust by 1,081.5% in the 4th quarter. Quarry LP now owns 638 shares of the real estate investment trust's stock worth $63,000 after buying an additional 584 shares during the period. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Trading Up 4.5 %

Shares of NYSE CPT traded up $4.55 during midday trading on Friday, hitting $105.08. 1,882,880 shares of the company traded hands, compared to its average volume of 1,110,522. Camden Property Trust has a 12-month low of $82.81 and a 12-month high of $114.04. The firm has a market cap of $11.44 billion, a P/E ratio of 28.40, a P/E/G ratio of 3.70 and a beta of 0.82. The stock has a 50-day moving average price of $97.89 and a 200 day moving average price of $95.33. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.88 and a current ratio of 0.88.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 EPS for the quarter, beating analysts' consensus estimates of $1.72 by $0.31. The company 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 8.07% and a net margin of 26.15%. The firm's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.74 EPS. As a group, analysts expect that Camden Property Trust will post 6.72 earnings per share for the current year.

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.