Camden Property Trust (NYSE:CPT) Rating Reiterated by Wedbush

Camden Property Trust (NYSE:CPT - Get Free Report)'s stock had its "outperform" rating restated by analysts at Wedbush in a research note issued on Monday, Benzinga reports. They presently have a $110.00 price target on the real estate investment trust's stock. Wedbush's price target would indicate a potential upside of 9.69% from the company's current price.

Other equities research analysts have also recently issued reports about the company. Piper Sandler reaffirmed an "underweight" rating and issued a $90.00 price target on shares of Camden Property Trust in a research note on Tuesday, March 26th. The Goldman Sachs Group started coverage on Camden Property Trust in a research note on Thursday, February 22nd. They issued a "buy" rating and a $112.00 price target on the stock. StockNews.com cut Camden Property Trust from a "hold" rating to a "sell" rating in a research note on Thursday, April 4th. Truist Financial increased their target price on Camden Property Trust from $113.00 to $114.00 and gave the stock a "buy" rating in a research note on Tuesday, April 9th. Finally, Morgan Stanley raised their price target on Camden Property Trust from $95.00 to $98.00 and gave the company an "equal weight" rating in a report on Monday, February 26th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Camden Property Trust presently has a consensus rating of "Hold" and an average price target of $104.29.

Camden Property Trust Trading Up 0.7 %

Shares of CPT traded up $0.66 during mid-day trading on Monday, hitting $100.28. 646,578 shares of the company's stock traded hands, compared to its average volume of 1,097,531. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. Camden Property Trust has a 1 year low of $82.81 and a 1 year high of $114.04. The firm has a market capitalization of $10.92 billion, a P/E ratio of 27.10, a PEG ratio of 3.74 and a beta of 0.83. The business's 50-day moving average price is $97.41 and its 200-day moving average price is $95.19.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.31. The company had revenue of $387.59 million for 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.74 earnings per share. As a group, sell-side analysts forecast that Camden Property Trust will post 6.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CPT. Lindbrook Capital LLC raised its holdings in shares of Camden Property Trust by 90.4% during the first quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 132 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Camden Property Trust by 60.8% during the third quarter. Parkside Financial Bank & Trust now owns 381 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 144 shares during the last quarter. Tobam raised its holdings in shares of 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 purchasing an additional 375 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Camden Property Trust by 23.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust's stock valued at $63,000 after purchasing an additional 119 shares during the last quarter. Finally, Quarry LP raised its holdings in shares of Camden Property Trust by 1,081.5% during the fourth quarter. Quarry LP now owns 638 shares of the real estate investment trust's stock valued at $63,000 after purchasing an additional 584 shares during the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

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.