Royal Bank of Canada Issues Positive Forecast for Camden Property Trust (NYSE:CPT) Stock Price

Camden Property Trust (NYSE:CPT) had its price objective hoisted by equities researchers at Royal Bank of Canada from $121.00 to $123.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 3.72% from the stock’s previous close.

Several other brokerages have also recently commented on CPT. Wells Fargo & Company dropped their price target on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Evercore ISI increased their target price on Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a report on Monday. Stifel Nicolaus raised their price target on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a report on Friday. Barclays dropped their target price on Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Finally, StockNews.com lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Camden Property Trust presently has an average rating of “Hold” and an average target price of $126.03.

Camden Property Trust Stock Down 0.5 %

CPT traded down $0.57 on Monday, reaching $118.59. The company’s stock had a trading volume of 132,199 shares, compared to its average volume of 845,566. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. The business’s 50 day moving average is $115.51 and its 200 day moving average is $118.97. The stock has a market cap of $12.65 billion, a price-to-earnings ratio of 79.07, a price-to-earnings-growth ratio of 4.27 and a beta of 0.94. Camden Property Trust has a 1 year low of $90.50 and a 1 year high of $127.69.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.32%. As a group, research analysts forecast that Camden Property Trust will post 6.8 EPS for the current fiscal year.

Insider Activity at Camden Property Trust

In other Camden Property Trust news, Director Heather J. Brunner sold 264 shares of the company’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $29,055.84. Following the completion of the sale, the director now owns 10,273 shares in the company, valued at approximately $1,130,646.38. The trade was a 2.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard J. Campo sold 7,324 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $838,598.00. Following the completion of the transaction, the chief executive officer now owns 300,135 shares in the company, valued at $34,365,457.50. This represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,413 shares of company stock worth $2,895,718 over the last 90 days. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Camden Property Trust

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP increased its holdings in shares of Camden Property Trust by 86.9% in the third quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock worth $243,952,000 after acquiring an additional 918,078 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Camden Property Trust by 508.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 946,417 shares of the real estate investment trust’s stock valued at $116,911,000 after buying an additional 790,974 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Camden Property Trust by 97.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust’s stock valued at $158,028,000 after purchasing an additional 630,768 shares during the last quarter. Heitman Real Estate Securities LLC lifted its position in Camden Property Trust by 3,155.8% during the third quarter. Heitman Real Estate Securities LLC now owns 449,295 shares of the real estate investment trust’s stock worth $55,501,000 after acquiring an additional 435,495 shares during the last quarter. Finally, FMR LLC boosted its stake in Camden Property Trust by 14.5% in the 3rd quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust’s stock valued at $407,324,000 after purchasing an additional 416,701 shares during the period. Institutional investors and hedge funds 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 58,250 apartment homes across the United States.