Camden Property Trust (NYSE:CPT) Stock Price Expected to Rise, Barclays Analyst Says

Camden Property Trust (NYSE:CPT) had its price target boosted by Barclays from $126.00 to $130.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Barclays‘s price objective suggests a potential upside of 9.03% from the stock’s previous close.

Several other research analysts have also issued reports on the company. Evercore ISI increased their target price on Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. Scotiabank raised their price objective on Camden Property Trust from $130.00 to $135.00 and gave the company a “sector perform” rating in a research report on Friday, February 14th. Royal Bank of Canada boosted their target price on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a report on Monday, February 10th. Stifel Nicolaus increased their price target on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company dropped their price objective on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $126.53.

Camden Property Trust Stock Up 0.1 %

Shares of Camden Property Trust stock opened at $119.24 on Wednesday. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. Camden Property Trust has a 12-month low of $92.26 and a 12-month high of $127.69. The company has a market cap of $12.72 billion, a P/E ratio of 79.49, a PEG ratio of 4.34 and a beta of 0.94. The company’s fifty day simple moving average is $115.12 and its two-hundred day simple moving average is $119.26.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating 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 3.35%. Research analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, Director Heather J. Brunner sold 1,853 shares of Camden Property Trust stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $212,168.50. Following the completion of the sale, the director now owns 10,537 shares of the company’s stock, valued at approximately $1,206,486.50. The trade was a 14.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard J. Campo sold 7,324 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $838,598.00. Following the transaction, the chief executive officer now directly owns 300,135 shares in the company, valued at $34,365,457.50. The trade was a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,413 shares of company stock worth $2,895,718. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Camden Property Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the business. UMB Bank n.a. increased its holdings in Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 98 shares during the last quarter. National Pension Service purchased a new stake in shares of Camden Property Trust in the 4th quarter worth $26,000. Quent Capital LLC raised its holdings in Camden Property Trust by 87.0% in the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 114 shares during the period. IAG Wealth Partners LLC purchased a new position in Camden Property Trust during the fourth quarter valued at $29,000. Finally, Bellwether Advisors LLC bought a new stake in Camden Property Trust during the fourth quarter valued at about $31,000. 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 58,250 apartment homes across the United States.