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

Camden Property Trust (NYSE:CPT) had its target price lifted by equities research analysts at Truist Financial from $122.00 to $129.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price objective would indicate a potential upside of 4.51% from the company’s current price.

A number of other research firms have also weighed in on CPT. Wells Fargo & Company reduced their price objective on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Mizuho decreased their target price on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. StockNews.com cut Camden Property Trust from a “hold” rating to a “sell” rating in a report on Saturday. Barclays increased their target price on Camden Property Trust from $126.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Finally, Stifel Nicolaus boosted their price target on Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a research note on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $127.19.

Camden Property Trust Price Performance

Shares of NYSE:CPT traded up $1.94 during trading on Monday, reaching $123.43. The company had a trading volume of 63,876 shares, compared to its average volume of 910,237. The company has a fifty day moving average of $116.39 and a two-hundred day moving average of $119.56. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $13.18 billion, a P/E ratio of 82.34, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. Camden Property Trust has a 12 month low of $94.75 and a 12 month high of $127.69.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. Equities research analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Heather J. Brunner sold 264 shares of the business’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $29,055.84. Following the transaction, the director now owns 10,273 shares of the company’s stock, 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 can be accessed through this link. Also, CFO Alexander J. Jessett sold 13,067 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $1,496,171.50. Following the completion of the sale, the chief financial officer now directly owns 124,246 shares of the company’s stock, valued at $14,226,167. This represents a 9.52 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,413 shares of company stock valued at $2,895,718. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Camden Property Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. UMB Bank n.a. increased its holdings in shares of Camden Property Trust by 76.6% during the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 98 shares during the last quarter. National Pension Service purchased a new stake in Camden Property Trust in the fourth quarter valued at $26,000. Quent Capital LLC lifted its stake in shares of 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 valued at $28,000 after purchasing an additional 114 shares during the last quarter. IAG Wealth Partners LLC acquired a new position in shares of Camden Property Trust in the 4th quarter valued at $29,000. Finally, Bellwether Advisors LLC purchased a new position in shares of Camden Property Trust during the 4th quarter worth $31,000. 97.22% of the stock is currently owned by institutional investors and hedge funds.

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.