Camden Property Trust (NYSE:CPT) Price Target Raised to $123.00

Camden Property Trust (NYSE:CPT) had its price target raised by analysts 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 brokerage presently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s price target indicates a potential upside of 3.72% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus upped their price objective on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a report on Friday. StockNews.com cut shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Wells Fargo & Company lowered their price objective on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Scotiabank decreased their target price on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. lowered Camden Property Trust from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $129.00 to $128.00 in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $126.03.

Camden Property Trust Stock Down 0.5 %

Camden Property Trust stock traded down $0.57 during midday trading on Monday, hitting $118.59. 132,199 shares of the stock were exchanged, compared to its average volume of 845,566. Camden Property Trust has a 52-week low of $90.50 and a 52-week high of $127.69. The business’s 50-day moving average price is $115.51 and its 200-day moving average price is $118.97. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. The stock has a market capitalization 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 (NYSE:CPT) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 EPS 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%. On average, research analysts expect that Camden Property Trust will post 6.8 EPS for the current fiscal year.

Insider Transactions at Camden Property Trust

In related news, CEO Richard J. Campo sold 7,324 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 300,135 shares in the company, valued at approximately $34,365,457.50. This represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Alexander J. Jessett sold 13,067 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $1,496,171.50. Following the sale, the chief financial officer now directly owns 124,246 shares of the company’s stock, valued at $14,226,167. The trade was a 9.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,413 shares of company stock worth $2,895,718 over the last three months. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Camden Property Trust

Hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in Camden Property Trust by 76.6% in the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 98 shares in the last quarter. National Pension Service purchased a new stake in shares of Camden Property Trust during the 4th quarter worth approximately $26,000. Quent Capital LLC raised its holdings in Camden Property Trust by 87.0% during the fourth 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 last quarter. IAG Wealth Partners LLC purchased a new position in shares of Camden Property Trust in the fourth quarter valued at $29,000. Finally, Neo Ivy Capital Management acquired a new position in shares of Camden Property Trust during the 3rd quarter worth $38,000. 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.