Cantor Fitzgerald Issues Pessimistic Forecast for Camden Property Trust (NYSE:CPT) Stock Price

Camden Property Trust (NYSE:CPT) had its price objective decreased by Cantor Fitzgerald from $111.00 to $101.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. Cantor Fitzgerald‘s target price points to a potential upside of 1.17% from the company’s previous close.

Several other research firms have also commented on CPT. Wall Street Zen upgraded shares of Camden Property Trust from a “strong sell” rating to a “sell” rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $114.00 price objective on shares of Camden Property Trust in a research report on Monday, July 20th. Evercore set a $110.00 target price on shares of Camden Property Trust in a research note on Monday, September 21st. JPMorgan Chase & Co. increased their target price on shares of Camden Property Trust from $113.00 to $114.00 and gave the stock a “neutral” rating in a research note on Thursday, August 13th. Finally, Stifel Nicolaus set a $123.25 target price on Camden Property Trust in a research report on Friday, July 31st. Three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $110.95.

Camden Property Trust Stock Up 0.4%

Shares of CPT stock opened at $99.83 on Monday. The stock has a 50 day moving average of $100.55 and a 200 day moving average of $105.83. The company has a current ratio of 1.82, a quick ratio of 0.18 and a debt-to-equity ratio of 0.91. The stock has a market cap of $10.04 billion, a P/E ratio of 9.30, a P/E/G ratio of 7.40 and a beta of 0.75. Camden Property Trust has a twelve month low of $95.30 and a twelve month high of $119.81.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, November 5th. The real estate investment trust reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.02. Camden Property Trust had a return on equity of 26.22% and a net margin of 71.94%. The company had revenue of $381.06 million during the quarter, compared to the consensus estimate of $384.88 million. During the same period in the previous year, the company posted $1.70 earnings per share. Camden Property Trust’s revenue for the quarter was down 3.7% on a year-over-year basis. As a group, sell-side analysts expect that Camden Property Trust will post 6.75 EPS for the current year.

Institutional Trading of Camden Property Trust

Several institutional investors have recently modified their holdings of CPT. Aew Capital Management Inc. purchased a new position in Camden Property Trust during the third quarter worth about $85,702,000. Russell Investments Group Ltd. boosted its holdings in Camden Property Trust by 120.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,463,966 shares of the real estate investment trust’s stock valued at $141,609,000 after purchasing an additional 800,168 shares during the last quarter. Retirement Systems of Alabama grew its stake in shares of Camden Property Trust by 906.2% in the 3rd quarter. Retirement Systems of Alabama now owns 792,717 shares of the real estate investment trust’s stock valued at $76,680,000 after buying an additional 713,933 shares during the period. Danske Bank A S grew its stake in shares of Camden Property Trust by 626,941.0% in the 3rd quarter. Danske Bank A S now owns 627,041 shares of the real estate investment trust’s stock valued at $60,654,000 after buying an additional 626,941 shares during the period. Finally, Jennison Associates LLC grew its stake in shares of Camden Property Trust by 100.2% in the 1st quarter. Jennison Associates LLC now owns 1,206,854 shares of the real estate investment trust’s stock valued at $117,861,000 after buying an additional 603,997 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

About Camden Property Trust

Camden Property Trust is a real estate investment trust that owns, develops, acquires and manages apartment communities. Its residential properties serve renters in markets across the United States, with a focus on major metropolitan areas.

Founded in 1982 and headquartered in Houston, Texas, Camden has grown into a multifamily housing operator. Its services include leasing apartments and managing the day-to-day operations of its communities.