Camden Property Trust (NYSE:CPT) Given New $131.00 Price Target at Truist Financial

Camden Property Trust (NYSE:CPT) had its price objective hoisted by analysts at Truist Financial from $129.00 to $131.00 in a report released on Monday,Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price objective points to a potential upside of 9.32% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Wells Fargo & Company cut 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. Jefferies Financial Group raised Camden Property Trust from a “hold” rating to a “buy” rating and raised their price target for the stock from $117.00 to $139.00 in a research note on Monday, March 10th. Stifel Nicolaus raised their target price on Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a report on Friday, February 7th. Royal Bank of Canada raised their target price on Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a report on Monday, February 10th. Finally, Barclays upped their price target on Camden Property Trust from $127.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, May 9th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven 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 $129.94.

Camden Property Trust Trading Up 1.6%

Shares of CPT opened at $119.83 on Monday. Camden Property Trust has a 52-week low of $98.35 and a 52-week high of $127.69. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. The firm’s fifty day moving average is $116.02 and its two-hundred day moving average is $117.40. The stock has a market cap of $12.80 billion, a PE ratio of 79.89, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. The company had revenue of $390.57 million for the quarter, compared to analysts’ expectations of $388.47 million. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. Camden Property Trust’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.70 earnings per share. Research analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Insider Transactions at Camden Property Trust

In related news, CEO Richard J. Campo sold 5,572 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $119.50, for a total transaction of $665,854.00. Following the completion of the transaction, the chief executive officer now owns 289,720 shares of the company’s stock, valued at $34,621,540. This trade represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Camden Property Trust

Hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC increased its holdings in shares of Camden Property Trust by 16.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 620 shares of the real estate investment trust’s stock valued at $76,000 after acquiring an additional 89 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of Camden Property Trust by 6.5% during the 4th quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust’s stock worth $170,000 after buying an additional 90 shares during the period. Country Club Bank lifted its position in shares of Camden Property Trust by 0.4% during the 1st quarter. Country Club Bank now owns 26,200 shares of the real estate investment trust’s stock worth $3,204,000 after buying an additional 92 shares during the period. Amalgamated Bank boosted its stake in Camden Property Trust by 0.5% in the first quarter. Amalgamated Bank now owns 20,558 shares of the real estate investment trust’s stock worth $2,514,000 after purchasing an additional 93 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in shares of 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 worth $26,000 after purchasing an additional 98 shares during the period. 97.22% of the stock is owned by hedge funds and other institutional investors.

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.