Camden Property Trust (NYSE:CPT) Receives Average Rating of “Hold” from Analysts

Camden Property Trust (NYSE:CPT) has been given a consensus recommendation of “Hold” by the eighteen ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $129.83.

Several research firms recently commented on CPT. Barclays lifted their target price on shares of Camden Property Trust from $127.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Royal Bank of Canada boosted their price target on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a “sector perform” rating in a research report on Monday, February 10th. Scotiabank boosted their price target on shares of Camden Property Trust from $135.00 to $144.00 and gave the stock a “sector perform” rating in a research report on Monday, May 12th. Truist Financial boosted their price target on shares of Camden Property Trust from $122.00 to $129.00 and gave the stock a “buy” rating in a research report on Monday, March 10th. Finally, Citigroup upgraded shares of Camden Property Trust from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $125.00 to $138.00 in a research report on Friday, March 28th.

Insider Activity at Camden Property Trust

In related news, CEO Richard J. Campo sold 5,572 shares of the business’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $119.50, for a total transaction of $665,854.00. Following the transaction, the chief executive officer now owns 289,720 shares in the company, valued at $34,621,540. The trade was a 1.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Camden Property Trust by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 17,250,406 shares of the real estate investment trust’s stock worth $2,001,737,000 after buying an additional 125,287 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Camden Property Trust by 6.7% during the fourth quarter. Victory Capital Management Inc. now owns 4,400,846 shares of the real estate investment trust’s stock worth $510,674,000 after buying an additional 277,117 shares during the last quarter. Invesco Ltd. raised its holdings in Camden Property Trust by 17.3% during the fourth quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust’s stock worth $344,432,000 after buying an additional 438,685 shares during the last quarter. Geode Capital Management LLC raised its holdings in Camden Property Trust by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 2,816,260 shares of the real estate investment trust’s stock worth $326,032,000 after buying an additional 76,429 shares during the last quarter. Finally, Centersquare Investment Management LLC raised its holdings in Camden Property Trust by 3.6% during the first quarter. Centersquare Investment Management LLC now owns 2,614,150 shares of the real estate investment trust’s stock worth $319,711,000 after buying an additional 91,752 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Stock Up 1.6%

NYSE:CPT opened at $119.83 on Tuesday. The firm’s 50 day simple moving average is $116.02 and its 200 day simple moving average is $117.39. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. Camden Property Trust has a one year low of $98.35 and a one year high of $127.69. The company has a market cap of $12.80 billion, a PE ratio of 79.89, a P/E/G 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, topping the consensus estimate of $1.68 by $0.04. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. The business had revenue of $390.57 million for the quarter, compared to the consensus estimate of $388.47 million. During the same period last year, the company earned $1.70 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. On average, research analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current year.

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.