Camden Property Trust (NYSE:CPT) Receives Consensus Recommendation of “Hold” from Analysts

Camden Property Trust (NYSE:CPT) has earned a consensus rating of “Hold” from the eighteen brokerages that are currently covering the firm, 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 1 year price target among brokers that have issued ratings on the stock in the last year is $129.33.

Several research analysts recently weighed in on CPT shares. Jefferies Financial Group upgraded Camden Property Trust from a “hold” rating to a “buy” rating and increased their price objective for the stock from $117.00 to $139.00 in a research report on Monday, March 10th. Wall Street Zen lowered Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th. Scotiabank lowered their price objective on Camden Property Trust from $144.00 to $136.00 and set a “sector perform” rating for the company in a research report on Friday. Barclays increased their price objective on Camden Property Trust from $127.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Finally, Truist Financial set a $131.00 price target on Camden Property Trust and gave the stock a “buy” rating in a research report on Monday, May 19th.

Insider Activity at Camden Property Trust

In related news, CEO Richard J. Campo sold 5,572 shares of Camden Property Trust stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $119.50, for a total value of $665,854.00. Following the completion of the transaction, the chief executive officer now directly owns 289,720 shares in the company, valued at approximately $34,621,540. This trade represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Steven A. Webster sold 1,200 shares of Camden Property Trust stock in a transaction on Friday, May 16th. The shares were sold at an average price of $118.76, for a total value of $142,512.00. Following the completion of the transaction, the director now owns 117,374 shares of the company’s stock, valued at approximately $13,939,336.24. This trade represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. National Pension Service purchased a new position in Camden Property Trust in the fourth quarter valued at $26,000. Quent Capital LLC raised its stake in Camden Property Trust by 87.0% in the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 114 shares in the last quarter. IAG Wealth Partners LLC acquired a new stake in Camden Property Trust in the fourth quarter valued at $29,000. Bellwether Advisors LLC acquired a new stake in Camden Property Trust in the fourth quarter valued at $31,000. Finally, Cape Investment Advisory Inc. acquired a new stake in Camden Property Trust in the first quarter valued at $37,000. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Price Performance

NYSE:CPT opened at $115.96 on Friday. Camden Property Trust has a one year low of $102.35 and a one year high of $127.69. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. The stock has a market cap of $12.39 billion, a PE ratio of 77.31, a P/E/G ratio of 4.41 and a beta of 0.78. The stock has a 50 day moving average price of $115.20 and a 200 day moving average price of $116.91.

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