Camden Property Trust (NYSE:CPT) had its price target increased by research analysts at SunTrust Banks to $108.00 in a research note issued to investors on Thursday, The Fly reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. SunTrust Banks’ target price points to a potential upside of 1.73% from the stock’s previous close. SunTrust Banks also issued estimates for Camden Property Trust’s Q3 2019 earnings at $1.27 EPS, Q4 2019 earnings at $1.30 EPS, FY2019 earnings at $5.06 EPS, Q2 2020 earnings at $1.35 EPS, Q3 2020 earnings at $1.34 EPS, Q4 2020 earnings at $1.35 EPS and FY2020 earnings at $5.34 EPS.

CPT has been the subject of several other research reports. KeyCorp raised their price objective on shares of Camden Property Trust from $98.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Sandler O’Neill lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Finally, Barclays reaffirmed a “buy” rating and set a $108.00 price objective on shares of Camden Property Trust in a report on Tuesday, April 16th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Camden Property Trust presently has an average rating of “Buy” and an average target price of $100.53.

NYSE CPT opened at $106.16 on Thursday. The company has a market cap of $10.28 billion, a PE ratio of 22.26, a PEG ratio of 3.20 and a beta of 0.47. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.21 and a quick ratio of 0.21. Camden Property Trust has a 1-year low of $83.67 and a 1-year high of $106.92.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $1.22 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.22. The company had revenue of $248.57 million during the quarter, compared to analyst estimates of $246.50 million. Camden Property Trust had a net margin of 15.98% and a return on equity of 4.45%. The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $1.15 earnings per share. Equities analysts predict that Camden Property Trust will post 5.06 earnings per share for the current year.

In other news, Director William F. Paulsen sold 1,979 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $102.19, for a total transaction of $202,234.01. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Richard J. Campo sold 60,000 shares of the stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $105.32, for a total transaction of $6,319,200.00. Following the sale, the chairman now directly owns 273,948 shares in the company, valued at $28,852,203.36. The disclosure for this sale can be found here. Insiders have sold 99,479 shares of company stock worth $10,475,434 over the last three months. 3.40% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marshall Wace North America L.P. bought a new position in shares of Camden Property Trust during the first quarter worth $255,000. Marshall Wace LLP acquired a new stake in Camden Property Trust in the 1st quarter valued at $472,000. Accident Compensation Corp increased its stake in Camden Property Trust by 4.3% in the 1st quarter. Accident Compensation Corp now owns 4,900 shares of the real estate investment trust’s stock valued at $497,000 after buying an additional 200 shares during the last quarter. Cleararc Capital Inc. acquired a new stake in Camden Property Trust in the 1st quarter valued at $252,000. Finally, Redwood Investment Management LLC acquired a new stake in Camden Property Trust in the 1st quarter valued at $2,736,000. 93.17% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Company Profile

Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 161 properties containing 55,160 apartment homes across the United States.

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Analyst Recommendations for Camden Property Trust (NYSE:CPT)

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