Camden Property Trust (NYSE:CPT) Price Target Raised to $129.00

Camden Property Trust (NYSE:CPT) had its price target raised by JPMorgan Chase & Co. from $112.00 to $129.00 in a research report released on Monday, Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

Several other research analysts have also commented on CPT. Truist Financial boosted their price objective on Camden Property Trust from $122.00 to $133.00 and gave the stock a buy rating in a report on Monday, August 26th. Mizuho cut their target price on Camden Property Trust from $111.00 to $108.00 and set a buy rating for the company in a research note on Thursday, May 30th. Scotiabank upped their target price on Camden Property Trust from $116.00 to $125.00 and gave the stock a sector perform rating in a research note on Monday, August 26th. Bank of America raised Camden Property Trust from an underperform rating to a buy rating and upped their target price for the stock from $111.00 to $147.00 in a research note on Monday, August 12th. Finally, BNP Paribas began coverage on Camden Property Trust in a research note on Wednesday, September 11th. They issued a neutral rating and a $129.00 target price for the company. Fourteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $121.69.

Camden Property Trust Stock Down 0.5 %

Shares of NYSE CPT opened at $124.93 on Monday. Camden Property Trust has a 12 month low of $82.81 and a 12 month high of $127.23. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $13.31 billion, a price-to-earnings ratio of 30.62, a PEG ratio of 4.60 and a beta of 0.90. The business has a 50-day moving average of $117.69 and a 200-day moving average of $107.74.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.27). Camden Property Trust had a return on equity of 7.98% and a net margin of 25.64%. The business had revenue of $387.15 million for the quarter, compared to analysts’ expectations of $384.76 million. During the same period in the previous year, the firm posted $1.70 EPS. Sell-side analysts expect that Camden Property Trust will post 6.77 earnings per share for the current fiscal year.

Institutional Trading of Camden Property Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Lindbrook Capital LLC raised its holdings in shares of Camden Property Trust by 90.4% during the first quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 132 shares in the last quarter. Kings Path Partners LLC bought a new position in shares of Camden Property Trust during the second quarter valued at approximately $33,000. Federated Hermes Inc. bought a new position in shares of Camden Property Trust during the second quarter valued at approximately $33,000. Family Firm Inc. bought a new position in shares of Camden Property Trust during the second quarter valued at approximately $39,000. Finally, Versant Capital Management Inc raised its holdings in shares of Camden Property Trust by 2,187.5% during the second quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 350 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

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.