Camden Property Trust (NYSE:CPT) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Camden Property Trust (NYSE:CPT) had its price objective lifted by equities researchers at Stifel Nicolaus from $121.00 to $122.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 1.95% from the company’s current price.

A number of other research firms have also weighed in on CPT. Barclays dropped their price objective on Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $121.00 price objective on shares of Camden Property Trust in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. lowered Camden Property Trust from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $129.00 to $128.00 in a research report on Tuesday, December 17th. Mizuho cut their price target on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Monday, January 6th. Finally, StockNews.com downgraded shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $125.42.

Camden Property Trust Trading Up 1.7 %

NYSE:CPT traded up $1.97 during midday trading on Friday, reaching $119.67. 590,334 shares of the stock traded hands, compared to its average volume of 831,451. The stock has a market capitalization of $12.77 billion, a P/E ratio of 37.72, a PEG ratio of 4.13 and a beta of 0.94. Camden Property Trust has a 12 month low of $90.50 and a 12 month high of $127.69. The company has a fifty day moving average of $115.64 and a 200 day moving average of $118.85. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 6.97% and a net margin of 22.32%. On average, research analysts predict that Camden Property Trust will post 6.75 EPS for the current year.

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, Director Heather J. Brunner sold 1,853 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $212,168.50. Following the transaction, the director now directly owns 10,537 shares of the company’s stock, valued at $1,206,486.50. This represents a 14.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Richard J. Campo sold 7,324 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $838,598.00. Following the completion of the transaction, the chief executive officer now owns 300,135 shares in the company, valued at $34,365,457.50. The trade was a 2.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,413 shares of company stock worth $2,895,718. Insiders own 1.90% of the company’s stock.

Institutional Trading of Camden Property Trust

Several large investors have recently bought and sold shares of the business. SMART Wealth LLC bought a new position in shares of Camden Property Trust during the 3rd quarter worth about $829,000. Nordea Investment Management AB lifted its holdings in Camden Property Trust by 15.0% during the 4th quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust’s stock worth $11,339,000 after purchasing an additional 12,805 shares in the last quarter. QRG Capital Management Inc. bought a new position in shares of Camden Property Trust in the third quarter worth $1,660,000. Franklin Resources Inc. grew its stake in Camden Property Trust by 3.2% in the 3rd quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust’s stock worth $23,174,000 after buying an additional 5,985 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Camden Property Trust by 10.5% during the 3rd quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust’s stock valued at $66,563,000 after buying an additional 51,097 shares in the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Company Profile

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.