Camden Property Trust Price Target Lowered to $73.00 at Barclays (CPT)
Analysts at Barclays cut their target price on shares of Camden Property Trust (NYSE:CPT) from $78.00 to $73.00 in a research report issued to clients and investors on Tuesday, Stock Ratings Network.com reports. The firm currently has an “overweight” rating on the stock. Barclays’ price target indicates a potential upside of 22.87% from the stock’s previous close.
Camden Property Trust (NYSE:CPT) traded up 1.26% during mid-day trading on Tuesday, hitting $60.16. The stock had a trading volume of 210,418 shares. Camden Property Trust has a one year low of $56.09 and a one year high of $76.06. The stock has a 50-day moving average of $58.59 and a 200-day moving average of $63.12. The company has a market cap of $5.132 billion and a price-to-earnings ratio of 15.03.
CPT has been the subject of a number of other recent research reports. Analysts at Deutsche Bank cut their price target on shares of Camden Property Trust from $75.00 to $64.00 in a research note to investors on Monday. They now have a “hold” rating on the stock. Separately, analysts at UBS AG downgraded shares of Camden Property Trust from a “buy” rating to a “neutral” rating in a research note to investors on Friday, January 10th. Finally, analysts at BMO Capital Markets downgraded shares of Camden Property Trust from an “outperform” rating to an “underperform” rating in a research note to investors on Monday, December 9th. They now have a $58.00 price target on the stock, down previously from $70.00. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $60.56.
Camden Property Trust is a real estate investment trust. The Company is engaged in ownership, management, development, acquisition, and construction of multi-family apartment communities.
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