Camden Property Trust Price Target Raised to $79.00 at Stifel Nicolaus (CPT)
Investment analysts at Stifel Nicolaus raised their target price on shares of Camden Property Trust (NYSE:CPT) from $74.00 to $79.00 in a note issued to investors on Friday. Stifel Nicolaus’ price objective indicates a potential upside of 9.00% from the company’s current price.
Camden Property Trust (NYSE:CPT) traded up 0.17% during mid-day trading on Friday, hitting $72.48. The stock had a trading volume of 1,051,603 shares. Camden Property Trust has a one year low of $56.09 and a one year high of $74.12. The stock’s 50-day moving average is $71. and its 200-day moving average is $68.12. The company has a market cap of $6.202 billion and a P/E ratio of 20.67.
Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.05. The company had revenue of $208.94 million for the quarter, compared to the consensus estimate of $208.94 million. During the same quarter in the previous year, the company posted $1.02 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts predict that Camden Property Trust will post $4.23 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on CPT. Analysts at Barclays raised their price target on shares of Camden Property Trust from $75.00 to $79.00 in a research note on Monday, July 21st. They now have an “overweight” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Camden Property Trust from $65.00 to $71.00 in a research note on Wednesday, July 9th. They now have a “hold” rating on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Camden Property Trust from $73.00 to $72.00 in a research note on Friday, June 20th. They now have a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $62.94.
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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