Camden Property Trust Receives Average Rating of “Hold” from Brokerages (NYSE:CPT)
Shares of Camden Property Trust (NYSE:CPT) have earned a consensus rating of “Hold” from the nine brokerages that are currently covering the stock, Analyst Ratings Network.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $73.33.
Camden Property Trust (NYSE:CPT) opened at 72.39 on Monday. Camden Property Trust has a 1-year low of $56.09 and a 1-year high of $74.12. The stock’s 50-day moving average is $71.97 and its 200-day moving average is $68.4. The company has a market cap of $6.200 billion and a price-to-earnings ratio of 23.33.
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 $4.24 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on CPT shares. Analysts at RBC Capital raised their price target on shares of Camden Property Trust from $77.00 to $80.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Camden Property Trust in a research note on Wednesday. They now have a $77.00 price target on the stock, up previously from $62.00. Finally, analysts at Stifel Nicolaus raised their price target on shares of Camden Property Trust from $74.00 to $79.00 in a research note on Friday, August 1st.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.