Camden Property Trust Research Coverage Started at Mizuho (CPT)
Mizuho assumed coverage on shares of Camden Property Trust (NYSE:CPT) in a research note issued on Monday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $83.00 price target on the stock. Mizuho’s price target would indicate a potential upside of 12.15% from the stock’s previous close.
In other Camden Property Trust news, Director Lewis A. Levey unloaded 20,000 shares of Camden Property Trust stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $74.64, for a total transaction of $1,492,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several other analysts have also recently commented on the stock. 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, August 7th. 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, August 6th. 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Camden Property Trust has a consensus rating of “Hold” and an average target price of $74.30.
Camden Property Trust (NYSE:CPT) opened at 74.01 on Monday. Camden Property Trust has a one year low of $56.09 and a one year high of $75.46. The stock has a 50-day moving average of $73.10 and a 200-day moving average of $69.4. The company has a market cap of $6.339 billion and a price-to-earnings ratio of 24.14.
Camden Property Trust (NYSE:CPT) last released its 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. Analysts expect that Camden Property Trust will post $4.26 EPS for the current fiscal year.
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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