Camden Property Trust Research Coverage Started at Capital One Financial Corp. (CPT)
Research analysts at Capital One Financial Corp. started coverage on shares of Camden Property Trust (NYSE:CPT) in a report released on Tuesday. The firm set an “overweight” rating and a $81.00 price target on the stock. Capital One Financial Corp.’s price objective would suggest a potential upside of 8.23% from the company’s current price.
In other Camden Property Trust news, SVP Laurie Baker unloaded 1,480 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $74.37, for a total value of $110,067.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Camden Property Trust (NYSE:CPT) opened at 74.91 on Tuesday. Camden Property Trust has a 52-week low of $56.09 and a 52-week high of $75.46. The stock’s 50-day moving average is $73.47 and its 200-day moving average is $69.82. The company has a market cap of $6.416 billion and a P/E ratio of 24.19.
Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.05 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $1.02 earnings per share. Camden Property Trust’s revenue was up 7.2% compared to the same quarter last year. On average, analysts predict that Camden Property Trust will post $4.26 earnings per share for the current fiscal year.
A number of other firms have also recently commented on CPT. Analysts at Mizuho initiated coverage on shares of Camden Property Trust in a research note on Monday, August 25th. They set a “buy” rating and a $83.00 price target on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $74.91.
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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