Camden Property Trust Reaches New 52-Week High at $75.52 (CPT)
Camden Property Trust (NYSE:CPT) reached a new 52-week high during mid-day trading on Wednesday , Analyst Ratings Net reports. The stock traded as high as $75.52 and last traded at $75.35, with a volume of 149,326 shares. The stock had previously closed at $75.04.
A number of research firms have recently commented on CPT. Analysts at Capital One Financial Corp. initiated coverage on shares of Camden Property Trust in a research note on Tuesday. They set an “overweight” rating and a $81.00 price target on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $74.91.
The stock has a 50-day moving average of $73.55 and a 200-day moving average of $69.95. The company has a market cap of $6.461 billion and a P/E ratio of 24.25.
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.
In other Camden Property Trust news, SVP Laurie Baker unloaded 1,480 shares of the stock on the open market in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available at this link.
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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