Camden Property Trust (NYSE:CPT) PT Raised to $86.00
Camden Property Trust (NYSE:CPT) had its price objective boosted by equities research analysts at Barclays PLC from $85.00 to $86.00 in a research note issued on Tuesday. The brokerage currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays PLC’s price objective would suggest a potential downside of 1.04% from the company’s previous close.
A number of other equities analysts also recently weighed in on the stock. Evercore ISI boosted their target price on shares of Camden Property Trust from $87.00 to $88.00 and gave the stock an “in-line” rating in a report on Wednesday, April 19th. BTIG Research upgraded shares of Camden Property Trust from a “neutral” rating to a “buy” rating and set a $90.00 target price on the stock in a report on Monday, April 24th. BMO Capital Markets set a $81.00 target price on shares of Camden Property Trust and gave the stock a “hold” rating in a report on Thursday, May 4th. KeyCorp raised shares of Camden Property Trust from a “sector weight” rating to an “overweight” rating and set a $93.00 price objective for the company in a research report on Tuesday, June 13th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Camden Property Trust in a research report on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $88.13.
Shares of Camden Property Trust (NYSE CPT) traded down 0.10% on Tuesday, hitting $86.81. 190,769 shares of the stock traded hands. Camden Property Trust has a 52 week low of $75.36 and a 52 week high of $90.83. The firm has a market capitalization of $7.61 billion, a PE ratio of 9.69 and a beta of 0.37. The firm’s 50 day moving average is $85.11 and its 200 day moving average is $82.92.
Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, May 4th. The real estate investment trust reported $1.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.10 by $0.01. The firm had revenue of $219.50 million for the quarter, compared to analyst estimates of $218.19 million. Camden Property Trust had a return on equity of 13.94% and a net margin of 92.55%. Camden Property Trust’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 earnings per share. On average, analysts expect that Camden Property Trust will post $1.83 EPS for the current fiscal year.
In other news, Director William F. Paulsen sold 2,227 shares of the business’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $87.18, for a total value of $194,149.86. Following the completion of the sale, the director now owns 14,284 shares of the company’s stock, valued at $1,245,279.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 4.70% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Pensionfund DSM Netherlands boosted its stake in shares of Camden Property Trust by 93.9% in the fourth quarter. Pensionfund DSM Netherlands now owns 37,369 shares of the real estate investment trust’s stock worth $2,868,000 after buying an additional 18,100 shares during the last quarter. Gerstein Fisher boosted its stake in shares of Camden Property Trust by 1.3% in the third quarter. Gerstein Fisher now owns 6,288 shares of the real estate investment trust’s stock worth $465,000 after buying an additional 80 shares during the last quarter. Pensionfund Sabic boosted its stake in shares of Camden Property Trust by 70.8% in the fourth quarter. Pensionfund Sabic now owns 14,231 shares of the real estate investment trust’s stock worth $1,092,000 after buying an additional 5,900 shares during the last quarter. Nisa Investment Advisors boosted its stake in shares of Camden Property Trust by 10.4% in the fourth quarter. Nisa Investment Advisors now owns 36,120 shares of the real estate investment trust’s stock worth $2,773,000 after buying an additional 3,400 shares during the last quarter. Finally, Eagle Asset Management acquired a new stake in shares of Camden Property Trust during the third quarter worth about $147,478,000. 91.61% of the stock is owned by institutional investors.
Camden Property Trust Company Profile
Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. As of December 31, 2016, the Company owned interests in, operated, or were developing 159 multifamily properties, which consisted of 55,366 apartment homes across the United States.
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