Camden Property Trust (NYSE:CPT) has earned a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $88.17.

A number of analysts recently commented on the company. Deutsche Bank AG upped their price objective on Camden Property Trust from $84.00 to $85.00 and gave the company a “hold” rating in a research report on Friday. Royal Bank Of Canada upped their price objective on Camden Property Trust from $91.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, August 7th. BMO Capital Markets upgraded Camden Property Trust from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $81.00 to $89.00 in a research report on Thursday, May 25th. They noted that the move was a valuation call. Barclays PLC upped their price target on Camden Property Trust from $85.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 18th. Finally, Evercore ISI upgraded Camden Property Trust from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $87.00 to $90.00 in a research report on Thursday, May 18th. They noted that the move was a valuation call.

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In other news, EVP Alexander J. Jessett sold 11,788 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $89.81, for a total value of $1,058,680.28. Following the completion of the transaction, the executive vice president now owns 56,783 shares of the company’s stock, valued at $5,099,681.23. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President D Keith Oden sold 86,540 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $89.43, for a total value of $7,739,272.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 120,811 shares of company stock valued at $10,812,185. Corporate insiders own 4.70% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in CPT. Linscomb & Williams Inc. raised its position in Camden Property Trust by 0.6% in the first quarter. Linscomb & Williams Inc. now owns 4,681 shares of the real estate investment trust’s stock worth $377,000 after buying an additional 29 shares during the period. Telos Capital Management Inc. raised its position in Camden Property Trust by 1.4% in the first quarter. Telos Capital Management Inc. now owns 4,088 shares of the real estate investment trust’s stock worth $329,000 after buying an additional 55 shares during the period. YorkBridge Wealth Partners LLC raised its position in Camden Property Trust by 6.1% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,171 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 67 shares during the period. Sawtooth Solutions LLC raised its position in Camden Property Trust by 2.7% in the second quarter. Sawtooth Solutions LLC now owns 2,701 shares of the real estate investment trust’s stock worth $231,000 after buying an additional 72 shares during the period. Finally, Creative Planning raised its position in Camden Property Trust by 3.1% in the first quarter. Creative Planning now owns 2,638 shares of the real estate investment trust’s stock worth $212,000 after buying an additional 80 shares during the period. 94.78% of the stock is owned by hedge funds and other institutional investors.

Shares of Camden Property Trust (CPT) traded down 0.74% on Friday, reaching $88.23. The company’s stock had a trading volume of 152,693 shares. The company has a market capitalization of $7.73 billion, a price-to-earnings ratio of 19.74 and a beta of 0.37. The company’s 50-day moving average is $87.92 and its 200 day moving average is $84.19. Camden Property Trust has a 12-month low of $75.36 and a 12-month high of $90.83.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. The company had revenue of $222.40 million during the quarter, compared to analysts’ expectations of $222.44 million. Camden Property Trust had a return on equity of 13.17% and a net margin of 46.10%. Camden Property Trust’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.15 earnings per share. Equities analysts anticipate that Camden Property Trust will post $1.73 earnings per share for the current fiscal year.

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.

Analyst Recommendations for Camden Property Trust (NYSE:CPT)

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