Camden Property Trust’s (CPT) Buy Rating Reiterated at BMO Capital Markets
Camden Property Trust (NYSE:CPT)‘s stock had its “buy” rating reissued by analysts at BMO Capital Markets in a research note issued on Friday. They presently have a $95.00 price objective on the real estate investment trust’s stock. BMO Capital Markets’ price target would suggest a potential downside of 0.73% from the company’s current price.
Other analysts also recently issued reports about the company. Sandler O’Neill upgraded Camden Property Trust from a “hold” rating to a “buy” rating and boosted their price target for the company from $93.00 to $105.00 in a research note on Tuesday. Royal Bank Of Canada boosted their price target on Camden Property Trust from $91.00 to $95.00 and gave the company an “outperform” rating in a research note on Monday, August 7th. Stifel Nicolaus initiated coverage on Camden Property Trust in a research note on Friday, September 1st. They issued a “buy” rating and a $99.00 price target for the company. Deutsche Bank AG boosted their price target on Camden Property Trust from $84.00 to $85.00 and gave the company a “hold” rating in a research note on Friday, August 18th. Finally, Barclays PLC boosted their price target on Camden Property Trust from $85.00 to $86.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $90.40.
Camden Property Trust (CPT) opened at 95.70 on Friday. The company has a 50 day moving average price of $89.86 and a 200-day moving average price of $85.07. The firm has a market capitalization of $8.39 billion, a price-to-earnings ratio of 21.41 and a beta of 0.38. Camden Property Trust has a 52 week low of $75.36 and a 52 week high of $95.86.
Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, July 27th. The real estate investment trust reported $1.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.02. Camden Property Trust had a return on equity of 13.17% and a net margin of 46.10%. The company had revenue of $222.40 million during the quarter, compared to the consensus estimate of $222.44 million. During the same period in the previous year, the company posted $1.15 EPS. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. Equities analysts predict that Camden Property Trust will post $1.73 earnings per share for the current year.
In other news, EVP William W. Sengelmann sold 763 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $89.76, for a total transaction of $68,486.88. Following the completion of the sale, the executive vice president now directly owns 71,836 shares in the company, valued at approximately $6,447,999.36. 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 on Monday, August 7th. The shares were 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. Over the last quarter, insiders have sold 120,811 shares of company stock valued at $10,812,185. Corporate insiders own 4.70% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC lifted its position in shares of Camden Property Trust by 6.1% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,171 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 67 shares during the period. Perigon Wealth Management LLC bought a new stake in shares of Camden Property Trust during the 1st quarter valued at $110,000. Assetmark Inc. lifted its position in shares of Camden Property Trust by 478.5% during the 1st quarter. Assetmark Inc. now owns 1,695 shares of the real estate investment trust’s stock valued at $136,000 after acquiring an additional 1,402 shares during the period. Founders Capital Management bought a new stake in shares of Camden Property Trust during the 1st quarter valued at $140,000. Finally, Laurion Capital Management LP bought a new stake in shares of Camden Property Trust during the 1st quarter valued at $201,000. Hedge funds and other institutional investors own 95.94% of the company’s stock.
About Camden Property Trust
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.
Receive News & Ratings for Camden Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camden Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.