BMO Capital Markets Analysts Give Camden Property Trust (CPT) a $94.00 Price Target

Camden Property Trust (NYSE:CPT) has been given a $94.00 target price by investment analysts at BMO Capital Markets in a research note issued on Monday. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. BMO Capital Markets’ target price suggests a potential upside of 15.78% from the company’s current price.

CPT has been the topic of a number of other reports. Mizuho reiterated a “hold” rating and set a $90.00 target price on shares of Camden Property Trust in a report on Sunday, October 15th. JPMorgan Chase & Co. upgraded shares of Camden Property Trust from a “neutral” rating to an “overweight” rating and set a $100.00 target price on the stock in a report on Friday, December 15th. TheStreet lowered shares of Camden Property Trust from a “b” rating to a “c+” rating in a report on Thursday, January 18th. Sandler O’Neill set a $97.00 target price on shares of Camden Property Trust and gave the stock a “buy” rating in a report on Tuesday, February 6th. Finally, Robert W. Baird reiterated a “hold” rating and set a $93.00 target price on shares of Camden Property Trust in a report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $91.47.

Camden Property Trust (CPT) traded up $0.44 during trading hours on Monday, hitting $81.19. 889,502 shares of the company were exchanged, compared to its average volume of 608,307. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.24 and a quick ratio of 1.94. The stock has a market cap of $7,840.42, a PE ratio of 38.66, a P/E/G ratio of 3.13 and a beta of 0.34. Camden Property Trust has a 1 year low of $78.38 and a 1 year high of $96.39.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, February 1st. The real estate investment trust reported $0.91 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.18 by ($0.27). The company had revenue of $229.80 million for the quarter, compared to analysts’ expectations of $228.99 million. Camden Property Trust had a return on equity of 6.01% and a net margin of 21.80%. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.15 EPS. equities analysts predict that Camden Property Trust will post 4.76 earnings per share for the current year.

In other news, President D Keith Oden sold 55,682 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $92.27, for a total value of $5,137,778.14. Following the sale, the president now directly owns 364,771 shares in the company, valued at approximately $33,657,420.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard J. Campo sold 379 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $94.44, for a total transaction of $35,792.76. Following the completion of the sale, the chairman now owns 338,519 shares in the company, valued at $31,969,734.36. The disclosure for this sale can be found here. Insiders sold a total of 126,297 shares of company stock worth $11,635,108 over the last 90 days. Company insiders own 4.70% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Camden Property Trust by 8.5% in the 4th quarter. BlackRock Inc. now owns 11,940,510 shares of the real estate investment trust’s stock valued at $1,099,242,000 after buying an additional 939,465 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Camden Property Trust by 27.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,636,486 shares of the real estate investment trust’s stock valued at $332,848,000 after buying an additional 778,543 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Camden Property Trust by 19.7% in the 4th quarter. Bank of New York Mellon Corp now owns 2,830,744 shares of the real estate investment trust’s stock valued at $260,599,000 after buying an additional 465,697 shares during the last quarter. Cohen & Steers Inc. purchased a new position in shares of Camden Property Trust in the 3rd quarter valued at $193,833,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Camden Property Trust by 3.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,254,640 shares of the real estate investment trust’s stock valued at $114,737,000 after buying an additional 45,846 shares during the last quarter. Institutional investors and hedge funds own 93.03% of the company’s stock.

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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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