Camden Property Trust’s (CPT) “Buy” Rating Reaffirmed at Royal Bank of Canada

Camden Property Trust (NYSE:CPT)‘s stock had its “buy” rating reaffirmed by stock analysts at Royal Bank of Canada in a report released on Monday. They presently have a $92.00 price objective on the real estate investment trust’s stock. Royal Bank of Canada’s price objective would suggest a potential upside of 13.31% from the stock’s current price.

Several other equities analysts have also recently commented on CPT. Sandler O’Neill set a $97.00 price target on Camden Property Trust and gave the company a “buy” rating in a report on Tuesday, February 6th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $94.00 price target on shares of Camden Property Trust in a report on Monday, February 5th. BMO Capital Markets set a $94.00 price target on Camden Property Trust and gave the company a “buy” rating in a report on Monday. Mizuho set a $81.00 price target on Camden Property Trust and gave the company a “hold” rating in a report on Friday. Finally, Zacks Investment Research cut Camden Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $91.27.

Camden Property Trust (NYSE CPT) traded up $0.44 during trading on Monday, reaching $81.19. The company’s stock had a trading volume of 889,502 shares, compared to its average volume of 594,446. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.94 and a current ratio of 2.24. The firm has a market cap of $7,880.00, a PE ratio of 38.12, a price-to-earnings-growth ratio of 3.13 and a beta of 0.34. Camden Property Trust has a 12-month low of $78.38 and a 12-month high of $96.39.

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

In related news, Director Kelvin R. Westbrook sold 425 shares of the stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $88.42, for a total transaction of $37,578.50. Following the sale, the director now directly owns 20,477 shares in the company, valued at approximately $1,810,576.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP William W. Sengelmann sold 4,478 shares of the stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $88.42, for a total value of $395,944.76. Following the sale, the executive vice president now owns 66,567 shares in the company, valued at $5,885,854.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 126,297 shares of company stock valued at $11,635,108. 4.70% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPT. Janus Henderson Group PLC grew its position in Camden Property Trust by 631.5% during the 2nd quarter. Janus Henderson Group PLC now owns 46,090 shares of the real estate investment trust’s stock worth $3,941,000 after acquiring an additional 39,789 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Camden Property Trust during the 2nd quarter worth approximately $516,000. The Manufacturers Life Insurance Company grew its position in Camden Property Trust by 1.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 129,415 shares of the real estate investment trust’s stock worth $11,066,000 after acquiring an additional 2,373 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Camden Property Trust by 28.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 4,700 shares of the real estate investment trust’s stock worth $402,000 after acquiring an additional 1,045 shares during the last quarter. Finally, Koch Industries Inc. bought a new stake in Camden Property Trust during the 2nd quarter worth approximately $236,000. Institutional investors and hedge funds own 93.03% of the company’s stock.

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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.

Analyst Recommendations for Camden Property Trust (NYSE:CPT)

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