Camden Property Trust (NYSE:CPT) had its price target boosted by equities researchers at SunTrust Banks to $108.00 in a research note issued to investors on Thursday, The Fly reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. SunTrust Banks’ target price points to a potential upside of 1.62% from the stock’s previous close.
Several other equities research analysts have also recently issued reports on CPT. KeyCorp lifted their price objective on Camden Property Trust from $98.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Sandler O’Neill cut Camden Property Trust from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Finally, Barclays reiterated a “buy” rating and issued a $108.00 price objective on shares of Camden Property Trust in a report on Tuesday, April 16th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $100.53.
Shares of Camden Property Trust stock traded down $0.04 during trading on Thursday, reaching $106.28. The company’s stock had a trading volume of 372,125 shares, compared to its average volume of 517,158. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.21 and a quick ratio of 0.21. The stock has a market capitalization of $10.18 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 3.17 and a beta of 0.47. Camden Property Trust has a 1-year low of $83.67 and a 1-year high of $106.92.
Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $1.22 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.22. Camden Property Trust had a return on equity of 4.45% and a net margin of 15.98%. The firm had revenue of $248.57 million during the quarter, compared to analysts’ expectations of $246.50 million. During the same quarter last year, the firm earned $1.15 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. On average, equities research analysts anticipate that Camden Property Trust will post 5.06 earnings per share for the current fiscal year.
In other news, Director William F. Paulsen sold 1,979 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $102.19, for a total transaction of $202,234.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Richard J. Campo sold 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $105.32, for a total value of $6,319,200.00. Following the transaction, the chairman now owns 273,948 shares in the company, valued at $28,852,203.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 99,479 shares of company stock worth $10,475,434. 3.40% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of the company. Marshall Wace North America L.P. acquired a new position in Camden Property Trust in the first quarter valued at $255,000. Marshall Wace LLP acquired a new stake in shares of Camden Property Trust in the 1st quarter worth approximately $472,000. Accident Compensation Corp lifted its stake in shares of Camden Property Trust by 4.3% in the 1st quarter. Accident Compensation Corp now owns 4,900 shares of the real estate investment trust’s stock worth $497,000 after acquiring an additional 200 shares during the period. Cleararc Capital Inc. bought a new stake in shares of Camden Property Trust in the 1st quarter worth approximately $252,000. Finally, Redwood Investment Management LLC bought a new stake in shares of Camden Property Trust in the 1st quarter worth approximately $2,736,000. Institutional investors and hedge funds own 93.17% of the company’s stock.
About Camden Property Trust
Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 161 properties containing 55,160 apartment homes across the United States.
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