Camden Property Trust (NYSE:CPT) Price Target Raised to $118.00

Camden Property Trust (NYSE:CPT) had its price objective raised by Wedbush from $110.00 to $118.00 in a report published on Monday morning, Benzinga reports. Wedbush currently has an outperform rating on the real estate investment trust’s stock. Wedbush also issued estimates for Camden Property Trust’s Q3 2024 earnings at $1.69 EPS, Q4 2024 earnings at $1.72 EPS and FY2025 earnings at $6.90 EPS.

A number of other equities research analysts also recently issued reports on the stock. Mizuho increased their price objective on shares of Camden Property Trust from $99.00 to $111.00 and gave the stock a buy rating in a research note on Monday. Royal Bank of Canada reiterated an outperform rating and set a $103.00 price target on shares of Camden Property Trust in a research report on Monday, February 5th. StockNews.com upgraded shares of Camden Property Trust from a sell rating to a hold rating in a research report on Tuesday, April 30th. Truist Financial raised their target price on Camden Property Trust from $113.00 to $114.00 and gave the company a buy rating in a report on Tuesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Camden Property Trust in a research note on Tuesday, January 30th. They issued a hold rating and a $90.00 price target on the stock. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Camden Property Trust currently has a consensus rating of Hold and an average price target of $107.06.

Camden Property Trust Stock Performance

NYSE CPT opened at $104.18 on Monday. Camden Property Trust has a 52-week low of $82.81 and a 52-week high of $114.04. The stock has a market cap of $11.34 billion, a PE ratio of 25.53, a P/E/G ratio of 3.94 and a beta of 0.82. The firm has a 50-day moving average of $98.62 and a 200-day moving average of $95.55. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.88 and a current ratio of 0.43.

Institutional Investors Weigh In On Camden Property Trust

A number of hedge funds have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC grew its holdings in Camden Property Trust by 90.4% during the first quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 132 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of Camden Property Trust by 60.8% during the 3rd quarter. Parkside Financial Bank & Trust now owns 381 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 144 shares in the last quarter. Tobam lifted its position in shares of Camden Property Trust by 4,166.7% during the 4th quarter. Tobam now owns 384 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 375 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Camden Property Trust by 23.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 119 shares during the period. Finally, Quarry LP increased its holdings in Camden Property Trust by 1,081.5% in the 4th quarter. Quarry LP now owns 638 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 584 shares in the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

About Camden Property Trust

Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,634 apartment homes across the United States.