Camden Property Trust (NYSE:CPT) Receives $108.36 Average Target Price from Brokerages

Shares of Camden Property Trust (NYSE:CPTGet Free Report) have earned an average recommendation of “Hold” from the seventeen ratings firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $108.19.

Several equities analysts have recently commented on CPT shares. Scotiabank boosted their price target on shares of Camden Property Trust from $104.00 to $108.00 and gave the company a “sector perform” rating in a report on Tuesday, May 14th. StockNews.com raised Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Royal Bank of Canada lifted their price target on Camden Property Trust from $107.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Wedbush upped their price objective on shares of Camden Property Trust from $110.00 to $118.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. Finally, The Goldman Sachs Group started coverage on Camden Property Trust in a report on Thursday, February 22nd. They set a “buy” rating and a $112.00 price target on the stock.

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Camden Property Trust Stock Performance

Shares of CPT stock opened at $101.01 on Tuesday. The company has a market capitalization of $10.76 billion, a price-to-earnings ratio of 24.56, a P/E/G ratio of 3.98 and a beta of 0.82. Camden Property Trust has a 1-year low of $82.81 and a 1-year high of $114.04. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.71. The stock’s fifty day simple moving average is $100.80 and its 200-day simple moving average is $97.34.

Institutional Trading of Camden Property Trust

Several institutional investors have recently bought and sold shares of the stock. William Blair Investment Management LLC boosted its stake in shares of Camden Property Trust by 3.8% in the 1st quarter. William Blair Investment Management LLC now owns 3,002 shares of the real estate investment trust’s stock valued at $295,000 after purchasing an additional 109 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in Camden Property Trust by 0.7% in the first quarter. IFM Investors Pty Ltd now owns 17,866 shares of the real estate investment trust’s stock worth $1,758,000 after purchasing an additional 118 shares in the last quarter. ERn Financial LLC grew its holdings in Camden Property Trust by 2.0% during the 1st quarter. ERn Financial LLC now owns 6,136 shares of the real estate investment trust’s stock worth $604,000 after acquiring an additional 118 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Camden Property Trust by 23.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 119 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its position in Camden Property Trust by 90.4% in the 1st quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 132 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

About Camden Property Trust

(Get Free Report

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.

Further Reading

Analyst Recommendations for Camden Property Trust (NYSE:CPT)

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