Evercore ISI Increases Camden Property Trust (NYSE:CPT) Price Target to $115.00

Camden Property Trust (NYSE:CPT) had its target price increased by equities research analysts at Evercore ISI from $110.00 to $115.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price objective indicates a potential downside of 7.94% from the stock’s previous close.

A number of other brokerages have also weighed in on CPT. Scotiabank upped their target price on Camden Property Trust from $116.00 to $125.00 and gave the stock a “sector perform” rating in a research report on Monday. Royal Bank of Canada upped their price target on Camden Property Trust from $114.00 to $122.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Wells Fargo & Company upgraded Camden Property Trust from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $104.00 to $127.00 in a report on Monday. Mizuho decreased their price target on Camden Property Trust from $111.00 to $108.00 and set a “buy” rating for the company in a report on Thursday, May 30th. Finally, Morgan Stanley upped their price target on Camden Property Trust from $98.00 to $105.50 and gave the stock an “equal weight” rating in a report on Tuesday, May 14th. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $116.62.

Camden Property Trust Trading Up 0.8 %

Shares of Camden Property Trust stock traded up $1.00 during midday trading on Wednesday, reaching $124.92. The company had a trading volume of 174,722 shares, compared to its average volume of 962,008. The stock has a fifty day moving average price of $113.79 and a 200 day moving average price of $105.04. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a market cap of $13.31 billion, a PE ratio of 30.62, a P/E/G ratio of 4.50 and a beta of 0.88. Camden Property Trust has a fifty-two week low of $82.81 and a fifty-two week high of $125.35.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.27). Camden Property Trust had a return on equity of 7.95% and a net margin of 25.64%. The company had revenue of $387.15 million during the quarter, compared to analyst estimates of $384.76 million. During the same period in the prior year, the firm earned $1.70 earnings per share. On average, equities analysts anticipate that Camden Property Trust will post 6.73 earnings per share for the current year.

Institutional Trading of Camden Property Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC raised its holdings in shares of 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 acquiring an additional 132 shares in the last quarter. Kings Path Partners LLC bought a new stake in shares of Camden Property Trust in the 2nd quarter worth approximately $33,000. Federated Hermes Inc. purchased a new position in shares of Camden Property Trust in the 2nd quarter valued at approximately $33,000. Family Firm Inc. purchased a new position in shares of Camden Property Trust in the 2nd quarter valued at approximately $39,000. Finally, Versant Capital Management Inc raised its stake in Camden Property Trust by 2,187.5% during the second quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

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.