Deutsche Bank Aktiengesellschaft Boosts Camden Property Trust (NYSE:CPT) Price Target to $115.00

Camden Property Trust (NYSE:CPT) had its price objective increased by Deutsche Bank Aktiengesellschaft from $90.00 to $115.00 in a research report sent to investors on Tuesday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the real estate investment trust’s stock.

CPT has been the topic of a number of other reports. Wedbush lifted their target price on Camden Property Trust from $118.00 to $131.00 and gave the stock an outperform rating in a report on Monday, August 5th. Morgan Stanley boosted their price objective 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. Wells Fargo & Company upgraded shares of Camden Property Trust from an underweight rating to an equal weight rating and raised their target price for the stock from $104.00 to $127.00 in a report on Monday, August 26th. JPMorgan Chase & Co. boosted their price target on shares of Camden Property Trust from $104.00 to $112.00 and gave the company a neutral rating in a report on Monday, June 17th. Finally, Evercore ISI raised their price objective on shares of Camden Property Trust from $115.00 to $116.00 and gave the stock an in-line rating in a research note on Monday. Fourteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Hold and an average price target of $120.25.

Camden Property Trust Price Performance

Shares of NYSE CPT opened at $123.11 on Tuesday. Camden Property Trust has a twelve month low of $82.81 and a twelve month high of $127.23. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average of $117.02 and a two-hundred day moving average of $107.21. The company has a market capitalization of $13.12 billion, a price-to-earnings ratio of 30.17, a PEG ratio of 4.59 and a beta of 0.90.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.27). The business had revenue of $387.15 million for the quarter, compared to analyst estimates of $384.76 million. Camden Property Trust had a net margin of 25.64% and a return on equity of 7.98%. During the same period in the prior year, the company earned $1.70 earnings per share. As a group, analysts expect that Camden Property Trust will post 6.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camden Property Trust

Several institutional investors have recently made changes to their positions in CPT. Security National Bank lifted its position in Camden Property Trust by 1.2% during the 2nd quarter. Security National Bank now owns 8,267 shares of the real estate investment trust’s stock worth $902,000 after acquiring an additional 101 shares during the last quarter. William Blair Investment Management LLC increased its stake in shares of Camden Property Trust by 3.8% in the first quarter. William Blair Investment Management LLC now owns 3,002 shares of the real estate investment trust’s stock worth $295,000 after purchasing an additional 109 shares during the period. ERn Financial LLC lifted its position in shares of 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 purchasing an additional 118 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position 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 worth $63,000 after purchasing an additional 119 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its stake in Camden Property Trust by 90.4% during the 1st 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. 97.22% of the stock is currently owned by institutional investors and hedge funds.

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 58,250 apartment homes across the United States.