Camden Property Trust (NYSE:CPT) Stock Price Expected to Rise, Scotiabank Analyst Says

Camden Property Trust (NYSE:CPT) had its price target raised by research analysts at Scotiabank from $130.00 to $135.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target indicates a potential upside of 13.34% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Evercore ISI upped their price target on shares of Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Mizuho cut their price target on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. Wells Fargo & Company cut their price target on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. StockNews.com upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. cut shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $129.00 to $128.00 in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $126.31.

Camden Property Trust Trading Down 0.0 %

Shares of CPT opened at $119.11 on Friday. Camden Property Trust has a twelve month low of $92.26 and a twelve month high of $127.69. The company has a market cap of $12.71 billion, a P/E ratio of 79.41, a P/E/G ratio of 4.27 and a beta of 0.94. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. The company’s fifty day simple moving average is $115.19 and its 200-day simple moving average is $119.17.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.32%. As a group, analysts expect that Camden Property Trust will post 6.8 EPS for the current year.

Insider Activity at Camden Property Trust

In related news, Director Heather J. Brunner sold 1,853 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $212,168.50. Following the completion of the transaction, the director now directly owns 10,537 shares of the company’s stock, valued at $1,206,486.50. This trade represents a 14.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Richard J. Campo sold 7,324 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $838,598.00. Following the completion of the transaction, the chief executive officer now directly owns 300,135 shares of the company’s stock, valued at $34,365,457.50. The trade was a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,413 shares of company stock valued at $2,895,718 in the last three months. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Camden Property Trust

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Federated Hermes Inc. raised its position in Camden Property Trust by 6.5% during the 4th quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust’s stock worth $170,000 after buying an additional 90 shares during the last quarter. UMB Bank n.a. raised its position in Camden Property Trust by 76.6% during the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 98 shares during the last quarter. First American Bank raised its position in Camden Property Trust by 1.0% during the 4th quarter. First American Bank now owns 10,846 shares of the real estate investment trust’s stock worth $1,259,000 after buying an additional 104 shares during the last quarter. Fisher Asset Management LLC raised its position in Camden Property Trust by 2.5% during the 4th quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust’s stock worth $499,000 after buying an additional 105 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its position in Camden Property Trust by 5.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust’s stock worth $294,000 after buying an additional 113 shares during the last quarter. 97.22% of the stock is 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 58,250 apartment homes across the United States.