Analysts Set Camden Property Trust (NYSE:CPT) Target Price at $104.29

Shares of Camden Property Trust (NYSE:CPT) have been assigned an average rating of “Hold” from the seventeen analysts that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $104.29.

A number of analysts have recently commented on the company. Wedbush reissued an “outperform” rating and set a $110.00 price target on shares of Camden Property Trust in a research note on Monday, April 29th. StockNews.com raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th. Truist Financial raised their price target on shares of Camden Property Trust from $113.00 to $114.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Barclays downgraded Camden Property Trust from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $138.00 to $100.00 in a report on Tuesday, February 20th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $103.00 target price on shares of Camden Property Trust in a report on Monday, February 5th.

Hedge Funds Weigh In On Camden Property Trust

A number of large investors have recently made changes to their positions in CPT. Mediolanum International Funds Ltd bought a new position in shares of Camden Property Trust in the first quarter worth approximately $3,360,000. Coronation Fund Managers Ltd. raised its position in shares of Camden Property Trust by 372.7% during the 1st quarter. Coronation Fund Managers Ltd. now owns 60,918 shares of the real estate investment trust’s stock valued at $5,994,000 after buying an additional 48,031 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of Camden Property Trust by 1.6% during the 1st quarter. Mutual of America Capital Management LLC now owns 29,150 shares of the real estate investment trust’s stock worth $2,868,000 after acquiring an additional 464 shares during the last quarter. FORA Capital LLC grew its position in Camden Property Trust by 33.0% in the first quarter. FORA Capital LLC now owns 29,110 shares of the real estate investment trust’s stock worth $2,864,000 after acquiring an additional 7,228 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in Camden Property Trust by 1.1% in the first quarter. Nordea Investment Management AB now owns 61,701 shares of the real estate investment trust’s stock valued at $6,057,000 after acquiring an additional 644 shares during the last quarter. 97.22% of the stock is owned by institutional investors.

Camden Property Trust Stock Performance

NYSE CPT opened at $105.08 on Friday. Camden Property Trust has a 12-month low of $82.81 and a 12-month high of $114.04. The firm has a 50-day moving average price of $97.89 and a two-hundred day moving average price of $95.31. The company has a market capitalization of $11.44 billion, a P/E ratio of 25.75, a P/E/G ratio of 3.94 and a beta of 0.82. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.74.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.31. Camden Property Trust had a return on equity of 8.92% and a net margin of 28.78%. The firm had revenue of $387.59 million for the quarter, compared to analyst estimates of $387.33 million. During the same quarter last year, the company earned $1.74 EPS. The company’s revenue was up 3.1% on a year-over-year basis. Analysts anticipate that Camden Property Trust will post 6.72 earnings per share for the current year.

Camden Property Trust Company Profile

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.