Camden Property Trust (NYSE:CPT) PT Raised to $111.00 at Mizuho

Camden Property Trust (NYSE:CPT) had its price objective upped by equities research analysts at Mizuho from $99.00 to $111.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Mizuho’s price target suggests a potential upside of 4.73% from the stock’s previous close.

Several other research firms have also weighed in on CPT. Morgan Stanley raised their price objective on Camden Property Trust from $95.00 to $98.00 and gave the company an “equal weight” rating in a research note on Monday, February 26th. Deutsche Bank Aktiengesellschaft initiated coverage on Camden Property Trust in a research note on Tuesday, January 30th. They set a “hold” rating and a $90.00 price target on the stock. 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. Barclays lowered Camden Property Trust from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $138.00 to $100.00 in a research note on Tuesday, February 20th. Finally, Piper Sandler raised Camden Property Trust from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $90.00 to $110.00 in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Camden Property Trust has a consensus rating of “Hold” and a consensus price target of $107.06.

Camden Property Trust Stock Performance

NYSE:CPT opened at $105.99 on Monday. The stock’s 50-day simple moving average is $98.42 and its 200 day simple moving average is $95.49. The firm has a market capitalization of $11.54 billion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 3.94 and a beta of 0.82. The company has a quick ratio of 0.88, a current ratio of 0.43 and a debt-to-equity ratio of 0.71. Camden Property Trust has a twelve month low of $82.81 and a twelve month high of $114.04.

Institutional Investors Weigh In On Camden Property Trust

Hedge funds have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC increased its holdings in shares of Camden Property Trust by 18.8% during the third quarter. Commonwealth Equity Services LLC now owns 2,311 shares of the real estate investment trust’s stock valued at $219,000 after acquiring an additional 366 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Camden Property Trust by 5.5% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 7,952 shares of the real estate investment trust’s stock valued at $752,000 after acquiring an additional 418 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Camden Property Trust by 3,054.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 28,232 shares of the real estate investment trust’s stock valued at $2,670,000 after acquiring an additional 27,337 shares in the last quarter. Raymond James & Associates increased its holdings in shares of Camden Property Trust by 9.0% during the third quarter. Raymond James & Associates now owns 87,545 shares of the real estate investment trust’s stock valued at $8,280,000 after acquiring an additional 7,199 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of Camden Property Trust by 32.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 2,646 shares of the real estate investment trust’s stock valued at $250,000 after acquiring an additional 654 shares in the last quarter. 97.22% of the stock is currently owned by 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 58,634 apartment homes across the United States.