Camden Property Trust (NYSE:CPT) Stock Price Target Raised at UBS Group

Camden Property Trust (NYSE:CPT) had its price target upped by investment analysts at UBS Group from $101.00 to $107.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. UBS Group‘s target price would indicate a potential upside of 7.20% from the company’s current price.

Several other analysts have also weighed in on the company. Wall Street Zen raised Camden Property Trust from a “strong sell” rating to a “sell” rating in a research note on Saturday. Cantor Fitzgerald lowered their target price on Camden Property Trust from $111.00 to $101.00 and set a “neutral” rating for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $114.00 target price on shares of Camden Property Trust in a research note on Monday, July 20th. Royal Bank Of Canada dropped their target price on shares of Camden Property Trust from $111.00 to $101.00 and set a “sector perform” rating for the company in a report on Tuesday, October 13th. Finally, Piper Sandler reduced their price target on shares of Camden Property Trust from $119.00 to $102.00 and set a “neutral” rating on the stock in a research note on Monday, October 12th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $111.35.

Camden Property Trust Price Performance

Shares of CPT stock traded down $0.47 during trading hours on Tuesday, reaching $99.81. The company’s stock had a trading volume of 678,212 shares, compared to its average volume of 1,121,278. The firm’s 50 day simple moving average is $100.42 and its 200-day simple moving average is $105.79. The company has a market capitalization of $10.04 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 7.77 and a beta of 0.75. Camden Property Trust has a fifty-two week low of $95.30 and a fifty-two week high of $119.81. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.25.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, November 5th. The real estate investment trust reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.02. Camden Property Trust had a return on equity of 7.66% and a net margin of 20.80%. The company had revenue of $381.06 million for the quarter, compared to analyst estimates of $384.88 million. During the same quarter last year, the company posted $1.70 EPS. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. Sell-side analysts forecast that Camden Property Trust will post 6.75 earnings per share for the current year.

Institutional Trading of Camden Property Trust

Several hedge funds and other institutional investors have recently made changes to their positions in CPT. Maverick Capital Ltd. grew its holdings in Camden Property Trust by 1.6% during the 1st quarter. Maverick Capital Ltd. now owns 1,867,866 shares of the real estate investment trust’s stock worth $182,416,000 after acquiring an additional 30,076 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Camden Property Trust by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,598,671 shares of the real estate investment trust’s stock valued at $156,128,000 after acquiring an additional 37,456 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Camden Property Trust by 120.5% during the third quarter. Russell Investments Group Ltd. now owns 1,463,966 shares of the real estate investment trust’s stock valued at $141,609,000 after acquiring an additional 800,168 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Camden Property Trust by 100.2% during the first quarter. Jennison Associates LLC now owns 1,206,854 shares of the real estate investment trust’s stock valued at $117,861,000 after acquiring an additional 603,997 shares during the last quarter. Finally, Aew Capital Management Inc. bought a new position in shares of Camden Property Trust during the third quarter valued at $85,702,000. 97.22% of the stock is currently owned by institutional investors.

About Camden Property Trust

Camden Property Trust is a real estate investment trust that owns, develops, acquires and manages apartment communities. Its residential properties serve renters in markets across the United States, with a focus on major metropolitan areas. Founded in 1982 and headquartered in Houston, Texas, Camden has grown into a multifamily housing operator. Its services include leasing apartments and managing the day-to-day operations of its communities.