Camden Property Trust (NYSE:CPT) Upgraded at StockNews.com

Camden Property Trust (NYSE:CPT) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

A number of other equities research analysts have also recently weighed in on the company. Wedbush reaffirmed an “outperform” rating and issued a $110.00 price objective on shares of Camden Property Trust in a research note on Monday. Truist Financial lifted their target price on Camden Property Trust from $113.00 to $114.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Morgan Stanley lifted their target price on Camden Property Trust from $95.00 to $98.00 and gave the company an “equal weight” rating in a report on Monday, February 26th. Barclays lowered Camden Property Trust from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $138.00 to $100.00 in a report on Tuesday, February 20th. Finally, The Goldman Sachs Group assumed coverage on Camden Property Trust in a report on Thursday, February 22nd. They issued a “buy” rating and a $112.00 target price for the company. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Camden Property Trust has an average rating of “Hold” and a consensus price target of $104.29.

Camden Property Trust Price Performance

CPT stock opened at $98.55 on Tuesday. The business has a fifty day moving average of $97.57 and a two-hundred day moving average of $95.23. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The stock has a market cap of $10.73 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 3.76 and a beta of 0.83. Camden Property Trust has a 52-week low of $82.81 and a 52-week high of $114.04.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.31. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. The business had revenue of $387.59 million during the quarter, compared to analysts’ expectations of $387.33 million. During the same period in the previous year, the firm posted $1.74 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. As a group, research analysts anticipate that Camden Property Trust will post 6.72 earnings per share for the current year.

Institutional Trading of Camden Property Trust

A number of institutional investors have recently bought and sold shares of CPT. Commonwealth Equity Services LLC lifted its holdings in Camden Property Trust by 18.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 2,311 shares of the real estate investment trust’s stock worth $219,000 after buying an additional 366 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Camden Property Trust by 5.5% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 7,952 shares of the real estate investment trust’s stock valued at $752,000 after purchasing an additional 418 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Camden Property Trust by 3,054.4% in the 3rd 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 purchasing an additional 27,337 shares during the last quarter. Xponance Inc. lifted its holdings in shares of Camden Property Trust by 3.3% in the 3rd quarter. Xponance Inc. now owns 14,782 shares of the real estate investment trust’s stock valued at $1,398,000 after purchasing an additional 472 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in shares of Camden Property Trust by 9.0% in the 3rd quarter. Raymond James & Associates now owns 87,545 shares of the real estate investment trust’s stock valued at $8,280,000 after purchasing an additional 7,199 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 58,634 apartment homes across the United States.