Royal Bank of Canada Boosts Camden Property Trust (NYSE:CPT) Price Target to $110.00

Camden Property Trust (NYSE:CPT) had its price target raised by Royal Bank of Canada from $107.00 to $110.00 in a research report released on Monday, Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

CPT has been the topic of several other reports. StockNews.com upgraded Camden Property Trust from a sell rating to a hold rating in a report on Tuesday, April 30th. Wedbush upped their price target on Camden Property Trust from $110.00 to $118.00 and gave the stock an outperform rating in a research note on Monday. 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 report on Monday, February 26th. Mizuho boosted their target price on shares of Camden Property Trust from $99.00 to $111.00 and gave the company a buy rating in a report on Monday. Finally, Piper Sandler upgraded shares of Camden Property Trust from an underweight rating to a neutral rating and increased their price target for the stock 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $107.06.

Camden Property Trust Price Performance

Shares of Camden Property Trust stock opened at $104.18 on Monday. The business’s 50-day moving average price is $98.62 and its 200-day moving average price is $95.55. The firm has a market capitalization of $11.34 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 3.94 and a beta of 0.82. Camden Property Trust has a 12 month low of $82.81 and a 12 month high of $114.04. The company has a current ratio of 0.43, a quick ratio of 0.88 and a debt-to-equity ratio of 0.71.

Hedge Funds Weigh In On Camden Property Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in CPT. Vanguard Group Inc. increased its position in Camden Property Trust by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 17,002,453 shares of the real estate investment trust’s stock worth $1,688,174,000 after purchasing an additional 60,511 shares during the period. JPMorgan Chase & Co. grew its holdings in Camden Property Trust by 41.6% during the third quarter. JPMorgan Chase & Co. now owns 4,044,988 shares of the real estate investment trust’s stock worth $382,575,000 after acquiring an additional 1,187,974 shares during the period. Norges Bank acquired a new position in Camden Property Trust during the fourth quarter worth $376,933,000. Victory Capital Management Inc. raised its position in Camden Property Trust by 2.4% in the fourth quarter. Victory Capital Management Inc. now owns 3,686,395 shares of the real estate investment trust’s stock worth $366,022,000 after acquiring an additional 87,337 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Camden Property Trust by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,547,287 shares of the real estate investment trust’s stock valued at $153,633,000 after acquiring an additional 16,389 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

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.