Camden Property Trust (CPT) Given Average Rating of “Buy” by Brokerages

Shares of Camden Property Trust (NYSE:CPT) have received a consensus rating of “Buy” from the twenty analysts that are covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $99.92.

CPT has been the topic of a number of research reports. Mizuho upgraded Camden Property Trust from a “neutral” rating to a “buy” rating and set a $103.00 price target on the stock in a research note on Wednesday, January 23rd. Sandler O’Neill downgraded Camden Property Trust from a “buy” rating to a “hold” rating in a research note on Friday, April 5th. Barclays restated a “buy” rating and issued a $108.00 price target on shares of Camden Property Trust in a research note on Tuesday, April 16th. Citigroup set a $100.00 price target on Camden Property Trust and gave the stock a “hold” rating in a research note on Tuesday, February 5th. Finally, BMO Capital Markets restated a “buy” rating and issued a $95.00 price target on shares of Camden Property Trust in a research note on Thursday, January 31st.

Shares of CPT stock traded up $0.85 on Friday, reaching $100.83. The stock had a trading volume of 439,219 shares, compared to its average volume of 409,467. The company has a market cap of $10.00 billion, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 3.24 and a beta of 0.53. Camden Property Trust has a 1 year low of $82.60 and a 1 year high of $104.16. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.33 and a quick ratio of 0.33.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.22. The firm had revenue of $248.57 million for the quarter, compared to the consensus estimate of $246.50 million. Camden Property Trust had a return on equity of 4.56% and a net margin of 15.98%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the business posted $1.15 EPS. As a group, analysts expect that Camden Property Trust will post 5.05 earnings per share for the current year.

In related news, Director William F. Paulsen sold 2,890 shares of the firm’s stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $97.17, for a total value of $280,821.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.40% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the business. Rehmann Capital Advisory Group grew its position in Camden Property Trust by 71.7% in the fourth quarter. Rehmann Capital Advisory Group now owns 297 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 124 shares in the last quarter. Lavaca Capital LLC bought a new stake in shares of Camden Property Trust during the fourth quarter valued at approximately $27,000. Oregon Public Employees Retirement Fund raised its stake in shares of Camden Property Trust by 8,705.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,206,341 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 3,169,926 shares in the last quarter. First Interstate Bank bought a new stake in shares of Camden Property Trust during the fourth quarter valued at approximately $47,000. Finally, We Are One Seven LLC bought a new position in Camden Property Trust in the fourth quarter worth approximately $62,000. 88.63% of the stock is currently owned by institutional investors and hedge funds.

About Camden Property Trust

Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 161 properties containing 55,160 apartment homes across the United States.

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Analyst Recommendations for Camden Property Trust (NYSE:CPT)

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