Mizuho Has Lowered Expectations for Camden Property Trust (NYSE:CPT) Stock Price

Camden Property Trust (NYSE:CPT) had its price objective reduced by Mizuho from $129.00 to $125.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Mizuho’s price objective would indicate a potential upside of 6.77% from the company’s previous close.

Other research analysts have also issued reports about the company. StockNews.com lowered Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Royal Bank of Canada reduced their price target on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating on the stock in a research report on Monday, November 4th. Jefferies Financial Group initiated coverage on shares of Camden Property Trust in a report on Friday, October 11th. They issued a “hold” rating and a $123.00 price objective for the company. Finally, BNP Paribas began coverage on shares of Camden Property Trust in a research report on Wednesday, September 11th. They issued a “neutral” rating and a $129.00 price target for the company. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $126.75.

Camden Property Trust Stock Performance

Shares of CPT stock opened at $117.07 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. The firm has a market cap of $12.49 billion, a P/E ratio of 37.05, a P/E/G ratio of 4.40 and a beta of 0.92. The firm’s 50 day moving average price is $119.47 and its 200-day moving average price is $118.42. Camden Property Trust has a one year low of $90.50 and a one year high of $127.69.

Institutional Trading of Camden Property Trust

Several hedge funds have recently modified their holdings of the business. Federated Hermes Inc. purchased a new position in Camden Property Trust in the second quarter worth $33,000. Neo Ivy Capital Management acquired a new position in Camden Property Trust during the third quarter worth about $38,000. American Capital Advisory LLC boosted its stake in shares of Camden Property Trust by 42.7% during the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 128 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in shares of Camden Property Trust during the 3rd quarter worth approximately $62,000. Finally, Versant Capital Management Inc increased its stake in Camden Property Trust by 77.7% in the 4th quarter. Versant Capital Management Inc now owns 716 shares of the real estate investment trust’s stock valued at $83,000 after purchasing an additional 313 shares in the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

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 58,250 apartment homes across the United States.