Camden Property Trust (NYSE:CPT) Price Target Raised to $129.00 at Truist Financial

Camden Property Trust (NYSE:CPT) had its price target increased by research analysts at Truist Financial from $122.00 to $129.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price objective points to a potential upside of 7.07% from the company’s current price.

CPT has been the subject of a number of other research reports. Scotiabank upped their price target on Camden Property Trust from $130.00 to $135.00 and gave the company a “sector perform” rating in a research report on Friday, February 14th. Jefferies Financial Group raised Camden Property Trust from a “hold” rating to a “buy” rating and increased their target price for the stock from $117.00 to $139.00 in a research report on Monday. Stifel Nicolaus increased their target price on Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. lowered Camden Property Trust from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $129.00 to $128.00 in a research report on Tuesday, December 17th. Finally, Mizuho decreased their target price on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Camden Property Trust currently has a consensus rating of “Hold” and a consensus price target of $127.19.

Camden Property Trust Trading Down 1.3 %

CPT opened at $120.48 on Monday. The business has a 50 day simple moving average of $116.54 and a two-hundred day simple moving average of $119.56. The firm has a market capitalization of $12.86 billion, a price-to-earnings ratio of 80.32, a PEG ratio of 4.41 and a beta of 0.94. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. Camden Property Trust has a one year low of $94.75 and a one year high of $127.69.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. Analysts predict that Camden Property Trust will post 6.76 EPS for the current year.

Insider Buying and Selling

In related news, CEO Richard J. Campo sold 7,324 shares of Camden Property Trust stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $838,598.00. Following the completion of the sale, the chief executive officer now directly owns 300,135 shares in the company, valued at approximately $34,365,457.50. This trade represents a 2.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Heather J. Brunner sold 264 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $29,055.84. Following the transaction, the director now owns 10,273 shares in the company, valued at $1,130,646.38. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,548 shares of company stock worth $2,912,212 in the last three months. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Camden Property Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UMB Bank n.a. raised its stake in Camden Property Trust by 76.6% during the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 98 shares during the last quarter. National Pension Service purchased a new stake in Camden Property Trust during the 4th quarter valued at $26,000. Quent Capital LLC raised its stake in Camden Property Trust by 87.0% during the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 114 shares during the last quarter. IAG Wealth Partners LLC purchased a new stake in Camden Property Trust during the 4th quarter valued at $29,000. Finally, Bellwether Advisors LLC purchased a new stake in Camden Property Trust during the 4th quarter valued at $31,000. 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 58,250 apartment homes across the United States.