Camden Property Trust (NYSE:CPT) Price Target Raised to $115.00

Camden Property Trust (NYSE:CPT) had its price objective hoisted by Deutsche Bank Aktiengesellschaft from $90.00 to $115.00 in a report published on Tuesday, Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

Several other equities analysts have also weighed in on CPT. JPMorgan Chase & Co. increased their price target on shares of Camden Property Trust from $104.00 to $112.00 and gave the company a neutral rating in a research report on Monday, June 17th. Scotiabank raised their price target on shares of Camden Property Trust from $116.00 to $125.00 and gave the stock a sector perform rating in a research note on Monday, August 26th. Evercore ISI lifted their price target on shares of Camden Property Trust from $115.00 to $116.00 and gave the stock an in-line rating in a report on Monday, September 9th. Wedbush increased their price objective on Camden Property Trust from $118.00 to $131.00 and gave the company an outperform rating in a report on Monday, August 5th. Finally, Wells Fargo & Company upgraded Camden Property Trust from an underweight rating to an equal weight rating and boosted their target price for the company from $104.00 to $127.00 in a research note on Monday, August 26th. Fourteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Camden Property Trust presently has an average rating of Hold and a consensus price target of $120.25.

Camden Property Trust Price Performance

Camden Property Trust stock opened at $125.60 on Tuesday. Camden Property Trust has a 52 week low of $82.81 and a 52 week high of $127.23. The company’s 50 day moving average price is $117.33 and its two-hundred day moving average price is $107.32. The stock has a market cap of $13.39 billion, a P/E ratio of 30.78, a P/E/G ratio of 4.60 and a beta of 0.90. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.72.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.27). The business had revenue of $387.15 million for the quarter, compared to the consensus estimate of $384.76 million. Camden Property Trust had a return on equity of 7.98% and a net margin of 25.64%. During the same quarter last year, the business posted $1.70 earnings per share. On average, equities analysts predict that Camden Property Trust will post 6.77 earnings per share for the current year.

Hedge Funds Weigh In On Camden Property Trust

Several hedge funds have recently bought and sold shares of CPT. Sanctuary Advisors LLC bought a new position in Camden Property Trust in the 2nd quarter valued at $1,257,000. Coronation Fund Managers Ltd. boosted its stake in Camden Property Trust by 52.8% during the second quarter. Coronation Fund Managers Ltd. now owns 93,100 shares of the real estate investment trust’s stock valued at $10,158,000 after buying an additional 32,182 shares during the period. Graham Capital Wealth Management LLC purchased a new position in Camden Property Trust during the second quarter worth about $2,541,000. Truist Financial Corp raised its holdings in shares of Camden Property Trust by 3.4% in the 2nd quarter. Truist Financial Corp now owns 18,105 shares of the real estate investment trust’s stock valued at $1,975,000 after acquiring an additional 599 shares in the last quarter. Finally, Waterfall Asset Management LLC bought a new stake in shares of Camden Property Trust during the 2nd quarter valued at about $818,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

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.