Camden Property Trust (NYSE:CPT) Now Covered by Analysts at BNP Paribas

BNP Paribas started coverage on shares of Camden Property Trust (NYSE:CPT) in a research report released on Wednesday, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $129.00 price target on the real estate investment trust’s stock.

Several other brokerages also recently weighed in on CPT. Mizuho lowered their target price on shares of Camden Property Trust from $111.00 to $108.00 and set a buy rating for the company in a research note on Thursday, May 30th. Bank of America upgraded shares of Camden Property Trust from an underperform rating to a buy rating and upped their price target for the company from $111.00 to $147.00 in a research note on Monday, August 12th. Piper Sandler lifted their price objective on shares of Camden Property Trust from $110.00 to $128.00 and gave the stock a neutral rating in a research note on Monday, August 26th. Royal Bank of Canada lowered Camden Property Trust from an outperform rating to a sector perform rating and set a $122.00 target price for the company. in a research note on Monday, September 9th. Finally, Scotiabank boosted their price target on Camden Property Trust from $116.00 to $125.00 and gave the company a sector perform rating in a research note on Monday, August 26th. Fourteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $120.25.

Camden Property Trust Stock Performance

Shares of Camden Property Trust stock opened at $125.60 on Wednesday. The stock’s fifty day moving average is $117.69 and its two-hundred day moving average is $107.55. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $13.39 billion, a PE ratio of 30.78, a price-to-earnings-growth ratio of 4.60 and a beta of 0.90. Camden Property Trust has a 52 week low of $82.81 and a 52 week high of $127.23.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.27). The firm 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 period in the previous year, the company posted $1.70 EPS. As a group, analysts expect that Camden Property Trust will post 6.77 earnings per share for the current year.

Hedge Funds Weigh In On Camden Property Trust

Hedge funds have recently bought and sold shares of the company. Private Advisor Group LLC purchased a new stake in Camden Property Trust during the fourth quarter worth about $219,000. Principal Securities Inc. purchased a new stake in Camden Property Trust during the 4th quarter worth approximately $196,000. QRG Capital Management Inc. lifted its holdings in Camden Property Trust by 27.4% during the 4th quarter. QRG Capital Management Inc. now owns 3,121 shares of the real estate investment trust’s stock worth $310,000 after buying an additional 671 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Camden Property Trust by 1.1% in the 4th 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 buying an additional 16,389 shares during the period. Finally, Avantax Advisory Services Inc. grew its stake in shares of Camden Property Trust by 9.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 3,424 shares of the real estate investment trust’s stock worth $340,000 after acquiring an additional 301 shares in the last quarter. Institutional investors and hedge funds 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.