Camden Property Trust (NYSE:CPT) Stock Price Expected to Rise, Barclays Analyst Says

Camden Property Trust (NYSE:CPT) had its target price upped by Barclays from $126.00 to $130.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Barclays‘s price target would indicate a potential upside of 7.57% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Royal Bank of Canada upped their price target on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. cut shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and cut their price target for the company from $129.00 to $128.00 in a research report on Tuesday, December 17th. Evercore ISI upped their price target on shares of Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. Scotiabank upped their price target on shares of 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. Finally, StockNews.com raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $126.53.

Camden Property Trust Stock Performance

Shares of Camden Property Trust stock opened at $120.86 on Wednesday. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. Camden Property Trust has a twelve month low of $92.26 and a twelve month high of $127.69. The stock has a market cap of $12.89 billion, a price-to-earnings ratio of 80.57, a P/E/G ratio of 4.36 and a beta of 0.94. The company’s fifty day moving average is $115.03 and its 200 day moving average is $119.27.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. Sell-side analysts forecast 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 the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $838,598.00. Following the sale, the chief executive officer now owns 300,135 shares in the company, valued at $34,365,457.50. This represents a 2.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Alexander J. Jessett sold 1,862 shares of the company’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $204,931.72. Following the completion of the sale, the chief financial officer now owns 122,384 shares in the company, valued at $13,469,583.04. This represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,413 shares of company stock worth $2,895,718 in the last quarter. 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 CPT. UMB Bank n.a. increased its stake in Camden Property Trust by 76.6% in 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 in the 4th quarter valued at about $26,000. Quent Capital LLC increased its stake in Camden Property Trust by 87.0% in 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 in the 4th quarter valued at about $29,000. Finally, Bellwether Advisors LLC purchased a new stake in Camden Property Trust in the 4th quarter valued at about $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.