Camden Property Trust (NYSE:CPT)‘s stock had its “hold” rating reaffirmed by research analysts at Mizuho in a research report issued to clients and investors on Sunday, October 15th. They currently have a $90.00 price objective on the real estate investment trust’s stock. Mizuho’s target price suggests a potential downside of 0.60% from the stock’s current price.
A number of other research analysts have also weighed in on CPT. Royal Bank Of Canada raised their price objective on Camden Property Trust from $91.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, August 7th. Deutsche Bank AG raised their price objective on Camden Property Trust from $84.00 to $85.00 and gave the company a “hold” rating in a research report on Friday, August 18th. SunTrust Banks, Inc. restated a “hold” rating and set a $93.00 price objective on shares of Camden Property Trust in a research report on Wednesday, October 4th. Barclays PLC raised their price objective on Camden Property Trust from $85.00 to $86.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 18th. Finally, Robert W. Baird restated a “neutral” rating and set a $96.00 price objective (up previously from $92.00) on shares of Camden Property Trust in a research report on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. Camden Property Trust currently has a consensus rating of “Hold” and a consensus price target of $92.06.
Camden Property Trust (CPT) opened at 90.54 on Friday. The stock has a 50 day moving average price of $92.96 and a 200 day moving average price of $87.79. The company has a market cap of $7.94 billion, a price-to-earnings ratio of 20.26 and a beta of 0.41. Camden Property Trust has a 12 month low of $75.36 and a 12 month high of $96.39.
Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $1.11 EPS for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.02). The business had revenue of $228.18 million for the quarter, compared to the consensus estimate of $226.41 million. Camden Property Trust had a net margin of 46.10% and a return on equity of 13.17%. Camden Property Trust’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.13 earnings per share. Analysts anticipate that Camden Property Trust will post $1.73 earnings per share for the current fiscal year.
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In other Camden Property Trust news, EVP Alexander J. Jessett sold 11,788 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $89.81, for a total transaction of $1,058,680.28. Following the completion of the transaction, the executive vice president now owns 56,783 shares in the company, valued at $5,099,681.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President D Keith Oden sold 86,540 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $89.43, for a total value of $7,739,272.20. The disclosure for this sale can be found here. Insiders have sold 118,584 shares of company stock valued at $10,618,035 in the last 90 days. Company insiders own 4.70% of the company’s stock.
Several large investors have recently made changes to their positions in CPT. Goldman Sachs Group Inc. boosted its position in shares of Camden Property Trust by 32.1% during the second quarter. Goldman Sachs Group Inc. now owns 1,312,251 shares of the real estate investment trust’s stock valued at $112,211,000 after buying an additional 318,689 shares during the period. BlackRock Inc. boosted its position in shares of Camden Property Trust by 3.1% during the second quarter. BlackRock Inc. now owns 10,451,376 shares of the real estate investment trust’s stock valued at $893,697,000 after buying an additional 310,886 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Camden Property Trust by 51.7% during the second quarter. Russell Investments Group Ltd. now owns 774,012 shares of the real estate investment trust’s stock valued at $66,224,000 after buying an additional 263,839 shares during the period. Koch Industries Inc. purchased a new position in shares of Camden Property Trust during the second quarter valued at approximately $236,000. Finally, Renaissance Technologies LLC boosted its position in shares of Camden Property Trust by 2,840.3% during the first quarter. Renaissance Technologies LLC now owns 226,400 shares of the real estate investment trust’s stock valued at $18,216,000 after buying an additional 218,700 shares during the period. Institutional investors and hedge funds own 90.62% of the company’s stock.
Camden Property Trust Company Profile
Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. As of December 31, 2016, the Company owned interests in, operated, or were developing 159 multifamily properties, which consisted of 55,366 apartment homes across the United States.
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