Camden Property Trust (NYSE:CPT)‘s stock had its “hold” rating reiterated by investment analysts at Robert W. Baird in a note issued to investors on Tuesday, January 9th. They presently have a $93.00 price target on the real estate investment trust’s stock. Robert W. Baird’s target price points to a potential upside of 7.44% from the stock’s current price.
A number of other research firms have also recently commented on CPT. SunTrust Banks reiterated a “hold” rating and issued a $93.00 price objective on shares of Camden Property Trust in a report on Wednesday, October 4th. KeyCorp upped their price objective on Camden Property Trust from $93.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, September 15th. Mizuho reiterated a “hold” rating and issued a $94.00 price objective on shares of Camden Property Trust in a report on Monday, November 6th. UBS Group reiterated a “sell” rating and issued a $86.00 price objective (up from $80.00) on shares of Camden Property Trust in a report on Thursday, September 14th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $97.00 target price on shares of Camden Property Trust in a research report on Monday, November 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. Camden Property Trust currently has an average rating of “Hold” and a consensus price target of $93.33.
Camden Property Trust (NYSE CPT) traded up $1.67 on Tuesday, reaching $86.56. The company had a trading volume of 705,269 shares, compared to its average volume of 462,475. Camden Property Trust has a 12-month low of $78.38 and a 12-month high of $96.39. The firm has a market capitalization of $7,934.85, a PE ratio of 52.78, a PEG ratio of 3.31 and a beta of 0.42. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.64.
In other news, Chairman Richard J. Campo sold 379 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $94.44, for a total transaction of $35,792.76. Following the sale, the chairman now owns 338,519 shares of the company’s stock, valued at $31,969,734.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kelvin R. Westbrook sold 425 shares of the company’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $88.42, for a total value of $37,578.50. Following the sale, the director now directly owns 20,477 shares in the company, valued at approximately $1,810,576.34. The disclosure for this sale can be found here. In the last three months, insiders sold 126,297 shares of company stock worth $11,635,108. 4.70% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. YorkBridge Wealth Partners LLC increased its position in shares of Camden Property Trust by 6.1% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,171 shares of the real estate investment trust’s stock worth $101,000 after acquiring an additional 67 shares during the period. Penserra Capital Management LLC purchased a new stake in shares of Camden Property Trust during the third quarter worth $110,000. Perigon Wealth Management LLC increased its position in shares of Camden Property Trust by 59.3% during the second quarter. Perigon Wealth Management LLC now owns 2,150 shares of the real estate investment trust’s stock worth $185,000 after acquiring an additional 800 shares during the period. Bbva Compass Bancshares Inc. purchased a new stake in shares of Camden Property Trust during the third quarter worth $234,000. Finally, Koch Industries Inc. purchased a new stake in shares of Camden Property Trust during the second quarter worth $236,000. 97.20% of the stock is currently owned by institutional investors and hedge funds.
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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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