Camden Property Trust (NYSE:CPT)‘s stock had its “buy” rating reissued by Royal Bank of Canada in a research note issued on Monday. They presently have a $92.00 price objective on the real estate investment trust’s stock. Royal Bank of Canada’s price objective points to a potential upside of 13.31% from the company’s previous close.
A number of other brokerages have also issued reports on CPT. Mizuho reiterated a “hold” rating and issued a $90.00 price objective on shares of Camden Property Trust in a report on Sunday, October 15th. BMO Capital Markets reiterated a “buy” rating and issued a $97.00 price objective on shares of Camden Property Trust in a report on Monday, November 27th. JPMorgan Chase & Co. upgraded shares of Camden Property Trust from a “neutral” rating to an “overweight” rating and set a $100.00 price objective for the company in a report on Friday, December 15th. Robert W. Baird reiterated a “hold” rating and issued a $93.00 price objective on shares of Camden Property Trust in a report on Tuesday, January 9th. Finally, Zacks Investment Research lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $91.27.
Camden Property Trust (NYSE CPT) traded up $0.44 during mid-day trading on Monday, hitting $81.19. 889,502 shares of the stock were exchanged, compared to its average volume of 608,307. The company has a market capitalization of $7,840.42, a PE ratio of 38.66, a P/E/G ratio of 3.13 and a beta of 0.34. Camden Property Trust has a 52-week low of $78.38 and a 52-week high of $96.39. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.24 and a quick ratio of 1.94.
Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, February 1st. The real estate investment trust reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.27). The business had revenue of $229.80 million during the quarter, compared to the consensus estimate of $228.99 million. Camden Property Trust had a net margin of 21.80% and a return on equity of 6.01%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.15 EPS. sell-side analysts forecast that Camden Property Trust will post 4.76 EPS for the current fiscal year.
In other news, President D Keith Oden sold 55,682 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $92.27, for a total transaction of $5,137,778.14. Following the completion of the sale, the president now owns 364,771 shares of the company’s stock, valued at approximately $33,657,420.17. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP William W. Sengelmann sold 4,478 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $88.42, for a total transaction of $395,944.76. Following the sale, the executive vice president now directly owns 66,567 shares of the company’s stock, valued at approximately $5,885,854.14. The disclosure for this sale can be found here. Insiders have sold a total of 126,297 shares of company stock valued at $11,635,108 in the last three months. Insiders own 4.70% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Penserra Capital Management LLC acquired a new stake in shares of Camden Property Trust during the 3rd quarter worth approximately $110,000. Victory Capital Management Inc. grew its position in shares of Camden Property Trust by 285.0% during the 4th quarter. Victory Capital Management Inc. now owns 1,386 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 1,026 shares during the period. Perigon Wealth Management LLC grew its position in shares of Camden Property Trust by 59.3% during the 2nd quarter. Perigon Wealth Management LLC now owns 2,150 shares of the real estate investment trust’s stock worth $185,000 after buying an additional 800 shares during the period. FDx Advisors Inc. acquired a new stake in shares of Camden Property Trust during the 4th quarter worth approximately $202,000. Finally, Global X Management Co. LLC grew its position in shares of Camden Property Trust by 45.3% during the 4th quarter. Global X Management Co. LLC now owns 2,309 shares of the real estate investment trust’s stock worth $213,000 after buying an additional 720 shares during the period. 93.03% of the stock is owned by institutional investors.
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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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