Camden Property Trust (CPT) Receives Average Rating of “Hold” from Brokerages

Camden Property Trust (NYSE:CPT) has been given a consensus rating of “Hold” by the sixteen brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $92.40.

A number of equities research analysts have commented on CPT shares. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $93.00 price target on shares of Camden Property Trust in a research report on Wednesday, October 4th. Mizuho reissued a “hold” rating and issued a $90.00 price objective on shares of Camden Property Trust in a research note on Sunday, October 15th. BMO Capital Markets reissued a “buy” rating and issued a $95.00 price objective on shares of Camden Property Trust in a research note on Friday, September 8th. KeyCorp boosted their price objective on Camden Property Trust from $93.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, September 15th. Finally, Deutsche Bank AG boosted their price objective on Camden Property Trust from $84.00 to $85.00 and gave the company a “hold” rating in a research note on Friday, August 18th.

In related news, Chairman Richard J. Campo sold 379 shares of the company’s stock in a transaction that occurred 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 transaction, the chairman now directly owns 338,519 shares of the company’s stock, valued at approximately $31,969,734.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 4.70% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of CPT. Cohen & Steers Inc. acquired a new position in Camden Property Trust during the 3rd quarter worth approximately $193,833,000. Bank of New York Mellon Corp raised its stake in Camden Property Trust by 93.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,365,047 shares of the real estate investment trust’s stock worth $216,282,000 after buying an additional 1,144,162 shares during the period. JPMorgan Chase & Co. raised its stake in Camden Property Trust by 27.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,636,486 shares of the real estate investment trust’s stock worth $332,848,000 after buying an additional 778,543 shares during the period. American Century Companies Inc. acquired a new position in Camden Property Trust during the 3rd quarter worth approximately $65,671,000. Finally, Barings LLC acquired a new position in Camden Property Trust during the 3rd quarter worth approximately $51,308,000. 96.72% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust (NYSE CPT) traded up $0.69 during midday trading on Friday, hitting $93.90. The company’s stock had a trading volume of 229,917 shares, compared to its average volume of 602,192. Camden Property Trust has a 1 year low of $76.89 and a 1 year high of $96.39. The company has a market cap of $8,702.18, a price-to-earnings ratio of 20.87, a PEG ratio of 3.83 and a beta of 0.42. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.94 and a quick ratio of 1.94.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.03). Camden Property Trust had a net margin of 16.81% and a return on equity of 4.71%. The company had revenue of $228.18 million during the quarter, compared to the consensus estimate of $226.41 million. During the same quarter last year, the firm posted $1.13 EPS. The company’s quarterly revenue was up 3.6% on a year-over-year basis. analysts forecast that Camden Property Trust will post 4.53 earnings per share for the current year.

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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.

Analyst Recommendations for Camden Property Trust (NYSE:CPT)

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