Camden Property Trust (NYSE:CPT) Stock Rating Reaffirmed by Wedbush

Wedbush reissued their outperform rating on shares of Camden Property Trust (NYSE:CPT) in a research report sent to investors on Monday morning, Benzinga reports. They currently have a $110.00 price target on the real estate investment trust’s stock.

Other research analysts have also recently issued research reports about the company. Morgan Stanley lifted their target price on Camden Property Trust from $95.00 to $98.00 and gave the company an equal weight rating in a research report on Monday, February 26th. Royal Bank of Canada reiterated an outperform rating and set a $103.00 price objective on shares of Camden Property Trust in a research report on Monday, February 5th. Piper Sandler restated an underweight rating and issued a $90.00 target price on shares of Camden Property Trust in a research report on Tuesday, March 26th. Barclays downgraded shares of Camden Property Trust from an overweight rating to an equal weight rating and lowered their price target for the stock from $138.00 to $100.00 in a report on Tuesday, February 20th. Finally, The Goldman Sachs Group initiated coverage on Camden Property Trust in a research report on Thursday, February 22nd. They set a buy rating and a $112.00 price objective on the stock. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $104.29.

Camden Property Trust Stock Performance

NYSE CPT opened at $98.55 on Monday. Camden Property Trust has a 1 year low of $82.81 and a 1 year high of $114.04. The firm has a market capitalization of $10.73 billion, a price-to-earnings ratio of 26.64, a P/E/G ratio of 3.76 and a beta of 0.83. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.74. The firm’s 50 day simple moving average is $97.57 and its 200 day simple moving average is $95.23.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.31. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. The company had revenue of $387.59 million for the quarter, compared to analyst estimates of $387.33 million. During the same quarter last year, the company posted $1.74 EPS. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, research analysts expect that Camden Property Trust will post 6.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CPT. Lindbrook Capital LLC raised its stake in Camden Property Trust by 90.4% during the first quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 132 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Camden Property Trust by 60.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 381 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 144 shares in the last quarter. Tobam lifted its stake in shares of Camden Property Trust by 4,166.7% in the 4th quarter. Tobam now owns 384 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 375 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Camden Property Trust by 23.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 119 shares in the last quarter. Finally, Quarry LP grew its stake in Camden Property Trust by 1,081.5% during the fourth quarter. Quarry LP now owns 638 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 584 shares during the period. Institutional investors and hedge funds 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 58,634 apartment homes across the United States.