Piper Sandler Upgrades Camden Property Trust (NYSE:CPT) to “Neutral”

Camden Property Trust (NYSE:CPT) was upgraded by Piper Sandler from an “underweight” rating to a “neutral” rating in a research note issued on Monday, MarketBeat.com reports. The brokerage currently has a $110.00 price target on the real estate investment trust’s stock, up from their prior price target of $90.00. Piper Sandler’s price target points to a potential upside of 3.78% from the company’s current price.

A number of other research analysts also recently issued reports on CPT. Mizuho cut their target price on shares of Camden Property Trust from $103.00 to $99.00 and set a “buy” rating on the stock in a research report on Wednesday, February 28th. Barclays cut shares of Camden Property Trust from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $138.00 to $100.00 in a research note on Tuesday, February 20th. The Goldman Sachs Group began coverage on shares of Camden Property Trust in a report on Thursday, February 22nd. They set a “buy” rating and a $112.00 target price for the company. StockNews.com raised Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Camden Property Trust in a research report on Tuesday, January 30th. They issued a “hold” rating and a $90.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $107.06.

Camden Property Trust Trading Up 0.0 %

Shares of CPT opened at $105.99 on Monday. The stock’s fifty day simple moving average is $98.42 and its 200-day simple moving average is $95.49. The firm has a market capitalization of $11.54 billion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 3.94 and a beta of 0.82. Camden Property Trust has a 12-month low of $82.81 and a 12-month high of $114.04. The company has a quick ratio of 0.88, a current ratio of 0.43 and a debt-to-equity ratio of 0.71.

Institutional Investors Weigh In On Camden Property Trust

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Camden Property Trust by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 17,002,453 shares of the real estate investment trust’s stock worth $1,688,174,000 after acquiring an additional 60,511 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Camden Property Trust by 41.6% in the third quarter. JPMorgan Chase & Co. now owns 4,044,988 shares of the real estate investment trust’s stock worth $382,575,000 after acquiring an additional 1,187,974 shares in the last quarter. Norges Bank bought a new stake in shares of Camden Property Trust in the fourth quarter worth about $376,933,000. Victory Capital Management Inc. increased its holdings in shares of Camden Property Trust by 2.4% in the fourth quarter. Victory Capital Management Inc. now owns 3,686,395 shares of the real estate investment trust’s stock worth $366,022,000 after acquiring an additional 87,337 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Camden Property Trust by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,547,287 shares of the real estate investment trust’s stock worth $153,633,000 after purchasing an additional 16,389 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors.

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.