Camden Property Trust (NYSE:CPT) Receives Average Recommendation of “Hold” from Analysts

Camden Property Trust (NYSE:CPT) has been assigned a consensus recommendation of “Hold” from the eighteen brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $129.78.

CPT has been the subject of several recent analyst reports. Jefferies Financial Group raised Camden Property Trust from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $117.00 to $139.00 in a report on Monday, March 10th. Scotiabank boosted their target price on Camden Property Trust from $135.00 to $144.00 and gave the stock a “sector perform” rating in a research report on Monday, May 12th. Wall Street Zen downgraded Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th. Citigroup upgraded Camden Property Trust from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $125.00 to $138.00 in a research report on Friday, March 28th. Finally, Truist Financial set a $131.00 target price on Camden Property Trust and gave the stock a “buy” rating in a research report on Monday, May 19th.

Insider Buying and Selling

In other news, CEO Richard J. Campo sold 5,572 shares of the company’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $119.50, for a total value of $665,854.00. Following the sale, the chief executive officer now directly owns 289,720 shares of the company’s stock, valued at $34,621,540. This represents a 1.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven A. Webster sold 1,200 shares of the company’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $118.76, for a total transaction of $142,512.00. Following the completion of the sale, the director now directly owns 117,374 shares in the company, valued at $13,939,336.24. This represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Camden Property Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. National Pension Service bought a new position in shares of Camden Property Trust in the 4th quarter worth approximately $26,000. Quent Capital LLC grew its holdings in shares of Camden Property Trust by 87.0% in the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 114 shares in the last quarter. IAG Wealth Partners LLC purchased a new position in shares of Camden Property Trust in the fourth quarter valued at $29,000. Bellwether Advisors LLC bought a new stake in Camden Property Trust in the fourth quarter worth $31,000. Finally, Cape Investment Advisory Inc. bought a new stake in Camden Property Trust in the first quarter worth $37,000. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Down 0.7%

CPT stock opened at $117.31 on Friday. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $12.53 billion, a PE ratio of 78.20, a PEG ratio of 4.41 and a beta of 0.78. Camden Property Trust has a twelve month low of $102.35 and a twelve month high of $127.69. The stock has a 50-day simple moving average of $114.80 and a two-hundred day simple moving average of $117.01.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. The business had revenue of $390.57 million during the quarter, compared to analyst estimates of $388.47 million. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.70 EPS. On average, equities analysts predict that Camden Property Trust will post 6.76 EPS for the current fiscal year.

About Camden Property Trust

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 58,250 apartment homes across the United States.