Brokerages Set Camden Property Trust (NYSE:CPT) Price Target at $104.29

Shares of Camden Property Trust (NYSE:CPT) have earned a consensus recommendation of “Hold” from the seventeen ratings firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $107.06.

Several research firms have recently commented on CPT. Royal Bank of Canada upped their price target on Camden Property Trust from $107.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday. Morgan Stanley raised their target price on shares of Camden Property Trust from $95.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Monday, February 26th. Piper Sandler upgraded shares of Camden Property Trust from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $90.00 to $110.00 in a research note on Monday. Truist Financial raised their price objective on shares of Camden Property Trust from $113.00 to $114.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Finally, Barclays cut Camden Property Trust from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $138.00 to $100.00 in a research report on Tuesday, February 20th.

Camden Property Trust Trading Up 0.0 %

Shares of Camden Property Trust stock opened at $105.99 on Friday. Camden Property Trust has a 1 year low of $82.81 and a 1 year high of $114.04. The company’s fifty day moving average is $98.42 and its two-hundred day moving average is $95.49. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.88 and a current ratio of 0.43. The company has a market capitalization of $11.54 billion, a P/E ratio of 25.98, a PEG ratio of 3.94 and a beta of 0.82.

Institutional Investors Weigh In On Camden Property Trust

A number of large investors have recently added to or reduced their stakes in CPT. DekaBank Deutsche Girozentrale grew its holdings in Camden Property Trust by 0.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 97,859 shares of the real estate investment trust’s stock valued at $9,272,000 after buying an additional 317 shares during the period. MBB Public Markets I LLC boosted its stake in Camden Property Trust by 201.2% during the 3rd quarter. MBB Public Markets I LLC now owns 235,013 shares of the real estate investment trust’s stock valued at $22,228,000 after acquiring an additional 156,985 shares during the last quarter. Twin Capital Management Inc. acquired a new stake in Camden Property Trust during the fourth quarter valued at approximately $811,000. Cerity Partners LLC bought a new position in Camden Property Trust during the fourth quarter worth $6,966,000. Finally, Bank of Nova Scotia grew its position in shares of Camden Property Trust by 13.8% during the 3rd quarter. Bank of Nova Scotia now owns 10,519 shares of the real estate investment trust’s stock valued at $995,000 after buying an additional 1,277 shares during the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

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 58,634 apartment homes across the United States.