Camden Property Trust (NYSE:CPT) Given New $111.00 Price Target at Mizuho

Camden Property Trust (NYSE:CPT) had its price objective hoisted by Mizuho from $99.00 to $111.00 in a research report report published on Monday, Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

Several other analysts have also issued reports on the company. Truist Financial boosted their target price on Camden Property Trust from $113.00 to $114.00 and gave the company a buy rating in a research note on Tuesday, April 9th. Royal Bank of Canada restated an outperform rating and issued a $103.00 price objective on shares of Camden Property Trust in a research report on Monday, February 5th. The Goldman Sachs Group started coverage on Camden Property Trust in a research report on Thursday, February 22nd. They set a buy rating and a $112.00 price target on the stock. StockNews.com upgraded shares of Camden Property Trust from a sell rating to a hold rating in a report on Tuesday, April 30th. Finally, Wedbush restated an outperform rating and set a $110.00 price target on shares of Camden Property Trust in a research report on Monday, April 29th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $107.06.

Camden Property Trust Stock Up 2.6 %

Shares of NYSE:CPT opened at $106.83 on Monday. The firm has a market cap of $11.63 billion, a P/E ratio of 26.18, a PEG ratio of 3.94 and a beta of 0.82. The business’s 50 day simple moving average is $98.87 and its two-hundred day simple moving average is $95.63. Camden Property Trust has a 52-week low of $82.81 and a 52-week high of $114.04. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.88 and a current ratio of 0.43.

Institutional Trading of Camden Property Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPT. Vanguard Group Inc. lifted its holdings in shares of Camden Property Trust by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 17,002,453 shares of the real estate investment trust’s stock valued at $1,688,174,000 after purchasing an additional 60,511 shares during the last quarter. JPMorgan Chase & Co. increased its position in Camden Property Trust by 41.6% during 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 buying an additional 1,187,974 shares during the period. Norges Bank purchased a new stake in Camden Property Trust in the fourth quarter valued at approximately $376,933,000. Victory Capital Management Inc. boosted 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 valued at $366,022,000 after acquiring an additional 87,337 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Camden Property Trust by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,547,287 shares of the real estate investment trust’s stock worth $153,633,000 after acquiring an additional 16,389 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

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.