Camden Property Trust (NYSE:CPT) Coverage Initiated at Barclays

Equities researchers at Barclays started coverage on shares of Camden Property Trust (NYSE:CPT) in a research note issued to investors on Tuesday, Marketbeat.com reports. The firm set an “overweight” rating and a $138.00 price target on the real estate investment trust’s stock. Barclays‘s price objective indicates a potential upside of 14.67% from the company’s previous close.

CPT has been the topic of several other research reports. Evercore ISI raised their target price on Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Stifel Nicolaus lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating and upped their target price for the stock from $120.00 to $121.00 in a report on Wednesday, November 13th. BNP Paribas began coverage on shares of Camden Property Trust in a research note on Wednesday, September 11th. They issued a “neutral” rating and a $129.00 price target on the stock. Piper Sandler boosted their price target on shares of Camden Property Trust from $110.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Finally, The Goldman Sachs Group assumed coverage on shares of Camden Property Trust in a report on Wednesday, September 4th. They issued a “neutral” rating and a $139.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $125.81.

Camden Property Trust Stock Up 0.1 %

CPT opened at $120.35 on Tuesday. The company has a market cap of $12.84 billion, a PE ratio of 38.09, a price-to-earnings-growth ratio of 4.40 and a beta of 0.92. Camden Property Trust has a twelve month low of $90.50 and a twelve month high of $127.69. The company has a 50-day moving average price of $120.62 and a 200 day moving average price of $117.64. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72.

Hedge Funds Weigh In On Camden Property Trust

Several large investors have recently made changes to their positions in CPT. Kings Path Partners LLC purchased a new stake in Camden Property Trust in the second quarter valued at approximately $33,000. Federated Hermes Inc. acquired a new position in Camden Property Trust during the 2nd quarter worth about $33,000. Neo Ivy Capital Management purchased a new position in Camden Property Trust during the 3rd quarter valued at about $38,000. Family Firm Inc. acquired a new position in Camden Property Trust in the 2nd quarter valued at about $39,000. Finally, American Capital Advisory LLC increased its stake in Camden Property Trust by 42.7% during the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 128 shares during the period. 97.22% of the stock is currently 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 58,250 apartment homes across the United States.