Citigroup Reiterates $100.00 Price Target for Camden Property Trust (CPT)

Camden Property Trust (NYSE:CPT) received a $100.00 target price from research analysts at Citigroup in a research report issued on Tuesday, February 5th. The firm presently has a “hold” rating on the real estate investment trust’s stock. Citigroup‘s target price would suggest a potential upside of 2.40% from the stock’s current price.

Several other brokerages have also weighed in on CPT. ValuEngine raised Camden Property Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Janney Montgomery Scott upgraded Camden Property Trust from a “neutral” rating to a “buy” rating and set a $99.00 target price for the company in a research note on Wednesday, December 19th. Mizuho upgraded Camden Property Trust from a “neutral” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Wednesday, January 23rd. Capital One Financial reissued an “equal weight” rating on shares of Camden Property Trust in a report on Sunday, October 21st. Finally, Barclays raised Camden Property Trust from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $87.00 to $106.00 in a report on Monday, February 4th. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Camden Property Trust presently has a consensus rating of “Buy” and an average price target of $98.18.

Shares of NYSE CPT traded down $0.43 during trading on Tuesday, reaching $97.66. The stock had a trading volume of 573,820 shares, compared to its average volume of 672,521. The company has a current ratio of 0.33, a quick ratio of 0.20 and a debt-to-equity ratio of 0.69. Camden Property Trust has a one year low of $78.19 and a one year high of $99.96. The company has a market capitalization of $9.10 billion, a price-to-earnings ratio of 20.47, a price-to-earnings-growth ratio of 3.18 and a beta of 0.57.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Thursday, January 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by ($0.81). The firm had revenue of $244.92 million during the quarter, compared to analyst estimates of $243.35 million. Camden Property Trust had a net margin of 16.36% and a return on equity of 4.56%. As a group, equities analysts predict that Camden Property Trust will post 5.06 earnings per share for the current year.

In related news, Director William F. Paulsen sold 11,344 shares of the firm’s stock in a transaction that occurred on Friday, December 21st. The shares were sold at an average price of $89.38, for a total transaction of $1,013,926.72. Following the completion of the sale, the director now owns 2,890 shares of the company’s stock, valued at $258,308.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William F. Paulsen sold 2,890 shares of Camden Property Trust stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $97.17, for a total transaction of $280,821.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,708 shares of company stock worth $9,865,852. Insiders own 3.90% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Camden Property Trust by 3.9% during the 4th quarter. BlackRock Inc. now owns 12,776,516 shares of the real estate investment trust’s stock worth $1,124,973,000 after acquiring an additional 481,528 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Camden Property Trust by 8,705.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,206,341 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 3,169,926 shares in the last quarter. FMR LLC lifted its stake in shares of Camden Property Trust by 8.2% during the 4th quarter. FMR LLC now owns 1,965,670 shares of the real estate investment trust’s stock valued at $173,077,000 after buying an additional 148,529 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Camden Property Trust by 2.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,571,979 shares of the real estate investment trust’s stock valued at $143,253,000 after buying an additional 43,808 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of Camden Property Trust by 18.1% during the 3rd quarter. Alliancebernstein L.P. now owns 1,417,935 shares of the real estate investment trust’s stock valued at $132,676,000 after buying an additional 216,911 shares in the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

About Camden Property Trust

Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 161 properties containing 55,160 apartment homes across the United States.

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Analyst Recommendations for Camden Property Trust (NYSE:CPT)

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