Camden Property Trust (CPT) Sees Unusually-High Trading Volume
Shares of Camden Property Trust (NYSE:CPT) saw unusually-strong trading volume on Friday . Approximately 484,125 shares changed hands during trading, a decline of 1% from the previous session’s volume of 487,292 shares.The stock last traded at $86.68 and had previously closed at $86.60.
Several equities research analysts have issued reports on CPT shares. Barclays PLC lifted their target price on shares of Camden Property Trust from $92.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, August 12th. Credit Suisse Group AG reiterated a “hold” rating on shares of Camden Property Trust in a research report on Saturday, April 30th. Royal Bank Of Canada lifted their target price on shares of Camden Property Trust from $87.00 to $91.00 and gave the company an “outperform” rating in a research report on Monday, May 2nd. Deutsche Bank AG reiterated a “hold” rating and set a $84.00 target price on shares of Camden Property Trust in a research report on Tuesday, May 3rd. Finally, Zacks Investment Research lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating in a research report on Friday, July 22nd. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $87.00.
The stock’s 50-day moving average is $87.75 and its 200-day moving average is $83.30. The company has a market cap of $7.53 billion and a price-to-earnings ratio of 13.31.
Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, July 28th. The real estate investment trust reported $1.15 earnings per share for the quarter, hitting the consensus estimate of $1.15. The business had revenue of $221.50 million for the quarter, compared to the consensus estimate of $220.32 million. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.12 earnings per share. On average, equities analysts forecast that Camden Property Trust will post $4.55 earnings per share for the current fiscal year.
In other news, EVP William W. Sengelmann sold 2,398 shares of the firm’s stock in a transaction on Friday, June 24th. The stock was sold at an average price of $84.50, for a total transaction of $202,631.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO H Malcolm Stewart sold 11,446 shares of the firm’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $87.27, for a total value of $998,892.42. Following the transaction, the chief operating officer now owns 264,012 shares in the company, valued at approximately $23,040,327.24. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Camden Property Trust stock. KBC Group NV boosted its stake in shares of Camden Property Trust (NYSE:CPT) by 95.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,205 shares of the real estate investment trust’s stock after buying an additional 24,581 shares during the period. KBC Group NV owned 0.06% of Camden Property Trust worth $3,854,000 as of its most recent SEC filing.
Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. The Company operates in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities segment.
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