Camden Property Trust (CPT) Sees Large Volume Increase
Camden Property Trust (NYSE:CPT) shares saw unusually-high trading volume on Friday . Approximately 484,125 shares traded 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 brokerages recently issued reports on CPT. Barclays PLC lifted their target price on 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 note on Saturday, April 30th. Royal Bank Of Canada boosted their target price on Camden Property Trust from $87.00 to $91.00 and gave the stock an “outperform” rating in a research report on Monday, May 2nd. BMO Capital Markets restated a “sell” rating on shares of Camden Property Trust in a research report on Friday, April 29th. Finally, Deutsche Bank AG restated a “hold” rating and set a $84.00 target price on shares of Camden Property Trust in a research report on Tuesday, May 3rd. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $87.00.
The company has a market cap of $7.53 billion and a P/E ratio of 13.31. The company has a 50-day moving average price of $87.75 and a 200 day moving average price of $83.30.
Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $1.15 EPS for the quarter, hitting analysts’ consensus estimates of $1.15. The business earned $221.50 million during the quarter, compared to the consensus estimate of $220.32 million. During the same period last year, the firm earned $1.12 EPS. The business’s quarterly revenue was up 7.3% on a year-over-year basis. Equities analysts anticipate that Camden Property Trust will post $4.55 earnings per share for the current year.
In related news, Chairman Richard J. Campo sold 22,318 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $88.33, for a total value of $1,971,348.94. Following the completion of the transaction, the chairman now owns 410,649 shares of the company’s stock, valued at $36,272,626.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO H Malcolm Stewart sold 11,446 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $87.27, for a total transaction of $998,892.42. Following the completion of the transaction, the chief operating officer now directly owns 264,012 shares of the company’s stock, valued at approximately $23,040,327.24. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Camden Property Trust stock. KBC Group NV raised its position in Camden Property Trust (NYSE:CPT) by 95.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 about 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.