Camden Property Trust (NYSE:CPT) had its target price raised by equities research analysts at Barclays PLC from $85.00 to $86.00 in a research report issued to clients and investors on Tuesday. The firm currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays PLC’s price objective would suggest a potential downside of 1.04% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. Evercore ISI increased their price target on Camden Property Trust from $87.00 to $88.00 and gave the company an “in-line” rating in a research report on Wednesday, April 19th. BTIG Research upgraded Camden Property Trust from a “neutral” rating to a “buy” rating and set a $90.00 price target for the company in a research report on Monday, April 24th. BMO Capital Markets set a $81.00 price target on Camden Property Trust and gave the company a “hold” rating in a research report on Thursday, May 4th. KeyCorp upgraded Camden Property Trust from a “sector weight” rating to an “overweight” rating and set a $93.00 price target for the company in a research report on Tuesday, June 13th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Camden Property Trust in a research report on Monday, May 15th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. Camden Property Trust currently has an average rating of “Hold” and a consensus price target of $88.13.

Shares of Camden Property Trust (NYSE:CPT) traded down 0.09% during midday trading on Tuesday, hitting $86.82. 194,415 shares of the company’s stock traded hands. The stock has a market cap of $7.61 billion, a P/E ratio of 9.69 and a beta of 0.37. Camden Property Trust has a 52 week low of $75.36 and a 52 week high of $90.83. The company has a 50 day moving average of $85.11 and a 200 day moving average of $82.92.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, May 4th. The real estate investment trust reported $1.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.10 by $0.01. Camden Property Trust had a net margin of 92.55% and a return on equity of 13.94%. The company had revenue of $219.50 million during the quarter, compared to analyst estimates of $218.19 million. During the same quarter last year, the business earned $1.20 EPS. The company’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities analysts forecast that Camden Property Trust will post $1.83 EPS for the current fiscal year.

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In other news, Director William F. Paulsen sold 2,227 shares of Camden Property Trust stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $87.18, for a total transaction of $194,149.86. Following the completion of the sale, the director now directly owns 14,284 shares in the company, valued at approximately $1,245,279.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 4.70% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Camden Property Trust by 1.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,743 shares of the real estate investment trust’s stock valued at $2,152,000 after buying an additional 446 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Camden Property Trust by 9.2% in the first quarter. Goldman Sachs Group Inc. now owns 993,562 shares of the real estate investment trust’s stock valued at $79,942,000 after buying an additional 83,759 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Camden Property Trust by 31.8% in the first quarter. Russell Investments Group Ltd. now owns 510,173 shares of the real estate investment trust’s stock valued at $41,047,000 after buying an additional 123,027 shares in the last quarter. Morgan Stanley raised its stake in shares of Camden Property Trust by 35.4% in the first quarter. Morgan Stanley now owns 3,501,894 shares of the real estate investment trust’s stock valued at $281,763,000 after buying an additional 915,901 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Camden Property Trust during the fourth quarter valued at about $50,638,000. Institutional investors and hedge funds own 91.61% of the company’s stock.

About Camden Property Trust

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. As of December 31, 2016, the Company owned interests in, operated, or were developing 159 multifamily properties, which consisted of 55,366 apartment homes across the United States.

Analyst Recommendations for Camden Property Trust (NYSE:CPT)

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