Shares of Camden Property Trust (NYSE:CPT) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $91.07 and last traded at $90.95, with a volume of 529,708 shares traded. The stock had previously closed at $90.41.

Several research firms have issued reports on CPT. Sandler O’Neill upgraded shares of Camden Property Trust from a “hold” rating to a “buy” rating and raised their price target for the stock from $93.00 to $105.00 in a research report on Tuesday. Stifel Nicolaus began coverage on shares of Camden Property Trust in a research report on Friday, September 1st. They issued a “buy” rating and a $99.00 price target on the stock. Deutsche Bank AG raised their price target on shares of Camden Property Trust from $84.00 to $85.00 and gave the stock a “hold” rating in a research report on Friday, August 18th. Royal Bank Of Canada raised their price target on shares of Camden Property Trust from $91.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, August 7th. Finally, Barclays PLC raised their price target on shares of Camden Property Trust from $85.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $90.00.

The firm’s 50 day moving average is $89.47 and its 200 day moving average is $84.92. The firm has a market cap of $8.06 billion, a price-to-earnings ratio of 20.58 and a beta of 0.38.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. Camden Property Trust had a net margin of 46.10% and a return on equity of 13.17%. The business had revenue of $222.40 million for the quarter, compared to the consensus estimate of $222.44 million. During the same period last year, the company earned $1.15 EPS. The firm’s revenue was up .4% compared to the same quarter last year. Equities research analysts anticipate that Camden Property Trust will post $1.73 earnings per share for the current year.

In related news, EVP William W. Sengelmann sold 763 shares of Camden Property Trust stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $89.76, for a total transaction of $68,486.88. Following the sale, the executive vice president now directly owns 71,836 shares in the company, valued at approximately $6,447,999.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William F. Paulsen sold 2,227 shares of Camden Property Trust stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $87.18, for a total transaction of $194,149.86. Following the sale, the director now owns 14,284 shares in the company, valued at $1,245,279.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 120,811 shares of company stock worth $10,812,185. 4.70% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in CPT. Great West Life Assurance Co. Can raised its holdings in Camden Property Trust by 3.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 139,306 shares of the real estate investment trust’s stock worth $11,195,000 after purchasing an additional 4,034 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its holdings in Camden Property Trust by 18.7% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 3,537 shares of the real estate investment trust’s stock worth $285,000 after purchasing an additional 558 shares during the last quarter. State Treasurer State of Michigan raised its holdings in Camden Property Trust by 1.1% during the 1st quarter. State Treasurer State of Michigan now owns 35,600 shares of the real estate investment trust’s stock worth $2,864,000 after purchasing an additional 400 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Camden Property Trust by 1.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 126,671 shares of the real estate investment trust’s stock worth $10,192,000 after purchasing an additional 1,700 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in Camden Property Trust by 271.4% during the 1st quarter. First Trust Advisors LP now owns 112,753 shares of the real estate investment trust’s stock worth $9,072,000 after purchasing an additional 82,394 shares during the last quarter. Hedge funds and other institutional investors own 95.94% of the company’s stock.

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Camden Property Trust Company Profile

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.

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