Brokerages Set Camden Property Trust (NYSE:CPT) Price Target at $104.29

Camden Property Trust (NYSE:CPT) has been assigned a consensus rating of “Hold” from the seventeen ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $107.06.

Several analysts have issued reports on CPT shares. Deutsche Bank Aktiengesellschaft began coverage on Camden Property Trust in a research note on Tuesday, January 30th. They issued a “hold” rating and a $90.00 target price for the company. Wedbush upped their price objective on shares of Camden Property Trust from $110.00 to $118.00 and gave the company an “outperform” rating in a research note on Monday. Barclays downgraded shares of Camden Property Trust from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $138.00 to $100.00 in a research note on Tuesday, February 20th. Royal Bank of Canada raised their price objective on Camden Property Trust from $107.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday. Finally, StockNews.com raised Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th.

Institutional Investors Weigh In On Camden Property Trust

Several institutional investors and hedge funds have recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Camden Property Trust by 16.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 191,374 shares of the real estate investment trust’s stock worth $18,831,000 after buying an additional 27,465 shares in the last quarter. Entropy Technologies LP purchased a new position in shares of Camden Property Trust during the 1st quarter worth approximately $983,000. William Blair Investment Management LLC raised its position in shares of Camden Property Trust by 3.8% in the 1st quarter. William Blair Investment Management LLC now owns 3,002 shares of the real estate investment trust’s stock worth $295,000 after acquiring an additional 109 shares in the last quarter. ProShare Advisors LLC lifted its stake in shares of Camden Property Trust by 9.3% in the 1st quarter. ProShare Advisors LLC now owns 31,203 shares of the real estate investment trust’s stock valued at $3,070,000 after purchasing an additional 2,643 shares during the period. Finally, US Bancorp DE lifted its stake in shares of Camden Property Trust by 6.1% in the 1st quarter. US Bancorp DE now owns 6,859 shares of the real estate investment trust’s stock valued at $675,000 after purchasing an additional 393 shares during the period. 97.22% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Trading Up 2.6 %

Shares of CPT stock opened at $106.83 on Friday. The business has a 50-day moving average price of $98.87 and a two-hundred day moving average price of $95.63. Camden Property Trust has a 12-month low of $82.81 and a 12-month high of $114.04. The company has a quick ratio of 0.88, a current ratio of 0.43 and a debt-to-equity ratio of 0.71. The firm has a market cap of $11.63 billion, a P/E ratio of 26.18, a price-to-earnings-growth ratio of 3.94 and a beta of 0.82.

Camden Property Trust Company Profile

Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,634 apartment homes across the United States.