Camden Property Trust (NYSE:CPT) Coverage Initiated at Jefferies Financial Group

Research analysts at Jefferies Financial Group assumed coverage on shares of Camden Property Trust (NYSE:CPT) in a note issued to investors on Friday, Briefing.com reports. The brokerage set a “hold” rating and a $123.00 price target on the real estate investment trust’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 3.54% from the stock’s previous close.

Several other research analysts also recently commented on CPT. JPMorgan Chase & Co. raised their price objective on Camden Property Trust from $112.00 to $129.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Bank of America upgraded shares of Camden Property Trust from an “underperform” rating to a “buy” rating and raised their target price for the stock from $111.00 to $147.00 in a research note on Monday, August 12th. The Goldman Sachs Group started coverage on shares of Camden Property Trust in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $139.00 price target for the company. Evercore ISI raised their price objective on shares of Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Finally, UBS Group upped their target price on shares of Camden Property Trust from $109.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. Fifteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $121.76.

Camden Property Trust Stock Performance

CPT opened at $118.79 on Friday. The company’s 50 day moving average is $122.21 and its 200 day moving average is $110.94. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.72. The company has a market cap of $12.66 billion, a price-to-earnings ratio of 29.12, a PEG ratio of 4.51 and a beta of 0.90. Camden Property Trust has a 12-month low of $82.81 and a 12-month high of $127.69.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.27). The business had revenue of $387.15 million for the quarter, compared to the consensus estimate of $384.76 million. Camden Property Trust had a net margin of 25.64% and a return on equity of 7.98%. During the same period in the previous year, the firm earned $1.70 EPS. On average, equities research analysts predict that Camden Property Trust will post 6.77 EPS for the current year.

Institutional Trading of Camden Property Trust

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Kings Path Partners LLC acquired a new position in Camden Property Trust during the 2nd quarter worth about $33,000. Federated Hermes Inc. purchased a new stake in Camden Property Trust during the second quarter worth about $33,000. Family Firm Inc. purchased a new stake in Camden Property Trust during the second quarter worth about $39,000. Versant Capital Management Inc lifted its position in shares of Camden Property Trust by 2,187.5% during the second quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 350 shares in the last quarter. Finally, Quarry LP boosted its stake in shares of Camden Property Trust by 1,081.5% in the fourth quarter. Quarry LP now owns 638 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 584 shares during the period. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

About Camden Property Trust

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 58,250 apartment homes across the United States.