Camden Property Trust (NYSE:CPT) Coverage Initiated at Barclays

Barclays started coverage on shares of Camden Property Trust (NYSE:CPT) in a research note issued on Tuesday, MarketBeat Ratings reports. The brokerage set an “overweight” rating and a $138.00 price target on the real estate investment trust’s stock. Barclays‘s price objective would indicate a potential upside of 21.75% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Stifel Nicolaus downgraded Camden Property Trust from a “buy” rating to a “hold” rating and lifted their price target for the stock from $120.00 to $121.00 in a research note on Wednesday, November 13th. Truist Financial upped their price target on shares of Camden Property Trust from $122.00 to $133.00 and gave the company a “buy” rating in a report on Monday, August 26th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Piper Sandler upped their target price on Camden Property Trust from $110.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Finally, The Goldman Sachs Group assumed coverage on Camden Property Trust in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $139.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $125.81.

Camden Property Trust Price Performance

Shares of NYSE:CPT opened at $113.35 on Tuesday. The firm has a market capitalization of $12.09 billion, a price-to-earnings ratio of 35.87, a price-to-earnings-growth ratio of 4.40 and a beta of 0.92. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. The business’s 50 day simple moving average is $120.59 and its 200-day simple moving average is $117.75. Camden Property Trust has a 12 month low of $90.50 and a 12 month high of $127.69.

Institutional Investors Weigh In On Camden Property Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in CPT. State Street Corp grew its holdings in shares of Camden Property Trust by 0.5% during the 3rd quarter. State Street Corp now owns 7,118,930 shares of the real estate investment trust’s stock worth $886,693,000 after purchasing an additional 36,528 shares during the period. Victory Capital Management Inc. boosted its position in shares of Camden Property Trust by 5.0% in the second quarter. Victory Capital Management Inc. now owns 4,314,030 shares of the real estate investment trust’s stock worth $470,704,000 after buying an additional 206,654 shares during the period. FMR LLC boosted its holdings in Camden Property Trust by 14.5% in the 3rd quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust’s stock worth $407,324,000 after acquiring an additional 416,701 shares during the period. Geode Capital Management LLC boosted its stake in shares of Camden Property Trust by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,739,831 shares of the real estate investment trust’s stock valued at $337,394,000 after purchasing an additional 20,097 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in Camden Property Trust by 86.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock worth $243,952,000 after buying an additional 918,078 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

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.