Evercore ISI Raises Camden Property Trust (NYSE:CPT) Price Target to $127.00

Camden Property Trust (NYSE:CPT) had its price target lifted by Evercore ISI from $118.00 to $127.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price target points to a potential upside of 7.09% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Company decreased their target price on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $121.00 target price on shares of Camden Property Trust in a report on Wednesday, January 22nd. Mizuho dropped their price objective on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. Barclays decreased their target price on shares of Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Finally, StockNews.com lowered Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $126.03.

Camden Property Trust Price Performance

Camden Property Trust stock traded down $0.57 during trading on Monday, reaching $118.59. The company had a trading volume of 132,199 shares, compared to its average volume of 845,566. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. The firm’s 50-day simple moving average is $115.51 and its 200 day simple moving average is $118.97. The firm has a market capitalization of $12.65 billion, a PE ratio of 79.07, a price-to-earnings-growth ratio of 4.27 and a beta of 0.94. Camden Property Trust has a 1-year low of $90.50 and a 1-year high of $127.69.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.32%. As a group, equities research analysts anticipate that Camden Property Trust will post 6.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Heather J. Brunner sold 264 shares of the company’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $29,055.84. Following the completion of the transaction, the director now owns 10,273 shares in the company, valued at approximately $1,130,646.38. This represents a 2.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Alexander J. Jessett sold 13,067 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $1,496,171.50. Following the completion of the transaction, the chief financial officer now directly owns 124,246 shares in the company, valued at $14,226,167. This trade represents a 9.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,413 shares of company stock worth $2,895,718 over the last three months. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Camden Property Trust

Hedge funds have recently made changes to their positions in the company. National Pension Service acquired a new position in Camden Property Trust during the fourth quarter worth approximately $26,000. UMB Bank n.a. increased its stake in Camden Property Trust by 76.6% in the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 98 shares during the period. Quent Capital LLC increased its position in Camden Property Trust by 87.0% in the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 114 shares during the period. IAG Wealth Partners LLC acquired a new stake in shares of Camden Property Trust during the fourth quarter worth $29,000. Finally, Neo Ivy Capital Management acquired a new position in Camden Property Trust in the 3rd quarter valued at $38,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

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.