Barclays Issues Positive Forecast for Camden Property Trust (NYSE:CPT) Stock Price

Camden Property Trust (NYSE:CPT) had its price target raised by investment analysts at Barclays from $126.00 to $130.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. Barclays‘s target price points to a potential upside of 7.57% from the company’s current price.

CPT has been the subject of a number of other reports. JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $129.00 to $128.00 in a research report on Tuesday, December 17th. Wells Fargo & Company cut their price objective on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Mizuho cut 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 report on Monday, January 6th. StockNews.com raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, Royal Bank of Canada raised their price objective on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a “sector perform” rating in a report on Monday, February 10th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $126.53.

Camden Property Trust Stock Up 1.6 %

Camden Property Trust stock opened at $120.86 on Wednesday. Camden Property Trust has a twelve month low of $92.26 and a twelve month high of $127.69. The firm has a 50 day moving average price of $115.03 and a 200-day moving average price of $119.27. The company has a market capitalization of $12.89 billion, a P/E ratio of 80.57, a P/E/G ratio of 4.36 and a beta of 0.94. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating 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 3.35%. As a group, equities analysts predict that Camden Property Trust will post 6.76 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Alexander J. Jessett sold 1,862 shares of the firm’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $204,931.72. Following the sale, the chief financial officer now owns 122,384 shares in the company, valued at approximately $13,469,583.04. This trade represents a 1.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Heather J. Brunner sold 1,853 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $212,168.50. Following the sale, the director now owns 10,537 shares in the company, valued at approximately $1,206,486.50. This trade represents a 14.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,413 shares of company stock worth $2,895,718 in the last three months. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Camden Property Trust

A number of large investors have recently added to or reduced their stakes in the business. Toronto Dominion Bank raised its position in Camden Property Trust by 8.4% in the 4th quarter. Toronto Dominion Bank now owns 57,073 shares of the real estate investment trust’s stock worth $6,623,000 after purchasing an additional 4,404 shares during the period. GF Fund Management CO. LTD. purchased a new position in Camden Property Trust in the 4th quarter worth $225,000. Highview Capital Management LLC DE raised its position in Camden Property Trust by 2.1% in the 4th quarter. Highview Capital Management LLC DE now owns 10,262 shares of the real estate investment trust’s stock worth $1,191,000 after purchasing an additional 213 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Camden Property Trust by 2.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 972,112 shares of the real estate investment trust’s stock worth $112,804,000 after purchasing an additional 25,695 shares during the period. Finally, Worldquant Millennium Advisors LLC raised its position in Camden Property Trust by 74.5% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 54,107 shares of the real estate investment trust’s stock worth $6,279,000 after purchasing an additional 23,102 shares during the period. 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.