Camden Property Trust (CTarget Price) Raised to “Outperform” at BMO Capital Markets

Camden Property Trust (CTarget Price) Raised to “Outperform” at BMO Capital Markets

BMO Capital Markets upgraded shares of Camden Property Trust (NYSE:CPT) from a market perform rating to an outperform rating in a research report report published on Thursday. The brokerage currently has $89.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $81.00. The analysts noted that the move was a valuation call.

A number of other research analysts also recently issued reports on CPT. Zacks Investment Research downgraded shares of Camden Property Trust from a hold rating to a sell rating in a research report on Wednesday, February 1st. Barclays PLC reissued a hold rating and set a $84.00 price objective on shares of Camden Property Trust in a research report on Friday, February 17th. Goldman Sachs Group Inc upgraded shares of Camden Property Trust from a neutral rating to a buy rating and boosted their target price for the company from $84.00 to $94.00 in a report on Friday, March 10th. Royal Bank of Canada restated a buy rating and set a $90.00 target price on shares of Camden Property Trust in a report on Wednesday, March 29th. Finally, Evercore ISI boosted their target price on shares of Camden Property Trust from $87.00 to $88.00 and gave the company an in-line rating in a report on Wednesday, April 19th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $87.86.

Camden Property Trust (NYSE CPT) opened at 83.16 on Thursday. Camden Property Trust has a 52 week low of $75.36 and a 52 week high of $90.91. The company’s 50-day moving average is $82.31 and its 200 day moving average is $81.62. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of 9.28 and a beta of 0.39.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, May 4th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.10 by $0.01. The company had revenue of $219.50 million for the quarter, compared to analysts’ expectations of $218.19 million. Camden Property Trust had a net margin of 93.54% and a return on equity of 14.23%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.20 earnings per share. On average, analysts forecast that Camden Property Trust will post $1.82 EPS for the current fiscal year.

In related news, Director F Gardner Parker sold 741 shares of the company’s stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $81.03, for a total value of $60,043.23. Following the transaction, the director now owns 12,074 shares in the company, valued at approximately $978,356.22. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 5.00% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the company. Ken Stern & Associates Inc. purchased a new position in shares of Camden Property Trust during the third quarter worth about $323,000. Security Capital Research & Management Inc. boosted its position in shares of Camden Property Trust by 9.8% in the third quarter. Security Capital Research & Management Inc. now owns 1,675 shares of the real estate investment trust’s stock worth $140,000 after buying an additional 150 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new position in shares of Camden Property Trust during the third quarter worth about $2,737,000. Jane Street Group LLC boosted its position in shares of Camden Property Trust by 157.4% in the third quarter. Jane Street Group LLC now owns 8,592 shares of the real estate investment trust’s stock worth $719,000 after buying an additional 5,254 shares during the last quarter. Finally, Nuveen Fund Advisors LLC purchased a new position in shares of Camden Property Trust during the third quarter worth about $222,000.

Camden Property Trust Company Profile

Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. As of December 31, 2016, the Company owned interests in, operated, or were developing 159 multifamily properties, which consisted of 55,366 apartment homes across the United States.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CPT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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