Piper Sandler Trims Camden Property Trust (NYSE:CPT) Target Price to $180.00

Camden Property Trust (NYSE:CPT – Get Rating) had its price objective dropped by Piper Sandler from $195.00 to $180.00 in a report issued on Wednesday, The Fly reports. Piper Sandler’s price target points to a potential upside of 17.95% from the company’s current price.

A number of other brokerages have also recently issued reports on CPT. Barclays upped their price objective on shares of Camden Property Trust from $162.00 to $193.00 in a report on Tuesday, January 18th. StockNews.com began coverage on shares of Camden Property Trust in a report on Thursday, March 31st. They issued a “hold” rating for the company. Mizuho decreased their price objective on shares of Camden Property Trust from $179.00 to $170.00 and set a “neutral” rating for the company in a report on Wednesday, February 16th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Camden Property Trust from $200.00 to $190.00 and set a “buy” rating for the company in a report on Thursday, March 24th. Finally, Zacks Investment Research raised shares of Camden Property Trust from a “hold” rating to a “buy” rating and set a $185.00 target price for the company in a research report on Tuesday, March 22nd. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $172.86.

Camden Property Trust stock opened at $152.61 on Wednesday. The company’s fifty day simple moving average is $165.93 and its 200-day simple moving average is $165.95. The company has a quick ratio of 2.47, a current ratio of 5.55 and a debt-to-equity ratio of 0.86. Camden Property Trust has a 12 month low of $117.07 and a 12 month high of $180.37. The stock has a market cap of $16.26 billion, a P/E ratio of 45.29, a P/E/G ratio of 4.45 and a beta of 0.77.

Camden Property Trust (NYSE:CPT – Get Rating) last posted its quarterly earnings results on Thursday, April 28th. The real estate investment trust reported $0.42 EPS for the quarter, missing the consensus estimate of $1.49 by ($1.07). The company had revenue of $311.36 million for the quarter, compared to analysts’ expectations of $308.90 million. Camden Property Trust had a net margin of 29.75% and a return on equity of 8.67%. The company’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.24 earnings per share. On average, equities research analysts expect that Camden Property Trust will post 6.45 earnings per share for the current fiscal year.

In other news, Director Heather J. Brunner sold 883 shares of the company’s stock in a transaction dated Friday, February 25th. The shares were sold at an average price of $164.75, for a total transaction of $145,474.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. Parallel Advisors LLC raised its position in Camden Property Trust by 7.4% in the first quarter. Parallel Advisors LLC now owns 1,018 shares of the real estate investment trust’s stock worth $173,000 after purchasing an additional 70 shares in the last quarter. Avantax Advisory Services Inc. raised its position in Camden Property Trust by 4.3% in the fourth quarter. Avantax Advisory Services Inc. now owns 1,705 shares of the real estate investment trust’s stock worth $305,000 after purchasing an additional 71 shares in the last quarter. Huntington National Bank raised its position in Camden Property Trust by 2.8% in the fourth quarter. Huntington National Bank now owns 2,833 shares of the real estate investment trust’s stock worth $507,000 after purchasing an additional 76 shares in the last quarter. Signaturefd LLC grew its stake in Camden Property Trust by 31.9% during the fourth quarter. Signaturefd LLC now owns 314 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 76 shares during the last quarter. Finally, Xponance Inc. grew its stake in Camden Property Trust by 0.7% during the fourth quarter. Xponance Inc. now owns 11,437 shares of the real estate investment trust’s stock worth $2,044,000 after buying an additional 76 shares during the last quarter. 92.35% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Company Profile (Get Rating)

Camden Property Trust operates as a real estate investment trust. The firm engages in the ownership, management, development, reposition, redevelopment, acquisition, and construction of multifamily apartment communities. It focus on investing in markets characterized by high-growth economic conditions, strong employment, and attractive quality of life.

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