Camden Property Trust (NYSE:CPT) PT Lowered to $110.00

Camden Property Trust (NYSE:CPT) had its price objective decreased by investment analysts at Stifel Nicolaus from $111.50 to $110.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Stifel Nicolaus’ target price points to a potential upside of 25.93% from the company’s current price.

Other analysts have also issued research reports about the company. Wedbush initiated coverage on Camden Property Trust in a research report on Tuesday, October 3rd. They issued an “outperform” rating and a $110.00 target price on the stock. StockNews.com raised Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Thursday. Piper Sandler lowered Camden Property Trust from a “neutral” rating to an “underweight” rating and cut their target price for the company from $126.00 to $80.00 in a research report on Tuesday, October 31st. Truist Financial boosted their target price on Camden Property Trust from $127.00 to $134.00 and gave the company a “buy” rating in a research report on Tuesday, August 8th. Finally, Wells Fargo & Company boosted their target price on Camden Property Trust from $102.00 to $107.00 and gave the company an “underweight” rating in a research report on Tuesday, September 12th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $113.44.

Camden Property Trust Trading Down 0.3 %

CPT opened at $87.35 on Friday. Camden Property Trust has a one year low of $82.81 and a one year high of $127.60. The stock has a market capitalization of $9.33 billion, a PE ratio of 41.79, a P/E/G ratio of 2.98 and a beta of 0.84. The business’s 50 day moving average price is $93.72 and its 200 day moving average price is $103.39. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.10 and a current ratio of 0.10.

Hedge Funds Weigh In On Camden Property Trust

Large investors have recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. boosted its stake in Camden Property Trust by 11.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 895 shares of the real estate investment trust’s stock valued at $97,000 after acquiring an additional 91 shares in the last quarter. Bessemer Group Inc. boosted its stake in Camden Property Trust by 57.0% in the fourth quarter. Bessemer Group Inc. now owns 259 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 94 shares in the last quarter. Commerce Bank boosted its stake in Camden Property Trust by 2.8% in the second quarter. Commerce Bank now owns 3,477 shares of the real estate investment trust’s stock valued at $379,000 after acquiring an additional 95 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Camden Property Trust by 1.0% in the third quarter. Mercer Global Advisors Inc. ADV now owns 9,751 shares of the real estate investment trust’s stock valued at $1,165,000 after acquiring an additional 95 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in Camden Property Trust by 0.3% in the first quarter. Rockefeller Capital Management L.P. now owns 36,569 shares of the real estate investment trust’s stock valued at $3,833,000 after acquiring an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 95.04% 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 58,961 apartment homes across the United States.