Camden Property Trust (NYSE:CPT) Given New $110.00 Price Target at Royal Bank of Canada

Camden Property Trust (NYSE:CPT) had its price objective boosted by Royal Bank of Canada from $107.00 to $110.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 3.78% from the stock’s current price.

A number of other equities analysts have also issued reports on the company. Mizuho increased their price target on Camden Property Trust from $99.00 to $111.00 and gave the company a “buy” rating in a research note on Monday. Piper Sandler raised Camden Property Trust from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $90.00 to $110.00 in a report on Monday. Deutsche Bank Aktiengesellschaft started coverage on shares of Camden Property Trust in a research report on Tuesday, January 30th. They issued a “hold” rating and a $90.00 price target on the stock. Truist Financial raised their price objective on shares of Camden Property Trust from $113.00 to $114.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Finally, The Goldman Sachs Group initiated coverage on Camden Property Trust in a report on Thursday, February 22nd. They issued a “buy” rating and a $112.00 price target on the stock. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Camden Property Trust presently has an average rating of “Hold” and a consensus target price of $107.06.

Camden Property Trust Trading Up 0.0 %

Shares of NYSE:CPT opened at $105.99 on Monday. The company has a 50 day moving average of $98.42 and a 200-day moving average of $95.49. The company has a current ratio of 0.43, a quick ratio of 0.88 and a debt-to-equity ratio of 0.71. The firm has a market cap of $11.54 billion, a P/E ratio of 25.98, a P/E/G ratio of 3.94 and a beta of 0.82. Camden Property Trust has a twelve month low of $82.81 and a twelve month high of $114.04.

Hedge Funds Weigh In On Camden Property Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services LLC boosted its position in Camden Property Trust by 18.8% during the third quarter. Commonwealth Equity Services LLC now owns 2,311 shares of the real estate investment trust’s stock valued at $219,000 after purchasing an additional 366 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Camden Property Trust by 5.5% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 7,952 shares of the real estate investment trust’s stock worth $752,000 after purchasing an additional 418 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Camden Property Trust by 3,054.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 28,232 shares of the real estate investment trust’s stock valued at $2,670,000 after buying an additional 27,337 shares during the last quarter. Raymond James & Associates grew its stake in shares of Camden Property Trust by 9.0% in the 3rd quarter. Raymond James & Associates now owns 87,545 shares of the real estate investment trust’s stock valued at $8,280,000 after buying an additional 7,199 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in Camden Property Trust by 32.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 2,646 shares of the real estate investment trust’s stock worth $250,000 after buying an additional 654 shares during the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Company Profile

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 58,634 apartment homes across the United States.