Piper Sandler Upgrades Camden Property Trust (NYSE:CPT) to “Neutral”

Camden Property Trust (NYSE:CPT) was upgraded by investment analysts at Piper Sandler from an “underweight” rating to a “neutral” rating in a note issued to investors on Monday, MarketBeat.com reports. The brokerage presently has a $110.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $90.00. Piper Sandler’s target price points to a potential upside of 3.78% from the stock’s current price.

A number of other equities analysts also recently commented on CPT. Barclays downgraded shares of Camden Property Trust from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $138.00 to $100.00 in a research note on Tuesday, February 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $103.00 price target on shares of Camden Property Trust in a report on Monday, February 5th. Morgan Stanley upped their price objective on Camden Property Trust from $95.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Monday, February 26th. Wedbush reiterated an “outperform” rating and issued a $110.00 target price on shares of Camden Property Trust in a research note on Monday, April 29th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Camden Property Trust in a report on Tuesday, January 30th. They issued a “hold” rating and a $90.00 target price for the company. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $107.06.

Camden Property Trust Stock Performance

Camden Property Trust stock opened at $105.99 on Monday. The company has a 50 day moving average price of $98.42 and a 200-day moving average price of $95.49. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.88 and a current ratio of 0.43. Camden Property Trust has a fifty-two week low of $82.81 and a fifty-two week high of $114.04. The company has a market capitalization of $11.54 billion, a PE ratio of 25.98, a P/E/G ratio of 3.94 and a beta of 0.82.

Hedge Funds Weigh In On Camden Property Trust

Hedge funds have recently made changes to their positions in the company. IFM Investors Pty Ltd lifted its position in Camden Property Trust by 0.7% during the 1st quarter. IFM Investors Pty Ltd now owns 17,866 shares of the real estate investment trust’s stock worth $1,758,000 after acquiring an additional 118 shares during the period. ERn Financial LLC raised its stake in shares of Camden Property Trust by 2.0% in the first quarter. ERn Financial LLC now owns 6,136 shares of the real estate investment trust’s stock worth $604,000 after purchasing an additional 118 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Camden Property Trust by 23.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 119 shares during the period. Lindbrook Capital LLC boosted its position in Camden Property Trust by 90.4% in the first quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 132 shares during the last quarter. Finally, Cooper Financial Group boosted its position in Camden Property Trust by 3.3% in the fourth quarter. Cooper Financial Group now owns 4,295 shares of the real estate investment trust’s stock valued at $426,000 after buying an additional 139 shares during the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

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.