Truist Financial Issues Positive Forecast for Camden Property Trust (NYSE:CPT) Stock Price

Camden Property Trust (NYSE:CPT) had its price target upped by Truist Financial from $129.00 to $131.00 in a research report released on Monday,Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

A number of other equities research analysts have also commented on CPT. Royal Bank of Canada upped their target price on Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a research report on Monday, February 10th. Evercore ISI upped their target price on Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. Wells Fargo & Company decreased their price target on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. StockNews.com downgraded Camden Property Trust from a “hold” rating to a “sell” rating in a report on Friday. Finally, Stifel Nicolaus boosted their price target on Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Camden Property Trust presently has a consensus rating of “Hold” and a consensus price target of $129.94.

Camden Property Trust Stock Down 0.5%

NYSE CPT opened at $119.04 on Monday. Camden Property Trust has a 52 week low of $98.35 and a 52 week high of $127.69. The firm has a market capitalization of $12.72 billion, a price-to-earnings ratio of 79.36, a PEG ratio of 4.41 and a beta of 0.79. The company has a fifty day moving average of $116.03 and a two-hundred day moving average of $117.44. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.04. The business had revenue of $390.57 million during the quarter, compared to the consensus estimate of $388.47 million. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $1.70 earnings per share. On average, analysts predict that Camden Property Trust will post 6.76 earnings per share for the current year.

Insider Buying and Selling at Camden Property Trust

In other news, Director Steven A. Webster sold 1,200 shares of the business’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $118.76, for a total value of $142,512.00. Following the completion of the transaction, the director now directly owns 117,374 shares of the company’s stock, valued at $13,939,336.24. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Richard J. Campo sold 5,572 shares of the business’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $119.50, for a total value of $665,854.00. Following the completion of the transaction, the chief executive officer now directly owns 289,720 shares of the company’s stock, valued at approximately $34,621,540. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,907 shares of company stock worth $824,860. 1.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Camden Property Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in CPT. UMB Bank n.a. increased its stake in Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 98 shares during the last quarter. National Pension Service acquired a new stake in Camden Property Trust during the fourth quarter valued at approximately $26,000. Quent Capital LLC raised its stake in Camden Property Trust by 87.0% during the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 114 shares in the last quarter. IAG Wealth Partners LLC acquired a new stake in Camden Property Trust during the fourth quarter valued at approximately $29,000. Finally, Bellwether Advisors LLC bought a new stake in shares of Camden Property Trust in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 97.22% 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 58,250 apartment homes across the United States.