Camden Property Trust (NYSE:CPT) Given a $131.00 Price Target by Truist Financial Analysts

Camden Property Trust (NYSE:CPT) has been given a $131.00 price target by stock analysts at Truist Financial in a research report issued on Monday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s target price suggests a potential upside of 14.61% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Wells Fargo & Company decreased their price target on shares of 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. Evercore ISI lifted their target price on shares of Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. Stifel Nicolaus lifted their target price on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a research note on Friday, February 7th. Barclays lifted their target price on shares of Camden Property Trust from $127.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. Finally, Wall Street Zen cut shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Friday, May 16th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $129.94.

Camden Property Trust Stock Down 1.1%

Camden Property Trust stock opened at $114.30 on Monday. The stock has a market cap of $12.21 billion, a price-to-earnings ratio of 76.20, a PEG ratio of 4.41 and a beta of 0.79. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. The company’s 50-day moving average price is $115.90 and its two-hundred day moving average price is $117.42. Camden Property Trust has a 52 week low of $98.35 and a 52 week high of $127.69.

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

Insider Buying and Selling

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

Institutional Investors Weigh In On Camden Property Trust

Large investors have recently made changes to their positions in the company. National Pension Service bought a new stake in shares of Camden Property Trust in the 4th quarter worth about $26,000. UMB Bank n.a. lifted its position in Camden Property Trust by 76.6% during the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 98 shares in the last quarter. Quent Capital LLC lifted its position in Camden Property Trust by 87.0% during the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 114 shares in the last quarter. IAG Wealth Partners LLC acquired a new position in Camden Property Trust during the 4th quarter worth about $29,000. Finally, Bellwether Advisors LLC acquired a new position in Camden Property Trust during the 4th quarter worth about $31,000. 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.