Evercore ISI Issues Pessimistic Forecast for Camden Property Trust (NYSE:CPT) Stock Price

Camden Property Trust (NYSE:CPT) had its price objective reduced by analysts at Evercore ISI from $124.00 to $117.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s target price suggests a potential upside of 8.52% from the stock’s current price.

CPT has been the subject of a number of other reports. Royal Bank Of Canada lowered their price target on Camden Property Trust from $120.00 to $118.00 and set a “sector perform” rating for the company in a research report on Monday. Scotiabank lowered their price target on Camden Property Trust from $144.00 to $136.00 and set a “sector perform” rating for the company in a research report on Friday, June 13th. JPMorgan Chase & Co. upped their price objective on Camden Property Trust from $127.00 to $129.00 and gave the company an “underweight” rating in a research note on Tuesday, June 17th. UBS Group reduced their price objective on Camden Property Trust from $126.00 to $114.00 and set a “neutral” rating for the company in a research note on Tuesday, July 15th. Finally, Barclays upped their price objective on Camden Property Trust from $136.00 to $137.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $127.65.

Camden Property Trust Price Performance

Shares of NYSE:CPT opened at $107.81 on Monday. The firm has a market capitalization of $11.52 billion, a price-to-earnings ratio of 75.39, a PEG ratio of 3.51 and a beta of 0.78. The stock’s 50 day moving average is $114.33 and its 200-day moving average is $115.93. Camden Property Trust has a twelve month low of $102.35 and a twelve month high of $127.69. The company has a quick ratio of 0.19, a current ratio of 0.18 and a debt-to-equity ratio of 0.82.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.01. The business had revenue of $396.51 million during the quarter, compared to analyst estimates of $393.24 million. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%. Camden Property Trust’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.71 EPS. Sell-side analysts forecast 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 firm’s stock in a transaction dated 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 owned 117,374 shares in the company, valued at $13,939,336.24. This trade represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CPT. LPL Financial LLC boosted its stake in Camden Property Trust by 13.9% in the 4th quarter. LPL Financial LLC now owns 32,573 shares of the real estate investment trust’s stock worth $3,780,000 after purchasing an additional 3,974 shares during the period. Orion Portfolio Solutions LLC raised its holdings in shares of Camden Property Trust by 8.5% in the 4th quarter. Orion Portfolio Solutions LLC now owns 4,919 shares of the real estate investment trust’s stock valued at $571,000 after acquiring an additional 386 shares in the last quarter. Schroder Investment Management Group raised its holdings in shares of Camden Property Trust by 67.2% in the 4th quarter. Schroder Investment Management Group now owns 11,226 shares of the real estate investment trust’s stock valued at $1,288,000 after acquiring an additional 4,512 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Camden Property Trust by 6.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 8,856 shares of the real estate investment trust’s stock valued at $1,028,000 after acquiring an additional 546 shares in the last quarter. Finally, National Bank of Canada FI raised its holdings in shares of Camden Property Trust by 4.9% in the 4th quarter. National Bank of Canada FI now owns 49,934 shares of the real estate investment trust’s stock valued at $5,794,000 after acquiring an additional 2,323 shares in the last quarter. 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.