Piper Sandler Lowers Camden Property Trust (NYSE:CPT) Price Target to $117.00

Camden Property Trust (NYSE:CPT) had its price objective decreased by equities researchers at Piper Sandler from $130.00 to $117.00 in a report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Piper Sandler’s target price would indicate a potential upside of 8.52% from the company’s current price.

A number of other equities analysts also recently issued reports on CPT. Scotiabank cut 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 note on Friday, June 13th. Barclays lifted their price target 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. UBS Group cut their price target 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. Truist Financial set a $131.00 target price on shares of Camden Property Trust and gave the stock a “buy” rating in a research report on Monday, May 19th. Finally, Wall Street Zen raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Camden Property Trust has an average rating of “Hold” and a consensus price target of $127.65.

Camden Property Trust Stock Performance

Shares of CPT opened at $107.81 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.18 and a quick ratio of 0.19. The stock has a 50-day moving average of $114.33 and a 200-day moving average of $115.93. The company has a market cap of $11.52 billion, a PE ratio of 75.39, a P/E/G ratio of 3.51 and a beta of 0.78. Camden Property Trust has a one year low of $102.35 and a one year high of $127.69.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 EPS for the quarter, beating the consensus estimate of $1.69 by $0.01. The company had revenue of $396.51 million during the quarter, compared to the consensus estimate of $393.24 million. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the business posted $1.71 EPS. On average, equities research analysts predict that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Insider Transactions at Camden Property Trust

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 transaction of $142,512.00. Following the sale, the director owned 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 legal filing with the SEC, which is available through this link. 1.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Camden Property Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of CPT. LPL Financial LLC raised its holdings in Camden Property Trust by 13.9% during the 4th quarter. LPL Financial LLC now owns 32,573 shares of the real estate investment trust’s stock valued at $3,780,000 after acquiring an additional 3,974 shares during the period. Orion Portfolio Solutions LLC raised its holdings in Camden Property Trust by 8.5% during 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 during the period. Schroder Investment Management Group grew its position in shares of Camden Property Trust by 67.2% during 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 purchasing an additional 4,512 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of Camden Property Trust by 6.6% during 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 purchasing an additional 546 shares in the last quarter. Finally, National Bank of Canada FI grew its position in shares of Camden Property Trust by 4.9% during 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 purchasing an additional 2,323 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

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 58,250 apartment homes across the United States.