Camden Property Trust (NYSE:CPT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The brokerage presently has a $87.00 price target on the real estate investment trust’s stock. Zacks Investment Research’s price objective suggests a potential upside of 11.94% from the company’s current price.

According to Zacks, “CAMDEN PROPERTY TRUST is a self-administered and self-managed real estate investment trust that is engaged in the ownership, development, acquisition, management, marketing and disposition of multi-family apartment communities in the Southwest and Mountain regions of the United States. “

A number of other brokerages have also issued reports on CPT. Barclays PLC boosted their price target on Camden Property Trust from $92.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, August 12th. Citigroup Inc. reduced their price target on Camden Property Trust from $88.00 to $84.00 and set a “neutral” rating for the company in a research report on Friday, September 30th. Mizuho downgraded Camden Property Trust from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $92.00 to $93.00 in a research note on Monday, August 1st. Robert W. Baird downgraded Camden Property Trust from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $83.00 to $88.00 in a research note on Wednesday, August 10th. Finally, BTIG Research started coverage on Camden Property Trust in a research note on Thursday, August 25th. They issued a “neutral” rating on the stock. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. Camden Property Trust presently has an average rating of “Hold” and a consensus price target of $87.00.

Analyst Recommendations for Camden Property Trust (NYSE:CPT)

Camden Property Trust (NYSE:CPT) traded up 2.26% during mid-day trading on Tuesday, hitting $77.72. The company had a trading volume of 555,566 shares. The company has a market cap of $6.80 billion, a PE ratio of 8.38 and a beta of 0.43. Camden Property Trust has a one year low of $69.76 and a one year high of $90.91. The company’s 50 day moving average price is $78.80 and its 200-day moving average price is $84.32.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, October 27th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.03. Camden Property Trust had a return on equity of 15.12% and a net margin of 94.44%. The company earned $220.20 million during the quarter, compared to analyst estimates of $218.51 million. During the same quarter in the previous year, the firm posted $0.91 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. Equities research analysts anticipate that Camden Property Trust will post $4.61 EPS for the current fiscal year.

In other news, EVP William W. Sengelmann sold 5,878 shares of Camden Property Trust stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $85.56, for a total transaction of $502,921.68. Following the transaction, the executive vice president now owns 78,689 shares in the company, valued at $6,732,630.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO H Malcolm Stewart sold 11,122 shares of Camden Property Trust stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $89.63, for a total value of $996,864.86. Following the transaction, the chief operating officer now owns 252,526 shares in the company, valued at approximately $22,633,905.38. The disclosure for this sale can be found here. Insiders own 5.00% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. CIBC Asset Management Inc increased its position in shares of Camden Property Trust by 0.3% in the second quarter. CIBC Asset Management Inc now owns 3,164 shares of the real estate investment trust’s stock worth $280,000 after buying an additional 8 shares during the period. AlphaMark Advisors LLC increased its position in shares of Camden Property Trust by 0.9% in the second quarter. AlphaMark Advisors LLC now owns 2,850 shares of the real estate investment trust’s stock worth $252,000 after buying an additional 25 shares during the period. Phocas Financial Corp. increased its position in shares of Camden Property Trust by 1.0% in the first quarter. Phocas Financial Corp. now owns 5,066 shares of the real estate investment trust’s stock worth $426,000 after buying an additional 48 shares during the period. Intrust Bank NA increased its position in shares of Camden Property Trust by 1.0% in the third quarter. Intrust Bank NA now owns 5,504 shares of the real estate investment trust’s stock worth $461,000 after buying an additional 53 shares during the period. Finally, Mn Services Vermogensbeheer B.V. increased its position in shares of Camden Property Trust by 2.8% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 2,213 shares of the real estate investment trust’s stock worth $185,000 after buying an additional 61 shares during the period. Hedge funds and other institutional investors own 96.55% of the company’s stock.

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Camden Property Trust Company Profile

Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. The Company operates in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities segment.

5 Day Chart for NYSE:CPT

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