Bank of America Corp. upgraded shares of Camden Property Trust (NYSE:CPT) from a neutral rating to a buy rating in a report published on Wednesday morning.

Several other equities research analysts have also commented on the stock. Zacks Investment Research upgraded shares of Camden Property Trust from a hold rating to a buy rating and set a $87.00 target price on the stock in a research report on Tuesday. Barclays PLC reiterated a buy rating and issued a $89.00 price objective on shares of Camden Property Trust in a research report on Monday, November 14th. Citigroup Inc. decreased their price objective on shares of Camden Property Trust from $88.00 to $84.00 and set a neutral rating on the stock in a research report on Friday, September 30th. RBC Capital Markets reiterated a buy rating on shares of Camden Property Trust in a research report on Monday, August 29th. Finally, BTIG Research started coverage on shares of Camden Property Trust in a research report on Thursday, August 25th. They issued a neutral rating on the stock. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $87.00.

Camden Property Trust (NYSE:CPT) opened at 77.72 on Wednesday. The stock’s 50 day moving average is $78.59 and its 200 day moving average is $84.22. The stock 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 52 week low of $69.76 and a 52 week high of $90.91.

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

In related news, EVP William W. Sengelmann sold 5,878 shares of the stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $85.56, for a total transaction of $502,921.68. Following the completion of the sale, the executive vice president now owns 78,689 shares of the company’s stock, valued at approximately $6,732,630.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William B. Mcguire sold 2,124 shares of the stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $81.76, for a total transaction of $173,658.24. Following the sale, the director now directly owns 2,015 shares of the company’s stock, valued at approximately $164,746.40. The disclosure for this sale can be found here. Insiders own 5.00% of the company’s stock.

A number of hedge funds have recently bought and sold shares of CPT. Vanguard Group Inc. boosted its position in Camden Property Trust by 2.5% in the second quarter. Vanguard Group Inc. now owns 13,413,156 shares of the real estate investment trust’s stock worth $1,185,990,000 after buying an additional 327,510 shares in the last quarter. Lasalle Investment Management Securities LLC boosted its position in Camden Property Trust by 0.8% in the second quarter. Lasalle Investment Management Securities LLC now owns 5,519,707 shares of the real estate investment trust’s stock worth $488,052,000 after buying an additional 43,279 shares in the last quarter. Cohen & Steers Inc. boosted its position in Camden Property Trust by 1,532.7% in the second quarter. Cohen & Steers Inc. now owns 4,557,918 shares of the real estate investment trust’s stock worth $403,011,000 after buying an additional 4,278,755 shares in the last quarter. State Street Corp boosted its position in Camden Property Trust by 1.2% in the second quarter. State Street Corp now owns 4,421,057 shares of the real estate investment trust’s stock worth $390,916,000 after buying an additional 51,437 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in Camden Property Trust by 64.9% in the third quarter. Daiwa Securities Group Inc. now owns 4,311,826 shares of the real estate investment trust’s stock worth $361,072,000 after buying an additional 1,697,422 shares in the last quarter. 96.55% of the stock is owned by hedge funds and other institutional investors.

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About Camden Property Trust

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.

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