Zacks Investment Research upgraded shares of Camden Property Trust (NYSE:CPT) from a hold rating to a buy rating in a report issued on Tuesday. They currently have $89.00 price target on the real estate investment trust’s stock.

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 equities research analysts have also weighed in on CPT. Robert W. Baird lowered shares of Camden Property Trust from an outperform rating to a neutral rating and lifted their price objective for the company from $83.00 to $88.00 in a report on Wednesday, August 10th. BTIG Research began coverage on shares of Camden Property Trust in a report on Thursday, August 25th. They set a neutral rating for the company. Barclays PLC lifted their price objective on shares of Camden Property Trust from $92.00 to $95.00 and gave the company an overweight rating in a report on Friday, August 12th. Bank of America Corp. upgraded shares of Camden Property Trust from a neutral rating to a buy rating and set a $91.00 price target for the company in a report on Wednesday, November 23rd. Finally, Citigroup Inc. boosted their price target on shares of Camden Property Trust from $87.00 to $88.00 and gave the company a neutral rating in a report on Thursday, August 4th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $87.46.

Camden Property Trust (NYSE:CPT) opened at 79.26 on Tuesday. The company’s 50 day moving average is $78.63 and its 200 day moving average is $84.08. Camden Property Trust has a 12 month low of $69.76 and a 12 month high of $90.91. The stock has a market cap of $6.93 billion, a PE ratio of 8.55 and a beta of 0.43.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, October 27th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.03. The firm earned $220.20 million during 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 quarter last year, the business earned $0.91 EPS. On average, analysts anticipate that Camden Property Trust will post $4.62 EPS for the current fiscal year.

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In other Camden Property Trust news, Director William B. Mcguire sold 2,124 shares of the company’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $81.76, for a total transaction of $173,658.24. Following the completion of the transaction, the director now directly owns 2,015 shares in the company, valued at $164,746.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO H Malcolm Stewart sold 11,122 shares of the company’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $89.63, for a total transaction of $996,864.86. Following the transaction, the chief operating officer now owns 252,526 shares of the company’s stock, valued at $22,633,905.38. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of CPT. Oakbrook Investments LLC boosted its position in Camden Property Trust by 10.2% in the second quarter. Oakbrook Investments LLC now owns 4,308 shares of the real estate investment trust’s stock worth $381,000 after buying an additional 400 shares in the last quarter. Shinko Asset Management Co. Ltd. boosted its position in Camden Property Trust by 13.8% in the second quarter. Shinko Asset Management Co. Ltd. now owns 2,521,874 shares of the real estate investment trust’s stock worth $222,984,000 after buying an additional 305,303 shares in the last quarter. LS Investment Advisors LLC boosted its position in Camden Property Trust by 21.2% in the second quarter. LS Investment Advisors LLC now owns 10,136 shares of the real estate investment trust’s stock worth $896,000 after buying an additional 1,773 shares in the last quarter. Eagle Asset Management Inc. boosted its position in Camden Property Trust by 3.1% in the second quarter. Eagle Asset Management Inc. now owns 990,060 shares of the real estate investment trust’s stock worth $87,541,000 after buying an additional 29,318 shares in the last quarter. Finally, Capstone Asset Management Co. boosted its position in Camden Property Trust by 9.6% in the second quarter. Capstone Asset Management Co. now owns 8,005 shares of the real estate investment trust’s stock worth $708,000 after buying an additional 700 shares in the last quarter. Institutional investors own 96.55% of the company’s stock.

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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