Royal Bank of Canada reaffirmed their buy rating on shares of Camden Property Trust (NYSE:CPT) in a research note published on Friday, May 5th.

Other equities analysts have also recently issued reports about the stock. Goldman Sachs Group Inc raised shares of Camden Property Trust from a neutral rating to a buy rating and raised their price target for the stock from $84.00 to $94.00 in a research note on Friday, March 10th. BTIG Research raised shares of Camden Property Trust from a neutral rating to a buy rating and set a $90.00 target price for the company in a research note on Monday, April 24th. Barclays PLC reissued an equal weight rating and issued a $85.00 target price (up from $84.00) on shares of Camden Property Trust in a research note on Wednesday, April 19th. BMO Capital Markets set a $81.00 target price on shares of Camden Property Trust and gave the company a hold rating in a research note on Thursday, May 4th. Finally, Evercore ISI raised their target price on shares of Camden Property Trust from $87.00 to $88.00 and gave the company an in-line rating in a research note on Wednesday, April 19th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of $87.29.

Camden Property Trust (NYSE:CPT) traded down 0.64% during trading on Friday, hitting $81.69. The stock had a trading volume of 33,176 shares. The company has a market cap of $7.16 billion, a price-to-earnings ratio of 9.11 and a beta of 0.39. Camden Property Trust has a 52-week low of $75.36 and a 52-week high of $90.91. The firm’s 50-day moving average price is $81.82 and its 200-day moving average price is $81.46.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, May 4th. The real estate investment trust reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.10 by $0.01. The business had revenue of $219.50 million for the quarter, compared to the consensus estimate of $218.19 million. Camden Property Trust had a return on equity of 14.23% and a net margin of 93.54%. Camden Property Trust’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.20 earnings per share. Analysts predict that Camden Property Trust will post $1.82 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Camden Property Trust (CPT) Rating Reiterated by Royal Bank of Canada” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another site, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/05/19/camden-property-trust-cpt-stock-rating-reaffirmed-by-royal-bank-of-canada-updated.html.

In other news, Director F Gardner Parker sold 741 shares of Camden Property Trust stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $81.03, for a total transaction of $60,043.23. Following the completion of the sale, the director now owns 12,074 shares of the company’s stock, valued at $978,356.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William W. Sengelmann sold 16,118 shares of Camden Property Trust stock in a transaction on Monday, February 27th. The stock was sold at an average price of $84.79, for a total value of $1,366,645.22. Following the sale, the executive vice president now directly owns 72,294 shares of the company’s stock, valued at approximately $6,129,808.26. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Henderson Group PLC increased its position in Camden Property Trust by 43.3% in the third quarter. Henderson Group PLC now owns 7,309 shares of the real estate investment trust’s stock worth $612,000 after buying an additional 2,208 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Camden Property Trust by 2.1% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 26,875 shares of the real estate investment trust’s stock worth $2,251,000 after buying an additional 546 shares during the period. First Citizens Bank & Trust Co. increased its position in Camden Property Trust by 1.4% in the third quarter. First Citizens Bank & Trust Co. now owns 4,727 shares of the real estate investment trust’s stock worth $396,000 after buying an additional 63 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its position in Camden Property Trust by 14.5% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 212,352 shares of the real estate investment trust’s stock worth $17,782,000 after buying an additional 26,922 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in Camden Property Trust by 200.1% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 27,500 shares of the real estate investment trust’s stock worth $702,000 after buying an additional 18,335 shares during the period.

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. As of December 31, 2016, the Company owned interests in, operated, or were developing 159 multifamily properties, which consisted of 55,366 apartment homes across the United States.

5 Day Chart for NYSE:CPT

Receive News & Stock Ratings for Camden Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camden Property Trust and related stocks with our FREE daily email newsletter.