Camden Property Trust (NYSE:CPT)‘s stock had its “hold” rating reissued by stock analysts at SunTrust Banks, Inc. in a report issued on Wednesday. They currently have a $93.00 price objective on the real estate investment trust’s stock. SunTrust Banks, Inc.’s target price indicates a potential upside of 2.10% from the company’s current price. SunTrust Banks also issued estimates for Camden Property Trust’s Q3 2017 earnings at $1.13 EPS and FY2018 earnings at $4.95 EPS.

A number of other research firms also recently issued reports on CPT. Royal Bank Of Canada reaffirmed a “buy” rating and set a $91.00 price target on shares of Camden Property Trust in a research note on Sunday, July 16th. BMO Capital Markets reissued a “buy” rating and issued a $95.00 price objective on shares of Camden Property Trust in a research note on Friday, September 8th. Sandler O’Neill raised shares of Camden Property Trust from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $93.00 to $105.00 in a research note on Tuesday, September 5th. Stifel Nicolaus began coverage on shares of Camden Property Trust in a report on Friday, September 1st. They issued a “buy” rating and a $99.00 target price on the stock. Finally, Barclays PLC boosted their target price on shares of Camden Property Trust from $85.00 to $86.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. Camden Property Trust presently has a consensus rating of “Hold” and a consensus price target of $91.94.

Shares of Camden Property Trust (CPT) traded up 1.27% during midday trading on Wednesday, reaching $92.25. The company had a trading volume of 670,631 shares. Camden Property Trust has a 52 week low of $75.36 and a 52 week high of $96.39. The stock has a 50-day moving average of $91.68 and a 200 day moving average of $86.48. The firm has a market capitalization of $8.09 billion, a price-to-earnings ratio of 20.64 and a beta of 0.41.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. Camden Property Trust had a return on equity of 13.17% and a net margin of 46.10%. The firm had revenue of $222.40 million during the quarter, compared to the consensus estimate of $222.44 million. During the same period in the prior year, the company earned $1.15 EPS. The company’s quarterly revenue was up .4% compared to the same quarter last year. On average, analysts anticipate that Camden Property Trust will post $1.73 earnings per share for the current year.

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In other news, EVP William W. Sengelmann sold 763 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $89.76, for a total transaction of $68,486.88. Following the completion of the sale, the executive vice president now directly owns 71,836 shares of the company’s stock, valued at $6,447,999.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William W. Sengelmann sold 5,085 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $90.15, for a total transaction of $458,412.75. Following the sale, the executive vice president now directly owns 71,836 shares of the company’s stock, valued at $6,476,015.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 118,584 shares of company stock worth $10,618,035. Insiders own 4.70% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of CPT. UBS Asset Management Americas Inc. increased its stake in Camden Property Trust by 26.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 402,220 shares of the real estate investment trust’s stock worth $32,363,000 after buying an additional 83,478 shares during the period. Karp Capital Management Corp bought a new stake in Camden Property Trust during the 1st quarter valued at about $1,217,000. Parametric Portfolio Associates LLC lifted its holdings in Camden Property Trust by 7.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 104,315 shares of the real estate investment trust’s stock valued at $8,393,000 after buying an additional 7,138 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Camden Property Trust by 14.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 3,655 shares of the real estate investment trust’s stock valued at $294,000 after buying an additional 471 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in Camden Property Trust by 9.3% in the 1st quarter. Stifel Financial Corp now owns 22,975 shares of the real estate investment trust’s stock valued at $1,851,000 after buying an additional 1,962 shares during the period. Hedge funds and other institutional investors own 90.58% of the company’s stock.

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.

Analyst Recommendations for Camden Property Trust (NYSE:CPT)

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