Shares of Camden Property Trust (NYSE:CPT) have earned a consensus rating of “Buy” from the twenty-one ratings firms that are presently covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $110.86.

CPT has been the subject of several recent research reports. SunTrust Banks lowered their price objective on Camden Property Trust from $104.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Citigroup lowered their price objective on Camden Property Trust from $115.00 to $80.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Cfra lowered their price objective on Camden Property Trust from $127.00 to $103.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Zelman & Associates raised Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, March 25th. Finally, Deutsche Bank lowered their price objective on Camden Property Trust from $125.00 to $101.00 and set a “buy” rating for the company in a research report on Thursday, April 16th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPT. Norges Bank bought a new stake in Camden Property Trust in the 4th quarter worth about $95,021,000. Capital World Investors increased its holdings in Camden Property Trust by 39.0% in the 1st quarter. Capital World Investors now owns 2,580,285 shares of the real estate investment trust’s stock worth $204,462,000 after buying an additional 724,500 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Camden Property Trust by 100.1% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,133,942 shares of the real estate investment trust’s stock worth $89,854,000 after buying an additional 567,370 shares in the last quarter. First Trust Advisors LP increased its holdings in Camden Property Trust by 1,041.0% in the 1st quarter. First Trust Advisors LP now owns 556,419 shares of the real estate investment trust’s stock worth $44,091,000 after buying an additional 507,653 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Camden Property Trust by 102.1% in the 1st quarter. JPMorgan Chase & Co. now owns 943,704 shares of the real estate investment trust’s stock worth $74,779,000 after buying an additional 476,774 shares in the last quarter. Institutional investors own 90.03% of the company’s stock.

Shares of CPT stock opened at $83.80 on Thursday. The stock has a fifty day moving average of $83.62 and a 200 day moving average of $102.07. Camden Property Trust has a 52 week low of $62.48 and a 52 week high of $120.73. The firm has a market capitalization of $8.23 billion, a price-to-earnings ratio of 37.24, a PEG ratio of 3.70 and a beta of 0.78. The company has a quick ratio of 0.22, a current ratio of 0.25 and a debt-to-equity ratio of 0.71.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $0.43 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.88). The firm had revenue of $266.00 million for the quarter, compared to analysts’ expectations of $265.34 million. Camden Property Trust had a net margin of 21.45% and a return on equity of 6.10%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.22 EPS. Equities research analysts anticipate that Camden Property Trust will post 5.09 earnings per share for the current year.

About Camden Property Trust

Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 161 properties containing 55,160 apartment homes across the United States.

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Analyst Recommendations for Camden Property Trust (NYSE:CPT)

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