Camden Property Trust (NYSE:CPT) Given New $111.00 Price Target at Mizuho

Camden Property Trust (NYSE:CPT) had its price target boosted by research analysts at Mizuho from $99.00 to $111.00 in a report released on Monday, Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Mizuho’s target price would indicate a potential upside of 5.63% from the company’s current price.

CPT has been the subject of several other research reports. Royal Bank of Canada reissued an “outperform” rating and set a $103.00 price objective on shares of Camden Property Trust in a report on Monday, February 5th. Truist Financial upped their price target on shares of Camden Property Trust from $113.00 to $114.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. StockNews.com raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Camden Property Trust in a report on Tuesday, January 30th. They issued a “hold” rating and a $90.00 target price on the stock. Finally, The Goldman Sachs Group began coverage on shares of Camden Property Trust in a research note on Thursday, February 22nd. They set a “buy” rating and a $112.00 target price for the company. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Camden Property Trust presently has a consensus rating of “Hold” and a consensus target price of $106.18.

Camden Property Trust Stock Performance

Shares of CPT opened at $105.08 on Monday. Camden Property Trust has a 52-week low of $82.81 and a 52-week high of $114.04. The stock has a market capitalization of $11.44 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 3.94 and a beta of 0.82. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.88 and a current ratio of 0.43. The stock’s 50-day simple moving average is $97.89 and its 200 day simple moving average is $95.31.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.31. Camden Property Trust had a net margin of 28.78% and a return on equity of 8.92%. The business had revenue of $387.59 million for the quarter, compared to analyst estimates of $387.33 million. During the same quarter in the prior year, the firm posted $1.74 EPS. Camden Property Trust’s revenue was up 3.1% on a year-over-year basis. Research analysts forecast that Camden Property Trust will post 6.72 EPS for the current fiscal year.

Institutional Trading of Camden Property Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPT. Lindbrook Capital LLC boosted its position in shares of Camden Property Trust by 90.4% during the first quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 132 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Camden Property Trust by 60.8% during the 3rd quarter. Parkside Financial Bank & Trust now owns 381 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 144 shares during the last quarter. Tobam boosted its holdings in Camden Property Trust by 4,166.7% during the 4th quarter. Tobam now owns 384 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 375 shares during the period. EverSource Wealth Advisors LLC grew its position in Camden Property Trust by 23.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 119 shares during the last quarter. Finally, Quarry LP increased its stake in Camden Property Trust by 1,081.5% in the fourth quarter. Quarry LP now owns 638 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 584 shares during the period. 97.22% of the stock is owned by hedge funds and other institutional investors.

About Camden Property Trust

Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,634 apartment homes across the United States.