Piper Sandler Upgrades Camden Property Trust (NYSE:CPT) to “Neutral”

Piper Sandler upgraded shares of Camden Property Trust (NYSE:CPT) from an underweight rating to a neutral rating in a report released on Monday, Marketbeat Ratings reports. They currently have $110.00 target price on the real estate investment trust’s stock, up from their prior target price of $90.00.

A number of other equities research analysts have also recently issued reports on the stock. Royal Bank of Canada reiterated an outperform rating and issued a $103.00 price objective on shares of Camden Property Trust in a report on Monday, February 5th. The Goldman Sachs Group assumed coverage on Camden Property Trust in a report on Thursday, February 22nd. They issued a buy rating and a $112.00 target price for the company. Barclays downgraded Camden Property Trust from an overweight rating to an equal weight rating and lowered their price target for the company from $138.00 to $100.00 in a report on Tuesday, February 20th. Wedbush restated an outperform rating and issued a $110.00 price objective on shares of Camden Property Trust in a research note on Monday, April 29th. Finally, Morgan Stanley raised their target price on shares of Camden Property Trust from $95.00 to $98.00 and gave the company an equal weight rating in a research note on Monday, February 26th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $107.06.

Camden Property Trust Trading Up 2.6 %

NYSE CPT opened at $106.83 on Monday. The company has a current ratio of 0.43, a quick ratio of 0.88 and a debt-to-equity ratio of 0.71. Camden Property Trust has a 1-year low of $82.81 and a 1-year high of $114.04. The firm’s fifty day simple moving average is $98.87 and its 200-day simple moving average is $95.63. The company has a market capitalization of $11.63 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 3.94 and a beta of 0.82.

Hedge Funds Weigh In On Camden Property Trust

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

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.