Camden Property Trust (NYSE:CPT) Stock Price Target Lowered at Cantor Fitzgerald

Camden Property Trust (NYSE:CPT) had its price objective reduced by investment analysts at Cantor Fitzgerald from $111.00 to $101.00 in a report released on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Cantor Fitzgerald‘s target price indicates a potential upside of 1.17% from the company’s previous close.

A number of other research firms have also recently commented on CPT. Barclays decreased their price target on Camden Property Trust from $123.00 to $114.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 14th. Jefferies Financial Group raised Camden Property Trust to a “hold” rating in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $114.00 price objective on shares of Camden Property Trust in a report on Monday, July 20th. Scotiabank decreased their target price on Camden Property Trust from $109.00 to $102.00 and set a “sector underperform” rating on the stock in a research note on Thursday, September 17th. Finally, Morgan Stanley lowered their target price on Camden Property Trust from $120.00 to $118.00 and set an “equal weight” rating for the company in a report on Wednesday, August 12th. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $110.95.

Camden Property Trust Price Performance

Camden Property Trust stock opened at $99.83 on Monday. The company’s 50 day simple moving average is $100.55 and its 200-day simple moving average is $105.83. The company has a market capitalization of $10.04 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 7.40 and a beta of 0.75. Camden Property Trust has a 1 year low of $95.30 and a 1 year high of $119.81. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.18 and a current ratio of 1.82.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, November 5th. The real estate investment trust reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.02. The firm had revenue of $381.06 million during the quarter, compared to analysts’ expectations of $384.88 million. Camden Property Trust had a net margin of 71.94% and a return on equity of 26.22%. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the company posted $1.70 EPS. As a group, equities research analysts expect that Camden Property Trust will post 6.75 earnings per share for the current year.

Hedge Funds Weigh In On Camden Property Trust

Several hedge funds have recently made changes to their positions in CPT. Squarepoint Ops LLC lifted its holdings in shares of Camden Property Trust by 3,804.2% in the 2nd quarter. Squarepoint Ops LLC now owns 107,327 shares of the real estate investment trust’s stock valued at $12,288,000 after purchasing an additional 104,578 shares during the last quarter. IFP Advisors Inc grew its stake in Camden Property Trust by 80,855.8% during the 3rd quarter. IFP Advisors Inc now owns 62,336 shares of the real estate investment trust’s stock worth $6,030,000 after buying an additional 62,259 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in Camden Property Trust by 908.5% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 51,758 shares of the real estate investment trust’s stock worth $5,007,000 after buying an additional 46,626 shares during the last quarter. Sterling Capital Management LLC grew its stake in Camden Property Trust by 907.5% during the 3rd quarter. Sterling Capital Management LLC now owns 29,862 shares of the real estate investment trust’s stock worth $2,889,000 after buying an additional 26,898 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its position in Camden Property Trust by 4,821.7% during the third quarter. Evergreen Capital Management LLC now owns 171,914 shares of the real estate investment trust’s stock worth $16,629,000 after buying an additional 168,421 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

About Camden Property Trust

Camden Property Trust is a real estate investment trust that owns, develops, acquires and manages apartment communities. Its residential properties serve renters in markets across the United States, with a focus on major metropolitan areas.

Founded in 1982 and headquartered in Houston, Texas, Camden has grown into a multifamily housing operator. Its services include leasing apartments and managing the day-to-day operations of its communities.