Camden Property Trust (NYSE:CPT) has been given a $81.00 price objective by equities researchers at Mizuho in a research report issued on Friday. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Mizuho’s target price would suggest a potential upside of 0.31% from the company’s previous close.
A number of other equities research analysts have also recently commented on CPT. BMO Capital Markets reissued a “buy” rating and set a $97.00 target price on shares of Camden Property Trust in a research report on Monday, November 27th. JPMorgan Chase & Co. raised shares of Camden Property Trust from a “neutral” rating to an “overweight” rating and set a $100.00 target price for the company in a research report on Friday, December 15th. Robert W. Baird restated a “hold” rating and set a $93.00 price target on shares of Camden Property Trust in a research note on Tuesday, January 9th. Zacks Investment Research lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Finally, TheStreet lowered shares of Camden Property Trust from a “b” rating to a “c+” rating in a research note on Thursday, January 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $91.60.
Shares of Camden Property Trust (CPT) opened at $80.75 on Friday. Camden Property Trust has a 52-week low of $78.38 and a 52-week high of $96.39. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.94 and a current ratio of 2.24. The company has a market cap of $7,649.14, a P/E ratio of 38.45, a P/E/G ratio of 3.06 and a beta of 0.34.
In other news, Director Kelvin R. Westbrook sold 425 shares of the stock in a transaction on Friday, January 5th. The shares were sold at an average price of $88.42, for a total value of $37,578.50. Following the sale, the director now owns 20,477 shares in the company, valued at $1,810,576.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Richard J. Campo sold 379 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $94.44, for a total transaction of $35,792.76. Following the completion of the sale, the chairman now owns 338,519 shares in the company, valued at approximately $31,969,734.36. The disclosure for this sale can be found here. Insiders have sold a total of 126,297 shares of company stock worth $11,635,108 in the last 90 days. 4.70% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Camden Property Trust by 8.5% in the fourth quarter. BlackRock Inc. now owns 11,940,510 shares of the real estate investment trust’s stock worth $1,099,242,000 after acquiring an additional 939,465 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Camden Property Trust by 27.2% in the third quarter. JPMorgan Chase & Co. now owns 3,636,486 shares of the real estate investment trust’s stock worth $332,848,000 after acquiring an additional 778,543 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Camden Property Trust by 19.7% in the fourth quarter. Bank of New York Mellon Corp now owns 2,830,744 shares of the real estate investment trust’s stock worth $260,599,000 after acquiring an additional 465,697 shares during the period. Cohen & Steers Inc. acquired a new stake in shares of Camden Property Trust in the third quarter worth $193,833,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Camden Property Trust by 3.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,254,640 shares of the real estate investment trust’s stock worth $114,737,000 after acquiring an additional 45,846 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.
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Camden Property Trust Company Profile
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.
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