Camden Property Trust (NYSE:CPT) Raised to “Hold” at StockNews.com

Camden Property Trust (NYSE:CPT) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Tuesday.

A number of other brokerages have also weighed in on CPT. Morgan Stanley increased their target price on Camden Property Trust from $95.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Monday, February 26th. Deutsche Bank Aktiengesellschaft started coverage on Camden Property Trust in a research note on Tuesday, January 30th. They set a “hold” rating and a $90.00 target price on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $103.00 target price on shares of Camden Property Trust in a research note on Monday, February 5th. Mizuho lowered their target price on Camden Property Trust from $103.00 to $99.00 and set a “buy” rating on the stock in a research note on Wednesday, February 28th. Finally, Wedbush reiterated an “outperform” rating and set a $110.00 target price on shares of Camden Property Trust in a research note on Monday. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Camden Property Trust presently has an average rating of “Hold” and a consensus price target of $104.29.

Camden Property Trust Trading Down 0.6 %

NYSE:CPT traded down $0.60 on Tuesday, reaching $99.68. The company’s stock had a trading volume of 949,739 shares, compared to its average volume of 1,095,763. Camden Property Trust has a 1-year low of $82.81 and a 1-year high of $114.04. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $10.85 billion, a PE ratio of 26.94, a PEG ratio of 3.74 and a beta of 0.83. The business’s 50-day moving average price is $97.51 and its two-hundred day moving average price is $95.21.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.31. The company had revenue of $387.59 million during the quarter, compared to analysts’ expectations of $387.33 million. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. Camden Property Trust’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.74 earnings per share. Equities research analysts anticipate that Camden Property Trust will post 6.72 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Camden Property Trust

Hedge funds have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC boosted its stake in shares of Camden Property Trust by 90.4% in the 1st quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 132 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Camden Property Trust by 60.8% in the third quarter. Parkside Financial Bank & Trust now owns 381 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 144 shares in the last quarter. Tobam grew its holdings in shares of Camden Property Trust by 4,166.7% in the fourth quarter. Tobam now owns 384 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 375 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Camden Property Trust by 23.0% in the fourth 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 in the last quarter. Finally, Quarry LP grew its holdings in shares of 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 valued at $63,000 after acquiring an additional 584 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

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.