Investment analysts at Goldman Sachs Group started coverage on shares of Camden Property Trust (NYSE:CPT) in a report released on Friday, Marketbeat Ratings reports. The firm set a “buy” rating and a $124.00 price target on the real estate investment trust’s stock. Goldman Sachs Group’s target price would indicate a potential upside of 12.60% from the stock’s previous close.
A number of other equities analysts have also issued reports on CPT. Bank of America lowered shares of Camden Property Trust from a “buy” rating to a “neutral” rating and set a $118.00 target price on the stock. in a research report on Thursday. Citigroup raised their target price on shares of Camden Property Trust from $100.00 to $109.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. DA Davidson lowered shares of Camden Property Trust from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 23rd. KeyCorp raised their target price on shares of Camden Property Trust from $112.00 to $117.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, Zelman & Associates upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Monday, August 12th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $112.29.
Shares of CPT traded down $0.15 during mid-day trading on Friday, reaching $110.12. 326,227 shares of the company’s stock were exchanged, compared to its average volume of 489,332. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.76 and a quick ratio of 0.94. The stock has a market capitalization of $10.85 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 3.22 and a beta of 0.39. The business’s fifty day simple moving average is $112.64 and its 200-day simple moving average is $107.13. Camden Property Trust has a 52-week low of $83.67 and a 52-week high of $116.67.
Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, October 31st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.84). The business had revenue of $260.67 million for the quarter, compared to analysts’ expectations of $259.56 million. Camden Property Trust had a return on equity of 4.53% and a net margin of 16.22%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $1.20 earnings per share. Equities research analysts predict that Camden Property Trust will post 5.02 earnings per share for the current year.
A number of large investors have recently bought and sold shares of CPT. Steward Partners Investment Advisory LLC purchased a new stake in shares of Camden Property Trust during the 2nd quarter worth $26,000. HM Payson & Co. purchased a new stake in shares of Camden Property Trust during the 2nd quarter worth $49,000. Capital Investment Advisory Services LLC purchased a new stake in shares of Camden Property Trust during the 3rd quarter worth $56,000. Machina Capital S.A.S. purchased a new stake in shares of Camden Property Trust during the 2nd quarter worth $62,000. Finally, NEXT Financial Group Inc boosted its position in shares of Camden Property Trust by 15.4% during the 2nd quarter. NEXT Financial Group Inc now owns 898 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 93.56% of the company’s stock.
Camden Property Trust Company Profile
Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 161 properties containing 55,160 apartment homes across the United States.
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