Camden Property Trust (NYSE:CPT) Given New $107.00 Price Target at Morgan Stanley

Camden Property Trust (NYSE:CPT) had its target price decreased by research analysts at Morgan Stanley from $118.00 to $107.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the real estate investment trust’s stock. Morgan Stanley‘s target price points to a potential upside of 8.45% from the company’s current price.

CPT has been the topic of a number of other research reports. Wall Street Zen raised Camden Property Trust from a “strong sell” rating to a “sell” rating in a research report on Saturday. Mizuho cut their price target on shares of Camden Property Trust from $125.00 to $116.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 8th. Stifel Nicolaus set a $123.25 price target on shares of Camden Property Trust in a research report on Friday, July 31st. Piper Sandler reduced their price target on shares of Camden Property Trust from $119.00 to $102.00 and set a “neutral” rating on the stock in a research report on Monday, October 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $114.00 price objective on shares of Camden Property Trust in a research note on Monday, July 20th. Three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Camden Property Trust has a consensus rating of “Hold” and an average price target of $110.62.

Camden Property Trust Trading Down 1.2%

Shares of Camden Property Trust stock traded down $1.22 during trading hours on Wednesday, hitting $98.67. The company’s stock had a trading volume of 309,667 shares, compared to its average volume of 1,120,379. The firm has a fifty day moving average of $100.30 and a 200-day moving average of $105.76. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.18 and a current ratio of 1.82. The stock has a market cap of $9.87 billion, a price-to-earnings ratio of 9.20, a P/E/G ratio of 7.46 and a beta of 0.75. Camden Property Trust has a twelve month low of $95.30 and a twelve month high of $119.81.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, November 5th. The real estate investment trust reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.02. Camden Property Trust had a net margin of 71.94% and a return on equity of 26.22%. The company had revenue of $381.06 million during the quarter, compared to analyst estimates of $384.88 million. During the same quarter last year, the firm posted $1.70 earnings per share. Camden Property Trust’s revenue was down 3.7% compared to the same quarter last year. Research analysts forecast that Camden Property Trust will post 6.76 EPS for the current year.

Institutional Trading of Camden Property Trust

Several large investors have recently bought and sold shares of CPT. Aew Capital Management Inc. purchased a new stake in shares of Camden Property Trust in the third quarter valued at about $85,702,000. Russell Investments Group Ltd. lifted its holdings in Camden Property Trust by 120.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,463,966 shares of the real estate investment trust’s stock valued at $141,609,000 after purchasing an additional 800,168 shares in the last quarter. Retirement Systems of Alabama boosted its stake in shares of Camden Property Trust by 906.2% during the 3rd quarter. Retirement Systems of Alabama now owns 792,717 shares of the real estate investment trust’s stock worth $76,680,000 after purchasing an additional 713,933 shares during the last quarter. Danske Bank A S boosted its position in Camden Property Trust by 626,941.0% during the third quarter. Danske Bank A S now owns 627,041 shares of the real estate investment trust’s stock worth $60,654,000 after acquiring an additional 626,941 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in Camden Property Trust by 100.2% in the 1st quarter. Jennison Associates LLC now owns 1,206,854 shares of the real estate investment trust’s stock worth $117,861,000 after acquiring an additional 603,997 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Company Profile

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.