Camden Property Trust (NYSE:CPT) Given a $137.00 Price Target by Barclays Analysts

Camden Property Trust (NYSE:CPT) received a $137.00 target price from equities researchers at Barclays in a research note issued to investors on Tuesday, MarketBeat reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Barclays‘s target price indicates a potential upside of 21.00% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Citigroup raised shares of Camden Property Trust from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $125.00 to $138.00 in a research note on Friday, March 28th. Truist Financial set a $131.00 price target on shares of Camden Property Trust and gave the stock a “buy” rating in a research note on Monday, May 19th. JPMorgan Chase & Co. boosted their target price on shares of Camden Property Trust from $127.00 to $129.00 and gave the stock an “underweight” rating in a research report on Tuesday, June 17th. Wall Street Zen downgraded shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th. Finally, Scotiabank dropped their target price on shares of Camden Property Trust from $144.00 to $136.00 and set a “sector perform” rating for the company in a research report on Friday, June 13th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $129.28.

Camden Property Trust Stock Up 0.7%

Camden Property Trust stock traded up $0.75 during midday trading on Tuesday, hitting $113.23. 13,665 shares of the stock were exchanged, compared to its average volume of 947,741. Camden Property Trust has a 1 year low of $102.35 and a 1 year high of $127.69. The firm has a market cap of $12.10 billion, a P/E ratio of 104.04, a P/E/G ratio of 3.78 and a beta of 0.77. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.19 and a quick ratio of 0.19. The company has a 50 day moving average price of $115.74 and a two-hundred day moving average price of $116.01.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.04. Camden Property Trust had a net margin of 7.62% and a return on equity of 2.47%. The firm had revenue of $390.57 million for the quarter, compared to the consensus estimate of $388.47 million. During the same quarter in the previous year, the firm posted $1.70 EPS. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. On average, sell-side analysts predict that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Insider Transactions at Camden Property Trust

In related news, Director Steven A. Webster sold 1,200 shares of the business’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $118.76, for a total transaction of $142,512.00. Following the completion of the sale, the director owned 117,374 shares of the company’s stock, valued at $13,939,336.24. This represents a 1.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard J. Campo sold 5,572 shares of the business’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $119.50, for a total transaction of $665,854.00. Following the sale, the chief executive officer directly owned 289,720 shares of the company’s stock, valued at approximately $34,621,540. This represents a 1.89% decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Camden Property Trust

A number of institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio grew its position in shares of Camden Property Trust by 1.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 189,691 shares of the real estate investment trust’s stock valued at $21,376,000 after buying an additional 3,155 shares during the last quarter. Fifth Third Bancorp boosted its stake in Camden Property Trust by 3.0% during the 2nd quarter. Fifth Third Bancorp now owns 5,331 shares of the real estate investment trust’s stock valued at $601,000 after purchasing an additional 154 shares during the period. Gries Financial LLC acquired a new position in Camden Property Trust during the 2nd quarter valued at about $1,579,000. GAMMA Investing LLC boosted its stake in Camden Property Trust by 28.3% during the 2nd quarter. GAMMA Investing LLC now owns 4,233 shares of the real estate investment trust’s stock valued at $477,000 after purchasing an additional 933 shares during the period. Finally, U.S. Capital Wealth Advisors LLC boosted its stake in Camden Property Trust by 11.7% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 69,708 shares of the real estate investment trust’s stock valued at $7,855,000 after purchasing an additional 7,275 shares during the period. Institutional investors 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 58,250 apartment homes across the United States.