Evercore ISI Forecasts Strong Price Appreciation for Camden Property Trust (NYSE:CPT) Stock

Camden Property Trust (NYSE:CPT) had its target price lifted by investment analysts at Evercore ISI from $118.00 to $127.00 in a report issued on Monday,Benzinga reports. The firm presently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s target price suggests a potential upside of 7.09% from the stock’s previous close.

A number of other brokerages also recently issued reports on CPT. Barclays cut their price objective on Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Stifel Nicolaus increased their price objective on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a research note on Friday. Mizuho lowered their target price on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Wells Fargo & Company cut their price target on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Finally, StockNews.com lowered Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $126.03.

Camden Property Trust Stock Down 0.5 %

Shares of CPT stock traded down $0.57 during mid-day trading on Monday, hitting $118.59. The company’s stock had a trading volume of 132,199 shares, compared to its average volume of 845,566. The stock has a market cap of $12.65 billion, a price-to-earnings ratio of 79.07, a PEG ratio of 4.27 and a beta of 0.94. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. Camden Property Trust has a 52-week low of $90.50 and a 52-week high of $127.69. The business has a 50-day moving average price of $115.51 and a 200 day moving average price of $118.97.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.32% and a net margin of 10.58%. Research analysts predict that Camden Property Trust will post 6.8 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Alexander J. Jessett sold 1,862 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $204,931.72. Following the transaction, the chief financial officer now directly owns 122,384 shares in the company, valued at approximately $13,469,583.04. This trade represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Heather J. Brunner sold 264 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $29,055.84. Following the sale, the director now owns 10,273 shares of the company’s stock, valued at approximately $1,130,646.38. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,413 shares of company stock worth $2,895,718 over the last quarter. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Camden Property Trust

Institutional investors and hedge funds have recently modified their holdings of the company. National Pension Service acquired a new position in Camden Property Trust in the 4th quarter worth approximately $26,000. UMB Bank n.a. boosted its holdings in shares of Camden Property Trust by 76.6% in the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 98 shares during the last quarter. Quent Capital LLC increased its stake in shares of Camden Property Trust by 87.0% in the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 114 shares during the period. IAG Wealth Partners LLC purchased a new position in shares of Camden Property Trust during the fourth quarter worth $29,000. Finally, Neo Ivy Capital Management acquired a new position in Camden Property Trust during the third quarter valued at $38,000. 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 58,250 apartment homes across the United States.