Camden Property Trust (NYSE:CPT) Receives New Coverage from Analysts at The Goldman Sachs Group

Equities research analysts at The Goldman Sachs Group started coverage on shares of Camden Property Trust (NYSE:CPT) in a note issued to investors on Wednesday, Marketbeat reports. The firm set a “neutral” rating and a $139.00 price target on the real estate investment trust’s stock. The Goldman Sachs Group’s target price would suggest a potential upside of 9.79% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. increased their target price on shares of Camden Property Trust from $104.00 to $112.00 and gave the stock a “neutral” rating in a research note on Monday, June 17th. Mizuho decreased their price objective on Camden Property Trust from $111.00 to $108.00 and set a “buy” rating for the company in a research report on Thursday, May 30th. Wells Fargo & Company upgraded Camden Property Trust from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $104.00 to $127.00 in a research note on Monday, August 26th. Evercore ISI upped their price objective on shares of Camden Property Trust from $110.00 to $115.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 28th. Finally, Royal Bank of Canada lifted their target price on shares of Camden Property Trust from $114.00 to $122.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $118.21.

Camden Property Trust Trading Up 1.1 %

NYSE:CPT opened at $126.60 on Wednesday. The company has a market capitalization of $13.49 billion, a PE ratio of 31.03, a P/E/G ratio of 4.71 and a beta of 0.88. Camden Property Trust has a 52-week low of $82.81 and a 52-week high of $127.23. The stock’s 50 day moving average price is $115.31 and its 200 day moving average price is $106.11. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.72.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.27). Camden Property Trust had a return on equity of 7.98% and a net margin of 25.64%. The business had revenue of $387.15 million for the quarter, compared to analysts’ expectations of $384.76 million. During the same quarter last year, the business posted $1.70 earnings per share. On average, research analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.

Institutional Trading of Camden Property Trust

Large investors have recently modified their holdings of the business. Lindbrook Capital LLC raised its position in shares of Camden Property Trust by 90.4% during the 1st quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 132 shares during the last quarter. Kings Path Partners LLC acquired a new position in shares of Camden Property Trust in the second quarter worth $33,000. Federated Hermes Inc. purchased a new stake in shares of Camden Property Trust in the second quarter valued at $33,000. Family Firm Inc. acquired a new stake in shares of Camden Property Trust during the second quarter valued at $39,000. Finally, Versant Capital Management Inc increased its position in Camden Property Trust by 2,187.5% during the 2nd quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 350 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Company Profile

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.