Camden Property Trust (CPT) Rating Reiterated by Robert W. Baird

Camden Property Trust (NYSE:CPT)‘s stock had its “hold” rating reaffirmed by Robert W. Baird in a research note issued on Tuesday. They currently have a $93.00 price objective on the real estate investment trust’s stock. Robert W. Baird’s target price would indicate a potential upside of 8.71% from the company’s previous close.

Several other equities research analysts also recently weighed in on CPT. Mizuho reissued a “hold” rating and issued a $90.00 target price on shares of Camden Property Trust in a research note on Sunday, October 15th. SunTrust Banks reissued a “hold” rating and issued a $93.00 target price on shares of Camden Property Trust in a research note on Wednesday, October 4th. BMO Capital Markets reissued a “buy” rating and issued a $97.00 target price on shares of Camden Property Trust in a research note on Monday, November 27th. KeyCorp increased their target price on shares of Camden Property Trust from $93.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, September 15th. Finally, UBS Group reaffirmed a “sell” rating and issued a $86.00 price target (up previously from $80.00) on shares of Camden Property Trust in a research note on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $93.67.

Shares of Camden Property Trust (NYSE:CPT) traded down $1.06 on Tuesday, hitting $85.55. 394,306 shares of the stock traded hands, compared to its average volume of 523,988. Camden Property Trust has a 1-year low of $78.38 and a 1-year high of $96.39. The stock has a market capitalization of $8,030.00, a P/E ratio of 52.16, a P/E/G ratio of 3.42 and a beta of 0.42. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.64.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, October 26th. The real estate investment trust reported $1.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.03). Camden Property Trust had a net margin of 16.81% and a return on equity of 4.71%. The firm had revenue of $228.18 million during the quarter, compared to analysts’ expectations of $226.41 million. During the same period in the prior year, the company posted $1.13 EPS. The company’s revenue was up 3.6% compared to the same quarter last year. sell-side analysts forecast that Camden Property Trust will post 4.53 EPS for the current year.

In other Camden Property Trust news, Chairman Richard J. Campo sold 379 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $94.44, for a total transaction of $35,792.76. Following the transaction, the chairman now directly owns 338,519 shares in the company, valued at approximately $31,969,734.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kelvin R. Westbrook sold 425 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $88.42, for a total transaction of $37,578.50. Following the transaction, the director now owns 20,477 shares in the company, valued at $1,810,576.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 126,297 shares of company stock worth $11,635,108. 4.70% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. YorkBridge Wealth Partners LLC boosted its holdings in shares of Camden Property Trust by 6.1% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,171 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 67 shares in the last quarter. Penserra Capital Management LLC bought a new stake in shares of Camden Property Trust in the 3rd quarter valued at about $110,000. Perigon Wealth Management LLC boosted its holdings in shares of Camden Property Trust by 59.3% in the 2nd quarter. Perigon Wealth Management LLC now owns 2,150 shares of the real estate investment trust’s stock valued at $185,000 after buying an additional 800 shares in the last quarter. Bbva Compass Bancshares Inc. bought a new stake in shares of Camden Property Trust in the 3rd quarter valued at about $234,000. Finally, Koch Industries Inc. bought a new stake in shares of Camden Property Trust in the 2nd quarter valued at about $236,000. Institutional investors own 96.86% of the company’s stock.

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Camden Property Trust Company Profile

Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. As of December 31, 2016, the Company owned interests in, operated, or were developing 159 multifamily properties, which consisted of 55,366 apartment homes across the United States.

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