Camden Property Trust (NYSE:CPT) Price Target Lowered to $110.00 at Stifel Nicolaus

Camden Property Trust (NYSE:CPT) had its price target decreased by stock analysts at Stifel Nicolaus from $111.50 to $110.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 25.81% from the company’s current price.

CPT has been the subject of a number of other research reports. UBS Group lowered shares of Camden Property Trust from a “buy” rating to a “neutral” rating and cut their target price for the stock from $127.00 to $94.00 in a research report on Monday, November 6th. Mizuho lowered their target price on shares of Camden Property Trust from $120.00 to $101.00 and set a “buy” rating on the stock in a report on Tuesday, September 26th. JPMorgan Chase & Co. increased their target price on Camden Property Trust from $131.00 to $133.00 and gave the stock a “neutral” rating in a research report on Monday, August 21st. Barclays lifted their price target on Camden Property Trust from $137.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, September 22nd. Finally, Royal Bank of Canada decreased their price objective on Camden Property Trust from $114.00 to $109.00 and set an “outperform” rating on the stock in a research note on Monday, October 30th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $113.44.

Camden Property Trust Stock Performance

Shares of NYSE CPT traded down $0.14 during trading on Friday, reaching $87.43. 748,168 shares of the stock traded hands, compared to its average volume of 818,690. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.10 and a quick ratio of 0.10. The stock has a market capitalization of $9.33 billion, a P/E ratio of 41.77, a price-to-earnings-growth ratio of 2.98 and a beta of 0.84. Camden Property Trust has a 52-week low of $82.81 and a 52-week high of $127.60. The company has a 50-day moving average of $94.03 and a 200-day moving average of $103.59.

Institutional Investors Weigh In On Camden Property Trust

Several hedge funds have recently added to or reduced their stakes in CPT. Public Employees Retirement System of Ohio increased its position in shares of Camden Property Trust by 0.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 196,908 shares of the real estate investment trust’s stock valued at $18,624,000 after purchasing an additional 1,761 shares during the last quarter. Morgan Stanley boosted its stake in Camden Property Trust by 5.2% in the third quarter. Morgan Stanley now owns 885,942 shares of the real estate investment trust’s stock worth $83,793,000 after buying an additional 43,678 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in Camden Property Trust by 10.5% during the third quarter. Mercer Global Advisors Inc. ADV now owns 11,601 shares of the real estate investment trust’s stock valued at $1,097,000 after acquiring an additional 1,103 shares during the last quarter. Toroso Investments LLC raised its stake in shares of Camden Property Trust by 6.4% during the third quarter. Toroso Investments LLC now owns 49,156 shares of the real estate investment trust’s stock worth $4,649,000 after acquiring an additional 2,953 shares in the last quarter. Finally, iA Global Asset Management Inc. bought a new stake in shares of Camden Property Trust in the 3rd quarter worth approximately $512,000. Institutional investors own 95.04% 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 58,961 apartment homes across the United States.