Camden Property Trust (NYSE:CPT) Price Target Lowered to $125.00 at Mizuho

Camden Property Trust (NYSE:CPT) had its price target cut by equities researchers at Mizuho from $129.00 to $125.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Mizuho’s price target would suggest a potential upside of 13.29% from the stock’s previous close.

Other research analysts have also issued reports about the company. Evercore ISI raised their price target on Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Barclays started coverage on Camden Property Trust in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $138.00 target price for the company. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. BNP Paribas started coverage on shares of Camden Property Trust in a report on Wednesday, September 11th. They issued a “neutral” rating and a $129.00 price objective for the company. Finally, StockNews.com lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $126.75.

Camden Property Trust Stock Performance

Shares of CPT stock opened at $110.34 on Monday. Camden Property Trust has a one year low of $90.50 and a one year high of $127.69. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. The firm’s 50 day moving average price is $119.22 and its 200-day moving average price is $118.52. The firm has a market cap of $11.77 billion, a P/E ratio of 34.92, a P/E/G ratio of 4.40 and a beta of 0.94.

Institutional Trading of Camden Property Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPT. Federated Hermes Inc. purchased a new position in shares of Camden Property Trust in the 2nd quarter valued at $33,000. Neo Ivy Capital Management acquired a new position in Camden Property Trust in the third quarter valued at $38,000. American Capital Advisory LLC grew its holdings in shares of Camden Property Trust by 42.7% during the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 128 shares during the last quarter. Sentry Investment Management LLC purchased a new position in shares of Camden Property Trust during the third quarter worth about $62,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Camden Property Trust by 77.7% in the 4th quarter. Versant Capital Management Inc now owns 716 shares of the real estate investment trust’s stock valued at $83,000 after purchasing an additional 313 shares during the last quarter. 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.