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

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

Other analysts have also recently issued research reports about the company. UBS Group cut Camden Property Trust from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $127.00 to $94.00 in a research report on Monday, November 6th. Wedbush initiated coverage on shares of Camden Property Trust in a report on Tuesday, October 3rd. They issued an “outperform” rating and a $110.00 price objective on the stock. Royal Bank of Canada decreased their price target on shares of Camden Property Trust from $114.00 to $109.00 and set an “outperform” rating on the stock in a research report on Monday, October 30th. Evercore ISI reduced their price objective on Camden Property Trust from $117.00 to $111.00 in a research note on Monday, October 9th. Finally, Barclays upped their price target on Camden Property Trust from $137.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, September 22nd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Camden Property Trust has an average rating of “Hold” and an average price target of $113.44.

Camden Property Trust Stock Performance

Shares of Camden Property Trust stock traded down $0.14 during trading on Friday, hitting $87.43. 748,168 shares of the company’s stock traded hands, compared to its average volume of 818,690. The business has a 50-day simple moving average of $94.03 and a 200-day simple moving average of $103.59. Camden Property Trust has a 1 year low of $82.81 and a 1 year high of $127.60. The stock has a market capitalization of $9.33 billion, a P/E ratio of 41.77, a PEG ratio of 2.98 and a beta of 0.84. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.10 and a quick ratio of 0.10.

Institutional Trading of Camden Property Trust

A number of large investors have recently added to or reduced their stakes in CPT. Apollon Wealth Management LLC bought a new stake in Camden Property Trust in the second quarter worth $384,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Camden Property Trust by 11.3% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 156,338 shares of the real estate investment trust’s stock worth $17,021,000 after acquiring an additional 15,851 shares in the last quarter. ING Groep NV grew its position in Camden Property Trust by 3.3% in the first quarter. ING Groep NV now owns 18,715 shares of the real estate investment trust’s stock worth $1,962,000 after acquiring an additional 603 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its stake in Camden Property Trust by 28.7% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,279 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 285 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its position in Camden Property Trust by 2.8% during the first quarter. Mutual of America Capital Management LLC now owns 19,595 shares of the real estate investment trust’s stock valued at $2,054,000 after purchasing an additional 537 shares during the period. 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.