KeyBanc Reiterates Camden Prop Trust (NYSE:CPT) As a Overweight; They Now Have a TP Of $98

September 17, 2017 - By Kurt Siggers

 KeyBanc Reiterates Camden Prop Trust (NYSE:CPT) As a Overweight; They Now Have a TP Of $98

Investors sentiment increased to 1.24 in Q4 2016. Its up 0.25, from 0.99 in 2016Q3. It improved, as 17 investors sold Camden Property Trust shares while 108 reduced holdings. 47 funds opened positions while 108 raised stakes. 84.01 million shares or 9.97% less from 93.32 million shares in 2016Q3 were reported.

Blackrock Inc reported 0.03% in Camden Property Trust (NYSE:CPT). Envestnet Asset owns 6,016 shares. Kempen Capital Management Nv holds 3.04% of its portfolio in Camden Property Trust (NYSE:CPT) for 289,261 shares. Fmr Limited Com reported 0.04% of its portfolio in Camden Property Trust (NYSE:CPT). Guardian Trust accumulated 50,184 shares. Renaissance Technologies Ltd Company accumulated 0% or 7,700 shares. Commerzbank Aktiengesellschaft Fi invested in 2,979 shares or 0% of the stock. Schulhoff And Inc invested in 3,596 shares. Daiwa Grp holds 1.24% or 2.30M shares in its portfolio. Amp Invsts invested in 0.03% or 61,063 shares. Princeton Alpha Management Limited Partnership holds 0.23% or 13,061 shares. Natixis holds 0% or 4,023 shares in its portfolio. 3.77 million were accumulated by Blackrock Institutional Tru Na. Cibc World Markets accumulated 6,514 shares. Wells Fargo And Company Mn stated it has 201,214 shares or 0.01% of all its holdings.

Since March 21, 2017, it had 0 buys, and 1 sale for $194,141 activity. The insider PARKER F GARDNER sold 741 shares worth $60,043.

Camden Prop Trust (NYSE:CPT) Rating Reaffirmed

KeyBanc now has a $98 price target on shares of Camden Prop Trust (NYSE:CPT). The price target would indicate a potential upside of 4.03 % from the last stock close of Camden Prop Trust (NYSE:CPT). This rating was disclosed to clients in a note on Friday, 15 September.

Investors sentiment increased to 1.24 in Q4 2016. Its up 0.25, from 0.99 in 2016Q3. It improved, as 17 investors sold Camden Property Trust shares while 108 reduced holdings. 47 funds opened positions while 108 raised stakes. 84.01 million shares or 9.97% less from 93.32 million shares in 2016Q3 were reported.

Blackrock Inc reported 0.03% in Camden Property Trust (NYSE:CPT). Envestnet Asset owns 6,016 shares. Kempen Capital Management Nv holds 3.04% of its portfolio in Camden Property Trust (NYSE:CPT) for 289,261 shares. Fmr Limited Com reported 0.04% of its portfolio in Camden Property Trust (NYSE:CPT). Guardian Trust accumulated 50,184 shares. Renaissance Technologies Ltd Company accumulated 0% or 7,700 shares. Commerzbank Aktiengesellschaft Fi invested in 2,979 shares or 0% of the stock. Schulhoff And Inc invested in 3,596 shares. Daiwa Grp holds 1.24% or 2.30M shares in its portfolio. Amp Invsts invested in 0.03% or 61,063 shares. Princeton Alpha Management Limited Partnership holds 0.23% or 13,061 shares. Natixis holds 0% or 4,023 shares in its portfolio. 3.77 million were accumulated by Blackrock Institutional Tru Na. Cibc World Markets accumulated 6,514 shares. Wells Fargo And Company Mn stated it has 201,214 shares or 0.01% of all its holdings.

Since March 21, 2017, it had 0 buys, and 1 sale for $194,141 activity. The insider PARKER F GARDNER sold 741 shares worth $60,043.

Camden Property Trust (NYSE:CPT) Ratings Coverage

Among 20 analysts covering Camden Property (NYSE:CPT), 10 have Buy rating, 1 Sell and 9 Hold. Therefore 50% are positive. Camden Property has $105.0 highest and $77 lowest target. $88.65’s average target is -5.89% below currents $94.2 stock price. Camden Property had 52 analyst reports since July 21, 2015 according to SRatingsIntel. On Monday, October 26 the stock rating was downgraded by BMO Capital Markets to “Underperform”. As per Friday, August 18, the company rating was maintained by Deutsche Bank. The firm has “Neutral” rating given on Wednesday, August 10 by Robert W. Baird. Zacks upgraded the stock to “Hold” rating in Monday, August 24 report. The firm has “Hold” rating given on Tuesday, November 3 by Deutsche Bank. The stock of Camden Property Trust (NYSE:CPT) earned “Outperform” rating by RBC Capital Markets on Monday, May 2. On Thursday, August 4 the stock rating was maintained by Citigroup with “Neutral”. The firm has “Hold” rating by Citigroup given on Monday, May 9. The stock of Camden Property Trust (NYSE:CPT) earned “Overweight” rating by KeyBanc Capital Markets on Tuesday, June 13. Barclays Capital downgraded Camden Property Trust (NYSE:CPT) on Monday, January 23 to “Equal Weight” rating.

The stock increased 0.26% or $0.24 on September 15, reaching $94.2. About 930,755 shares traded or 28.64% up from the average. Camden Property Trust (NYSE:CPT) has risen 3.41% since September 17, 2016 and is uptrending. It has underperformed by 13.29% the S&P500.

Wall Street await Camden Property Trust (NYSE:CPT) to release earnings on October, 26. Analysts forecast earnings per share of $1.17, up exactly $0.04 or 3.54 % from 2014’s $1.13 EPS. The expected CPT’s profit could reach $108.43M giving the stock 20.13 P/E in the case that $1.17 earnings per share is reported. After posting $1.15 EPS for the previous quarter, Camden Property Trust’s analysts now forecast 1.74 % EPS growth.

Camden Property Trust is a real estate investment trust . The company has market cap of $8.73 billion. The Firm is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. It has a 21.03 P/E ratio. 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.

More notable recent Camden Property Trust (NYSE:CPT) news were published by: Seekingalpha.com which released: “Quantifying The Impact Of Harvey On Apartment REITs” on August 30, 2017, also Businesswire.com with their article: “Camden Property Trust Announces Pricing of Common Shares” published on September 12, 2017, Seekingalpha.com published: “Camden Property’s (CPT) CEO Ric Campo on Q2 2017 Results – Earnings Call …” on July 29, 2017. More interesting news about Camden Property Trust (NYSE:CPT) were released by: Reuters.com and their article: “BRIEF-Camden Property Trust says its apartments have minor damage from …” published on September 11, 2017 as well as Businesswire.com‘s news article titled: “Camden Property Trust Provides Update on Projected Expenses Related to …” with publication date: September 05, 2017.

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