Camden Property Trust (CPT) Receives Analyst Rating

Camden Property Trust (CPT) : Zacks Investment Research ranks Camden Property Trust (CPT) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. 3 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 15 research analysts is 2.93, which indicates as a Hold.

Camden Property Trust (CPT) : Average target price received by Camden Property Trust (CPT) is $87.85 with an expected standard deviation of $7.12. The most aggressive target on the stock is $101, whereas the most downbeat target is $75. 13 financial analysts are currently covering the stock.


Also, BTIG Research initiates coverage on Camden Property Trust (NYSE:CPT) The current rating of the shares is Neutral. The rating by the firm was issued on August 25, 2016.

Camden Property Trust (NYSE:CPT): After opening at $84.3, the stock dipped to an intraday low of $83.91 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $85.16 and the buying power remained strong till the end. The stock closed at $84.93 for the day, a gain of 0.51% for the day session. The total traded volume was 785,241. The stocks close on the previous trading day was $84.5.

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. The Companies properties consist of mid-rise buildings or two and three story buildings in a landscaped setting and provide residents with various amenities common to multifamily rental properties. As of December 31, 2014, the Company owned interests in, operated or was developing 181 multifamily properties consisting of 63,163 apartment homes across the United States. The Companys properties include Camden Copper Square, Camden Montierra, Camden Sea Palms, Camden Tuscany, Camden Belleview Station, Camden Denver West, Camden Fallsgrove, Camden Summerfield, Camden Bay, Camden Brookwood and Camden Ballantyne, among others.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *