In a report released yesterday, Ross L Smotrich from Barclays maintained a Buy rating on Camden Property Trust (CPT), with a price target of $108. The company’s shares closed yesterday at $102.55, close to its 52-week high of $103.41.
According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 7.1% and a 67.5% success rate. Smotrich covers the Financial sector, focusing on stocks such as Essential Properties Realty Trust Inc, Pennsylvania Real Estate Investment, and Apartment Investment & Management.
Camden Property Trust has an analyst consensus of Moderate Buy, with a price target consensus of $106.
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Based on Camden Property Trust’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $38.92 million. In comparison, last year the company had a net profit of $39.13 million.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock.
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Camden Property Trust operates as a real estate investment trust, which engages in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. It focuses on maintaining a geographically portfolio of apartment homes located across the U.S. The company was founded by Richard J. Campo and D. Keith Oden on May 25, 1993 and is headquartered in Houston, TX.
