Barclays Remains a Hold on Camden Property Trust (CPT)


Barclays analyst Ross L Smotrich maintained a Hold rating on Camden Property Trust (NYSE: CPT) on October 12 and set a price target of $87. The company’s shares closed on Friday at $89.23.

According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 6.8% and a 62.2% success rate. Smotrich covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate Investment, Apartment Investment & Management, and Safety Income & Growth Inc.

Camden Property Trust has an analyst consensus of Moderate Buy, with a price target consensus of $96.88.

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Camden Property Trust’s market cap is currently $8.28B and has a P/E ratio of 42.68. The company has a Price to Book ratio of 2.47.

Based on the recent corporate insider activity of 35 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 diverse portfolio of apartment homes located across the U.S. The company was founded by Richard J. Campo and D.

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