BMO Capital Sticks to Their Buy Rating for Camden Property Trust

In a report released today, John Kim from BMO Capital maintained a Buy rating on Camden Property Trust (NYSE: CPT), with a price target of $92. The company’s shares opened today at $85.02.

According to TipRanks.com, Kim is a 4-star analyst with an average return of 3.4% and a 53.9% success rate. Kim covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Franklin Street Properties, and National Health Investors.

Camden Property Trust has an analyst consensus of Moderate Buy, with a price target consensus of $89.50.

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Based on Camden Property Trust’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $239 million and quarterly net profit of $87.46 million. In comparison, last year the company earned revenue of $222 million and had a net profit of $34.82 million.

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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.