Robert W. Baird analyst Drew Babin reiterated a Hold rating on Camden Property Trust (NYSE: CPT) yesterday and set a price target of $95. The company’s shares opened today at $93.69, close to its 52-week high of $96.39.
According to TipRanks.com, Babin is a 4-star analyst with an average return of 9.6% and a 81.3% success rate. Babin covers the Financial sector, focusing on stocks such as Bluerock Residential Growth, Physicians Realty Trust, and Education Realty Trust.
Camden Property Trust has an analyst consensus of Moderate Buy, with a price target consensus of $97.57, representing a 4.1% upside. In a report issued on August 5, Mizuho Securities also reiterated a Hold rating on the stock with a $93 price target.
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The company has a one-year high of $96.39 and a one-year low of $78.19. Currently, Camden Property Trust has an average volume of 502.3K.
Based on the recent corporate insider activity of 28 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.
