Stifel Nicolaus analyst John Guinee reiterated a Buy rating on Camden Property Trust (NYSE: CPT) yesterday and set a price target of $102. The company’s shares closed yesterday at $93.85, close to its 52-week high of $96.39.
According to TipRanks.com, Guinee is a 4-star analyst with an average return of 5.9% and a 63.3% success rate. Guinee covers the Financial sector, focusing on stocks such as Washington Real Estate Investment Trust, First Industrial Realty Trust, and Franklin Street Properties.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Camden Property Trust with a $94.80 average price target, representing a 1.0% upside. In a report released yesterday, Sandler O’Neill also reiterated a Buy rating on the stock with a $105 price target.
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Based on Camden Property Trust’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $38.39 million. In comparison, last year the company had a net profit of $39.11 million.
Based on the recent corporate insider activity of 37 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.
