Colliers Securities Believes Camden Property (CPT) Still Has Room to Grow
In a report issued on April 29, David Toti from Colliers Securities reiterated a Buy rating on Camden Property (CPT), with a price target of $134.00. The company’s shares closed last Friday at $120.48, close to its 52-week high of $121.42.
According to TipRanks.com, Toti is ranked #3867 out of 7490 analysts.
Currently, the analyst consensus on Camden Property is a Moderate Buy with an average price target of $118.18, which is a -0.8% downside from current levels. In a report issued on April 23, Piper Sandler also maintained a Buy rating on the stock with a $135.00 price target.
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The company has a one-year high of $121.42 and a one-year low of $80.79. Currently, Camden Property has an average volume of 723.2K.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CPT in relation to earlier this year.
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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.