BMO Capital Reiterates a Hold Rating on Camden Property Trust

By Austin Angelo

In a report released today, John Kim from BMO Capital reiterated a Hold rating on Camden Property Trust (NYSE: CPT), with a price target of $81. The company’s shares closed yesterday at $81.87.

According to TipRanks.com, Kim is a 4-star analyst with an average return of 5.9% and a 66.0% success rate. Kim covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Urstadt Biddle Properties Inc, and Franklin Street Properties.

Camden Property Trust has an analyst consensus of Moderate Buy, with a price target consensus of $84.67.

The company has a one year high of $87.73 and a one year low of $69.26. Currently, Camden Property Trust has an average volume of 678.7K.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CPT in relation to earlier this year. Last month, Gardner Parker, a Director at CPT sold 187 shares for a total of $15,981.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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. Keith Oden on May 25, 1993 and is headquartered in Houston, TX.