Barclays Issues a Hold Rating on Camden Property Trust

By Jason Carr

In a report issued on April 18, Ross L Smotrich from Barclays maintained a Hold rating on Camden Property Trust (NYSE: CPT), with a price target of $85. The company’s shares closed yesterday at $82.24.

According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 8.8% and a 68.0% success rate. Smotrich covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate ate Investment, Apartment Investment & Management, and General Growth Properties Inc.

Camden Property Trust has an analyst consensus of Moderate Buy, with a price target consensus of $87.50.

Camden Property Trust’s market cap is currently $7.1B and has a P/E ratio of 16.97. The company has a book value ratio of 2.3961.

Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. Last month, Gardner Parker, a Director at CPT sold 741 shares for a total of $60,043.

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.