Positive Report for Camden Property Trust from KeyBanc

By Jason Carr

Camden Property Trust (NYSE: CPT) received a Buy rating from KeyBanc analyst Jordan Sadler today. The company’s shares closed yesterday at $86.64, close to its 52-week high of $87.73.

According to TipRanks.com, Sadler is a 4-star analyst with an average return of 10.4% and a 71.4% success rate. Sadler covers the Financial sector, focusing on stocks such as Inland Real Estate ate Corp, Hudson Pacific Properties, and Ashford Hospitality Trust.

Camden Property Trust has an analyst consensus of Strong Buy, with a price target consensus of $89.

The company has a one year high of $87.73 and a one year low of $75.36. Currently, Camden Property Trust has an average volume of 488.2K.

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