Camden Property Trust (CPT) Gets a Buy Rating from BMO Capital

By Carrie Williams

BMO Capital analyst John Kim reiterated a Buy rating on Camden Property Trust (CPTResearch Report) on October 31 and set a price target of $115.00. The company’s shares closed last Monday at $114.35, close to its 52-week high of $116.67.

According to TipRanks.com, Kim is a 4-star analyst with an average return of 5.4% and a 59.8% success rate. Kim covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Franklin Street Properties, and National Health Investors.

Camden Property Trust has an analyst consensus of Strong Buy, with a price target consensus of $114.00.

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The company has a one-year high of $116.67 and a one-year low of $83.67. Currently, Camden Property Trust has an average volume of 434.8K.

Based on the recent corporate insider activity of 25 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.